Chris Beck

Leaders Insight - The Role of an Non-Executive Director with Chris Beck

​Chris Beck has established himself as a non-executive chairman with a proven track record of creating shareholder value through a combination of organic growth strategies and acquisition over the last five years.In his roles as non-executive chairman, he has actively supported management with his extensive operational and situational leadership experience across retail, manufacturing, global supply chain, online, fulfilment, distribution, International reach and leveraging Technology as an enabler. Prior to his more recent non-executive career Chris was an executive director of Card factory Plc for 15 years leading supply, distribution, purchasing, business development and IT at Board level through a number of refinancing’s, a private equity investment, four acquisitions and a subsequent MBO and IPO and remaining until 2019. Chris is a qualified accountant having started his professional career with Grant Thornton in 1992 and held a number of roles in Corporate Recovery and Corporate Finance across the Midlands and Yorkshire before leaving to join Card Factory in 2007.​​Our very own Michael Ball, Partner at The CFO Partnership sat down with Chris to get his take on all aspects of being a NED.1.How would you define the role of a Non-Executive Director both in terms of core responsibilities but also some of the less obvious aspects to it?There is a clearly defined role of the NED providing an independent and external lens on the business together with providing guidance, challenge and support over the effective strategic direction. There are several more formal areas such as governance and remuneration, where the use of NEDs in a larger organisation can provide a framework to ensure the interests of the shareholders are considered and protected. In appointing an NED, there is usually a desire on the part of the business to appoint a person who, not only can effectively deliver on those areas outlined above, but can also bring some expertise in the sector, similar situational experiences or access to contacts and resources. NEDs often develop key relationships with the Executive Directors, providing support and assisting in their development as a leader and in other softer skills, becoming a trusted advocate of the business and often those individuals.​2.What were the most important experiences and skills from your former Executive career that you have relied on since making the switch to a Non-Executive career?Communication skills and developing relationships remain front and centre of transferrable skills. Being able to bring examples of situational experience from executive roles are the most additive, providing context and solutions to real world challenges and issues the business may face from time to time. This includes learning from mistakes made so that the business has a greater chance of getting this right first time. Where there is crossover in sector experience and situational experience this often develops in to providing access to contacts and networks where there is proven experience in meeting the businesses needs to an issue or opportunity.​3.What are your opinions about developing the relationship between an MD or CEO and a Non-Exec? What is critically important in building a successful partnership and providing the right support to them and the board?I think in all roles as an NED developing relationships with the wider board and senior leadership team is vitally important. Whilst this may be more structured in a larger corporate or PLC, in my current roles I play an active role in supporting and mentoring the existing board and a number of senior leaders that could well progress through to board positions. Developing these people I believe is integral to the wider strategy and culture as the way in which those relationships work, and associated behaviours, is often used to role model what good looks like to the wider teams.​4.Is it important for an NED to have experience in the sector the business operates in?One of the most important aspects for any potential NED and those making the appointment from within the business is to clearly align on what it is that is required from an NED for that specific business. In larger corporates it is often easier to establish this, as the role may well be a replacement appointment or the addition of a further non exec to meet a clearly defined brief. In growing SMEs, I have found it necessary to work through the clarity of what is required and whilst in many instances, sector experience is important, parallels in situational leadership are equally, if not more important, and examples I have seen have been to include Digital Transformation and Geographical reach in to new markets or territories. The pace of professionalisation within organisational design and systems to support growth or readiness for a future transaction often lend towards a NED with experience of these situations rather than sector specific experience. Clearly both will be differentiators amongst potential candidates. ​5.How did you approach making the transition from Executive to Non-Executive and what tips would you give someone else looking to start building a client portfolio?I had a clear plan that I wanted to pursue a small number of NED roles following retirement from Executive roles. I think it is very important to consider what you are wanting to achieve from such roles, for me my motivation was to work with interesting, growth businesses with good management where I could see my own experiences supporting and adding value. Having worked hard to achieve a work life balance for myself location was a factor, notwithstanding technology I wanted to make sure I was able to support in person without compromising on the quality of life I had achieved. I was fortunate enough to take on a Chair role in a charity connected to my previous executive role and also took on a further trustee role in the charity sector. Both were really valuable to demonstrate governance but also helped with behaviours and the transition to an NED. I would encourage any Executive thinking towards an NED career to actively try and gain experience in that space, in conjunction with their existing executive role, whether that is for another corporate or a charity and will be more relevant to those individuals working at operational board level, perhaps with less visibility to the governance aspects of a company. There are some good causes and membership of the IOD is highly beneficial to refresh and stay up to date on company law and changes in governance.​6.Are new technologies like Artificial Intelligence having much of an impact on your role as an NED yet and what impact do you think they could have over the next few years?The consideration of new technologies is always appropriate and, in most businesses, I am involved in the adoption of new technologies as an enabler to support growth or efficiency. We are seeing the adoption of AI to help businesses carry out tasks and process data which is supporting the board with more timely information on which to base decisions, however we are yet to replace an NED with AI!​7.What do you find most satisfying and what are some of the most frustrating parts of working as an NED?There are several reasons people assume an NED role. For me its ultimately to use my skills and experience to support management teams reach better outcomes with my support. Those better outcomes are to see teams develop, improve financial performance and deliver strategic change. Seeing these things evolve at pace in businesses with my support and guidance is what motivates me. As an experienced executive director and operator, the biggest challenge is to support and guide, not to take over and do. It takes self-control, experience and most importantly to respect the Executive Team you are working with and their own roles. ​8.What is the one single best piece of advice you were given early in your career that still holds true today?In any challenging situation consider the intent of others and not how they act or behave. In most scenarios the intent is correct, and alignment of the behaviour and style of others may just be different to yourself. Don’t let this drive the wrong emotions and behaviours. It makes it so much easier to create alignment, agree mutually beneficial actions and drive pace to almost every situation. ​Chris Beck’s journey from executive leadership to a seasoned Non-Executive Chairman reflects a wealth of experience, adaptability, and strategic insight. His ability to support and guide management teams while using his deep industry knowledge has proven invaluable in driving growth and shareholder value. With a strong focus on relationship-building, governance, and the evolving role of technology, Chris demonstrates the impact a well-rounded NED can have on a business. His reflections on leadership, mentorship, and strategic decision-making provide valuable lessons for those looking to transition into non-executive roles. As businesses continue to navigate change and expansion, the role of an experienced NED like Chris will remain cricial in shaping their future success.

