Case Study

Leeds (A): 1994: Leading into a strategic alliance

30 pages
December 1998
Reference: IMD-3-0758

After the departure of their CEO in March 1993, the Leeds directors are looking for a replacement. The non-executive directors initially wish to appoint the CEO of a smaller building society but this would mean a merger between the two institutions. The executive directors oppose the candidacy and suggest alternative options. Merger talks revive an earlier debate over the strategic goals of the Leeds. The executive directors seize this opportunity to convince the reluctant majority of the board that a merger with a substantially bigger player, the Halifax building society, is the way to achieve the Leeds mission.

Keywords
Merger, Bank, Personal Financial Services, Construction Company
Settings
United Kingdom
1993 to June 1994
Type
Field Research
Copyright
© 1998
Available Languages
English
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This case study is part of a series
  • Leeds (A): 1994: Leading into a strategic alliance
  • Leeds (A): A board issue: Direction in a changing environment
This case study is part of a series
  • Leeds (A): 1994: Leading into a strategic alliance
  • Leeds (A): A board issue: Direction in a changing environment
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Leeds (A): 1994: Leading into a strategic alliance
By Kurt Schaer and Denise H. Kenyon-Rouvinez
Case reference: IMD-3-0758 ©1998
Summary
After the departure of their CEO in March 1993, the Leeds directors are looking for a replacement. The non-executive directors initially wish to ap...
Reference IMD-3-0758
Copyright ©1998
Copyright owner IMD Copyright
Available Languages English
Contact

Research Information & Knowledge Hub for additional information on IMD publications

Leeds (A): A board issue: Direction in a changing environment
By Kurt Schaer and Denise H. Kenyon-Rouvinez
Case reference: IMD-3-0757 ©1998
Summary
In late 1992, the Leeds is about to report generally favorable financial results. In the tradition of the UK building societies this cooperative or...
Reference IMD-3-0757
Copyright ©1998
Copyright owner IMD Copyright
Available Languages English
Contact

Research Information & Knowledge Hub for additional information on IMD publications