Previous Next
How to get the most out of your reading experience?
Scroll to read the article
Swipe to navigate
between articles
Got it

Separate Peaks, Shared View

SEPARATE PEAKS, SHARED VIEW
VISTAGE ACQUIRES DENMARK’S EGN TO ELEVATE 45,000+ EXECUTIVES WORLDWIDE

When EGN CEO Jonatan Persson first met Sam Reese, CEO of Vistage Worldwide, the two bonded over their shared backgrounds as elite athletes. Reese was a former All- American in college as a distance runner; Persson represented Denmark as a member of its Olympic sailing team.

Both understood the hard work it took to excel, the focus and determination to reach the top, the challenges that must be conquered to move forward, and the work and collaboration with others needed to achieve success. Little wonder, then, that both Reese and Persson ended up leading organizations that elevate CEOs and executives through executive coaching and peer advisory.

“We both believe that a peer advisory group paired with executive coaching is the best model to help leaders learn, grow and make better decisions,” Reese says. “When we met six years ago, I saw immediately what that strategic fit could mean for both our companies.”

Indeed, that shared belief in the power of peer perspectives led Vistage to acquire the Denmark-based EGN. With the addition of EGN, Vistage now serves more than 45,000 members across 35 countries worldwide, cementing its position as the world’s largest executive coaching and peer advisory organization.

But the acquisition means more than that, Persson says. For EGN, which provides peer advisory across 70 key executive functional areas, it means adding a robust CEO membership strategy and additional resources to help them reach more business leaders across Europe.

“I always saw it as the perfect fit,” Persson says. “We’re in different geographies and have developed ourselves a little bit differently, but our members are having the same conversations. They’re issue processing. The whole idea of helping people and companies grow through our learning, sharing and discussing is exactly the same as I see it.”

“WE BOTH BELIEVE THAT A PEER ADVISORY GROUP PAIRED WITH EXECUTIVE COACHING IS THE BEST MODEL TO HELP LEADERS LEARN, GROW AND MAKE BETTER DECISIONS.”
Sam Reese
SAM REESE
CEO, Vistage Worldwide
“WE’RE IN DIFFERENT GEOGRAPHIES AND HAVE DEVELOPED OURSELVES A LITTLE BIT DIFFERENTLY, BUT OUR MEMBERS ARE HAVING THE SAME CONVERSATIONS.”
Jonatan Persson
JONATAN PERSSON
CEO, EGN

Both Persson and Reese stressed that alignment around mission and vision was the primary reason for the partnership. Despite the geographical divide, the two organizations separately discovered the benefits of peer advisory between executives — Vistage 65 years ago in Wisconsin and EGN 32 years ago in Svendborg, Denmark.

With that alignment around core beliefs, coupled with EGN’s growth — 16,000 members across 16 countries in Europe — a lot of the heavy lifting has already been done, says Vistage President of International Operations Rob Ristagno.

It’s now a matter of leveraging this new partnership to foster more connections among small and medium-sized business owners and executives around the world.

“Across the globe, the challenges that CEOs face are the same. Leaders feel lonely at the top, and are looking for a sounding board,” says Ristagno. “We have the best apparatus for how leaders learn, and we want members to tap into the power of the global community and the benefits that Vistage offers.”

For now, Vistage and EGN are sharing best practices and further aligning on strategy. In the long term, they will become more integrated as they pursue a shared vision of being the world’s most trusted resource for CEOs, Ristango says. “The plan is to find healthy opportunities for growth, so for right now we’ll continue to learn from each other and continue to have a worldwide impact.”

While the obstacles in business may be different from those on a racing boat, Persson says the principles of overcoming them are the same. Success — whether on the water or in the boardroom — is never inevitable, but it is always achievable. The key is to surround yourself with peers who challenge you, inspire you and make you better.

error: Content is protected !!
Download
Archive
books
logo
GLOBAL SPOTLIGHT