Why and How Manufacturers Should Choose an Outside Board Director w/ Tate Pursell

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Former manufacturing CEO and private equity operating partner Tate Pursell will tell you that you don’t add an outside director because a textbook says you should. The trigger is usually an inflection point: a succession, rapid growth, an acquisition, a decision that needs experience from outside the room. In this episode, we’ll unpack what an outside director brings to a family-owned or PE-backed manufacturer, and how to choose one. You’ll hear why the search starts with a three-to-five-year strategy, not a name you already know, what a PE board needs that a family board doesn’t, and the mistakes owners make with their first outside director.