PREVIEW · ILLUSTRATIVE CONTENT, NOT YET FILMED
TEN CHAIRS THE EXECUTIVE SEARCH 2026 ALMANAC VOLUME ONE
INDUSTRIAL & MANUFACTURING
ONE OF THE TEN

Duncan Reith

Managing Partner, Reith & Vale

Duncan founded Reith & Vale in 2009 after two decades in industrial search, most of it placing operations and engineering leadership into manufacturers across the North and the Midlands. The company works with owner-managed engineering groups, listed manufacturers and industrial private equity, from plant director to group board.

Eleven people across Leeds and Birmingham. Duncan holds the Industrial & Manufacturing chair in the first volume of The Executive Search Ten.

2009Founded
11People
Leeds & BirminghamOffices
12 / 12Questions answered
THE TWELVE

What Duncan Reith said.

01
What separates the executives who succeed from the ones who fail?

Honestly? Whether the chair likes them. I know that's not the answer anyone wants, and it's not the answer I'd have given at forty. But I've watched capable people fail because the relationship never took, and mediocre people survive three bad years because it did.

It's why I pay more attention to the coffee before the process than the process. Two people either find a way of talking to each other or they don't, and no scorecard has ever told me which it'll be.

02
AI is doing more of the work every year. What happens to the people you place?

The bit the machines do was never the hard bit in my world. Half my candidates aren't performing on the internet; they're running factories. The hard bit is knowing which plant director actually did the turnaround and which one stood near it. That isn't written down anywhere a model can read it.

So the research got cheaper and the judgement got dearer. Suits me fine.

03
What is the most overrated quality in a leader?

Charisma. It gets people hired and it gets businesses into trouble, usually in that order. A factory doesn't care how good you are in a room.

Give me somebody the supervisors trust over somebody the analysts enjoy, every time.

04
Is culture fit a real assessment, or an excuse?

Both, and the trick is knowing which one you're doing. In industrial there's a real version: if you've never run anything unionised, a heavily unionised site will eat you, and saying so isn't prejudice, it's arithmetic.

But when someone says "fit" and can't finish the sentence, that's not assessment. If you can't write the mismatch down in one line, there isn't one.

05
What kind of leader does a business need now that it did not five years ago?

Somebody who has run something through a bad patch. Five years ago every brief wanted a growth story. Now boards ask me for people who have closed a site without losing the trust of the three they kept open.

Energy costs and reshoring did that. The heroic phase is over; the competent phase is here, and I prefer it.

06
What do boards get wrong about succession?

They confuse the deputy with the successor. The deputy is the person who kept the machine running while the boss was away. The successor is the person who could change the machine. Sometimes it's the same person. Usually it isn't, and nobody's told the deputy.

07
Is the market for senior people rational?

No. An operations director in Rotherham who has run three sites for twenty years costs less than a strategy hire who has never stood on a shop floor. Explain that to me.

The market pays for polish and calls it potential. The gap is where my business lives, so I shouldn't complain.

08
When should a company not use a search firm?

When the answer's inside the building. If your best supervisor can name your next plant manager, promote them and save my fee. Some of the most useful conversations I have are the ones where I talk myself out of a mandate.

Sounds like bad business. It's the opposite: those companies come back for the searches that are real.

09
Twenty years of diversity targets. What has actually changed at board level?

In my corner, less than anywhere, and the honest reason is upstream. My shortlists today are the engineering intakes of twenty-five years ago. You cannot fix in the boardroom what stopped happening in classrooms.

What we can do is stop making it worse: we bench every brief against the whole market, not the usual names, and we tell clients when their spec quietly excludes everyone who didn't have one particular career.

10
How much of a leader’s success is the person, and how much the company they land in?

Seventy-thirty the company, and I'll die on that hill. I've watched the same managing director be brilliant under one owner and sunk by the next. Same man, same factory, different shareholder.

11
Who did you back when everyone else thought you were wrong?

A plant manager with no degree, for a group operations role. The board nearly walked over it. He'd taken three failing sites and turned every one, and the only thing missing was a certificate from thirty years ago.

He's the group managing director now. The certificate still hasn't come up.

12
The question I wanted to be asked.

"Why are you still doing this?"

Because in 2011 I placed a man into a business everyone said was finished, and he rings me every Christmas Eve to tell me how the year went. Four hundred people still work there.

You don't get that feeling from many jobs. That's the answer, and nobody's ever asked me for it.

NEXT · HEALTHCARE & LIFE SCIENCESSinead KavanaghArdent Leadership
THE QUICKFIRE TEN

Ten quick ones.

Asked at every sitting, answered without thinking too hard.

Phone call or email?Phone. Email is for confirming.
CV or LinkedIn?CV. Two pages, no photo.
How long should a first interview last?An hour, and a walk round the site.
The most overused word in a job spec?Transformation.
Counter-offer: stay or go?Stay if it's money. Go if it's anything else.
Best question a candidate ever asked you?"What happened to the last one?"
Suits: still required?I own one. Weddings and finals.
The reference that matters most?The shop floor.
Your industry in one word?Stubborn.
The job you would never take?Anything with a matrix reporting line.