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Leaders Insight - with Lucy Bolton, CFO at Camira Fabrics

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​The second instalment of the “Leaders Insight” series comes from the CFO at Camira Fabrics and recent winner of the ‘2023 Northern Finance Director Awards’ in the leadership category, Lucy Bolton.

Lucy qualified as a chartered accountant at Leeds based firm Sagars in 2007 moving onto Communisis Plc in 2010 where she worked her way to becoming Divisional Finance Director up until 2018 when she moved to Camira Fabrics to help them with their ambitious growth plan. Camira Fabrics design and manufacture textiles for every space and sector - from commercial and residential to public transport, including bus, coach, and rail.

1.Which of your earlier roles played the biggest part in your career development to becoming a CFO?

Without doubt my role as Group FC at Communisis plc was the most formative role of my career to date. A tough role that required me to have a high technical understanding of the numbers, whilst also being able to tell the story confidently to investors and analysts was an invaluable experience.

2.What is the one thing you know now that you wish you knew as a newly qualified Accountant?

A real appreciation that cash flow is just as (if not more) important than profit! Being able to read and understand the cash flow and working capital cycle of a business will give insight into so much more than the numbers. It will give you the clues as to how sales, commercial arrangements, operations, product and debt arrangements to name just a few, are working for (or against) the business.

3.How important to you was a mentor / mentorship in your career progression?

I think having supportive leaders around you day to day is more important than a mentor as such. A mentor you may only see occasionally but having regular access to knowledgeable people on a daily basis as you go through your career is important. Leaders who care about your development and allow you to ask any question…no question is a stupid question!

4.The role of a CFO has changed over the last decade. What further evolution do you see in the role of the CFO over the next 5 to 10 years?

The obvious answer to this would be that the CFO of the future will need to be well versed and agile with regards to digital solutions. Ensuring that management decisions are back by or driven by rich and relevant data is key to staying ahead of competition. However, I do think that CFOs are now required to think more strategically than perhaps a few years ago and should be expected to personally contribute to the top line growth of the company. A mindset of “how can we best invest to grow?” rather than “where can we save cost?” is a must.

5.Having become a CFO what do you “think of the view from the top” and how does it compare to what you thought it would be like?

I feel really privileged to be in this position and to be able to make decisions that shape the future of my company. I enjoy it! To be honest, the view is exactly as I thought it would be and is what I was striving for on my way to CFO. I think people who naturally think ‘bigger picture’ will always rise to these positions with the right amount of hard work!

6.What technologies will reshape the role of the CFO over the next few years?

I think that the key here is to understand that we wont yet know what these technologies will look like. Change in this area has been exponential and this trend will almost certainly continue. The real advantage will therefore lie with those CFOs who are agile and consistently embrace change. There needs to be a real desire to stay ahead of the game to succeed.

7.What is the one single best piece of advice you would give to an aspiring future finance leader?

Always back yourself and don’t be afraid to step out of your comfort zone to grasp an opportunity. Every role I have ever taken to date has been slightly out of reach on paper, and yet has shaped me into the CFO I wanted to become.

Thank you for reading the second installment of ‘Leaders Insight’, don’t forget to follow us on Linked Inso you don’t miss the next one.

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