Argentina’s economy has faced difficult years: hyperinflation, political instability, and the withdrawal of many European companies from the market. However, the third-largest economy in Latin America is now showing the first signs of recovery: in the first quarter of 2024, a budget surplus was achieved for the first time in years, and in April, inflation rose month-on-month by “only” a single-digit percentage for the first time.
Some mid-sized companies now see an opportunity to invest in Argentina again after many European firms withdrew in recent years. This presents real potential—especially as competition from Asia remains limited so far.
We recently supported a successful German mid-sized company (3,000 employees) in effectively filling a managing director position in Buenos Aires. The key to success was the client’s strong understanding of sales channels and corporate strategy, and the translation of this knowledge into an effective search strategy.
The search was supported by local managers from leading European companies within our network—contacts we know from previous search projects and consistently involve as insiders and multipliers in international mandates. In addition to a thorough preselection of suitable managers, professional direct search and close guidance throughout the entire process were, as always, decisive success factors.
The selected candidate is a manager from a listed German company who speaks excellent English and has already demonstrated an ability to generate growth even in challenging environments. Due to the still high inflation, the salary will be paid in US dollars.
By the way: We also have project experience across Latin America, including Brazil, Mexico, Colombia, Chile and Peru.