STRATEGIC HIRING - HOW TO GET AHEAD OF THE CURVE

Celebrating International Women's Day with Louise Shute

In celebration of International Women's Day, we continue our series by highlighting the inspiring journey of female leaders in finance who are making a significant impact throughout their career.In this installation we are thrilled to feature an interview with Louise Shute, the Chief Financial Officer of Hollybank Trust, a not-for-profit care provider dedicated to supporting individuals with complex needs. Since joining Hollybank Trust in 2019, Louise has been instrumental in driving financial sustainability, operational efficiency, and strategic growth. Her leadership goes beyond numbers, focusing on ensuring that every financial decision aligns with the organisation's mission to provide outstanding care. Join us as we dive into her career-defining moments, the traits that have contributed to her success, and her invaluable advice for the next generation of female finance leaders. 1.Please can you provide a summary of who you work for and your current role?I am the Chief Financial Officer of Hollybank Trust, a large not-for-profit care provider that delivers specialist care and education to individuals with complex needs. Since joining in 2019, I have been responsible for overseeing finance, IT, estates, and HR, ensuring financial sustainability, operational efficiency, and a strong, well-supported workforce. My role is not just about numbers—it’s about making sure every financial decision supports the organisation’s mission. I work closely with the executive team and trustees to strategically plan for the future, secure funding, and drive initiatives that enhance the care we provide. This includes leading acquisitions, driving digital transformation, and optimising resources to ensure we remain sustainable and continue to deliver outstanding care in an increasingly challenging financial landscape.2.What have been the one or two most defining moments in your career to date?A few pivotal moments have shaped my career and leadership style: Building a finance function from the ground up – One of my most challenging and rewarding experiences was setting up an entire finance team from scratch for a large care group. Bringing the finance function in-house, creating new systems, and ensuring financial stability in a complex organisation gave me invaluable leadership experience. Leading an acquisition – More recently, I successfully led the acquisition of a care business, ensuring financial due diligence, securing funding, and integrating the new business into our operations. This was a defining moment in navigating the complexities of growth while maintaining financial security. Driving digital transformation – Overseeing our transition to a nearly paperless organisation has been a major milestone. Introducing new financial, HR, and operational systems has made us more efficient and forward-thinking, ensuring we are well-equipped for the future. Beyond these, every year brings new challenges in the not-for-profit and care sector, where funding is tight, costs are rising, and financial sustainability is an ongoing battle. Navigating these challenges while keeping the organisation strong and adaptable is something I take pride in.3.What are the most important personal traits, values or characteristics that, being a female finance leader, has really helped to contribute to your success?Leadership isn’t just about making decisions—it’s about bringing people with you. The qualities that have shaped my success as a finance leader include: Compassion and genuine interest in people – I care about my colleagues and take the time to listen, understand their perspectives, and create a supportive environment. Decisiveness and resilience – In finance, tough decisions need to be made. I can balance strategy with reality, ensuring we remain financially stable while protecting the organisation’s core values. Strong communication – Finance can sometimes feel like a separate world, but I ensure complex financial insights are communicated clearly to teams, trustees, and stakeholders so they can make informed decisions. Positivity, even in difficult times – The financial landscape for care providers is constantly evolving, and it’s easy to focus on the challenges. I believe in staying solution-focused and adaptable, ensuring we embrace change rather than fear it. A positive outlook helps to motivate teams, find creative solutions, and maintain momentum even during difficult periods. I wouldn’t say I’ve faced direct challenges as a woman in finance, but finance leadership remains a male-dominated space, especially at board level. Many women struggle with imposter syndrome, and I think it’s crucial to own your expertise, trust your ability, and bring your unique strengths to the table.4.What is the one piece of advice that you would share with the next generation of female finance leaders as they look to build their careers?My biggest piece of advice is: do what makes you happy. You spend so much of your life at work—it’s essential to enjoy it. If you don’t, don’t be afraid to seek out something that challenges, excites, and fulfils you. Beyond that, a few key lessons I’ve learned: Be true to yourself. Work for organisations that align with your beliefs, morals, and values. Build a strong team. Surround yourself with capable, driven people—it will make all the difference. Keep learning. I haven’t had an official mentor, but I invest in seminars, courses, and networking to continuously grow. Finding a mentor or widening your professional network can be invaluable. Stay adaptable. Finance, technology, and the business landscape are evolving rapidly. Staying open to change and embracing new ways of working will set you apart. Above all, believe in yourself. Women often doubt their abilities more than men, but confidence comes from experience. Keep learning, keep leading, and don’t be afraid to step up and take your seat at the table.Louise’s journey is a testament to her power of resilience, compassion, and strategic vision in leadership. Her dedication to Hollybank Trust's mission and her ability to navigate the complexities of the not-for-profit sector have set a remarkable example for aspiring female finance leaders. Her advice to stay true to oneself, build strong teams, and continuously learn resonates deeply, reminding us all of the importance of passion and adaptability in our careers. We hope her story inspires and empowers the next generation of women to pursue their ambitions with confidence and determination. While women are making strides in leadership roles, a significant gender gap still exists. In 2024, 36% of new CFO hires in FTSE 100 companies were female, a notable increase from 2023 when only 14% of new hires were female [1]. Despite this progress, women hold only 25% of CFO positions in the FTSE 100 [2]. These statistics highlight the ongoing need for greater gender diversity and support for women in finance. Looking for your next career move in finance or accountancy? At Sharp Consultancy, our expertise lies in matching your potential with the perfect temporary, interim, or permanent position. With a well-established presence in Leeds and Sheffield, our seasoned team of consultants extends their services across Yorkshire and beyond. Don't wait for opportunity to knock, reach out to us TODAY and let's chart your career path together.

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Consensus. Normally it’s hard to get more than five people to agree on the time of day so it’s unusual to have such a wide consensus, consensus across hundreds of businesses and business leaders, but my anecdotal evidence is that we have just that. So what is the consensus I refer to? Just this; everyone agrees that no-one has any real idea what the next 12 months will bring. Forecasting is nigh on impossible and this would be highly amusing if it wasn’t so serious. A CFO friend of mine told me that the auditors had queried his going concern forecast. Fair enough. He asked them how they would do it differently and if they had further ideas or information that could make it more certain. The forecast stood.

And that’s the problem; how do you run a business when you really have no idea what is going to happen, when the variables are so great and there has never been so many ‘what if’s’. I can’t say I can answer that any better than anyone else.

I do know though that quality management teams nearly always find a way. Sometimes there is no solution to be found and that is terribly sad, but on the whole the best teams find a way forward. However, ‘good’ in a pre-covid economy may not be ‘good enough’ in a post-covid economy. The qualities needed to navigate a ship in calm waters may no longer be sufficient in one hell of a storm. This is praying on the minds of investors, lenders, owners and management teams a lot at the moment. I have heard of so many inspirational stories since March it just shows what is possible when the chips are down. I’ve also heard of some less inspirational stories too.

Strategic hiring is something we normally associate with a benign or growing economy, when the future looks pretty certain and rosy, where key people are tracked for some time before finally
being fitted in as the perfect peg in the perfect hole. Measured, thoughtful, careful, strategic hiring all as part of a five year master plan. Horizons are no longer five years. Or three. Three months more like and that’s stretching it on occasions.

If we accept that the only certainty is uncertainty that at least gives a business something to plan around. In turn that allows businesses to assess their capacity to cope with change, rapid and sometimes unforeseen change. You may not know what’s around the corner but you can know whether you have the capabilities to not only cope but also to extract every ounce of opportunity from whatever that ‘corner’ brings. In short, you can think strategically about your management team’s capabilities and you can and should make strategic hires before the need arises, in the knowledge that when the need becomes suddenly apparent it will already be too late to fit that perfect peg in the perfect hole.

Demand for many skills will change and for some reduce over the next year. Demand for those that can manage change and excel under stress though will be huge; supply is already diminishing.
Given the chance and a little time we at Sharp Consultancy almost always find that perfect peg. Give yourself the time to get ahead of the curve (or should that be corner) and give me a call.

Sharp Consultancy has a vastly experienced team of Executive Search consultants specialising in identifying, selecting and placing senior finance professionals in roles with owner managed
businesses, corporate plcs, private equity and venture capital firms and leading accountancy practices throughout Yorkshire, the North West and beyond. CONTACT UStoday to discuss your recruitment needs with a member of our team.