“Integrating Cultures in a Merger/Acquisition”
Presented by Terry L. Mellendorf
Wednesday, October 15, 2008 (Breakfast Meeting)
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“By most accounts, the M&A failure rate is somewhere between 70 to 80 percent.” — CFO.com
Each company has its unique history, attributes, and ways of doing things - its culture. When a merger or acquisition happens, how do we deal with the differences between organizational cultures? Almost every merger or acquisition faces challenges of potential culture clash. Post-deal integration becomes increasingly essential to the success of capturing the real value of a deal. Yet every year, mergers that otherwise should have been successful, fail to meet their stated goals because of a lack of appreciation for the critical role that culture plays in organizational performance and the challenges in integrating two companies with differing cultures.
In this presentation, Terry Mellendorf will draw on his considerable experience with large and small mergers and acquisitions to explain:
- Why culture matters
- How to assess cultures before a merger and identify potential issues
- Key factors in accelerating the adoption of new cultural norms
- How cultural integration can get derailed
Terry Mellendorf is a former Human Resources executive with over 30 years’ experience in Human Resources management. Until his retirement in June 2006, he served as Vice President, Employee Experience for the Sprint Nextel Corporation. In this capacity, his responsibilities included overseeing corporate-wide activities in the areas of talent acquisition, performance management, employee relations, and the tracking and use of human capital metrics to improve organizational performance and the overall employee experience.
Leading up to, and following the $45 billion merger between Sprint and Nextel Communications, Terry was co-leader of the effort to plan all people aspects of the merger. This included design and staffing of the post-merger organization, integration of all HR systems and processes, and planning for and managing the cultural integration of the two companies. In this role he reported regularly to the executive committee and the Board of Directors on progress with all people aspects of the merger.
Prior to the Sprint Nextel merger, Terry served for 10 years in a variety of senior level HR roles with Nextel Communications where his responsibilities included directing all HR generalist support, payroll administration, HR systems integration, training and development, and compensation and benefits. Before joining Nextel in 1996, Terry served in a variety of senior HR roles with a number of companies in the telecommunications and retail industries.
Terry is a graduate of the University of Steubenville in Steubenville, Ohio and attended the Graduate School of Business at the Ohio State University. He also completed the Strategic Business Leadership program at Georgetown University’s McDonough Graduate School of Business. He is a past member of the American Society of Training and Development and the Society for Human Resources Management.
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This program is pending approval for recertification credit by HRCI. For more information, visit www.hrci.org.
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We’d like to welcome our October Gold Sponsor Northwest Federal Credit Union.
Are you one of the 500 employers who offer their staff Northwest Federal Credit Union (NWFCU)?
If not, arrange this free employee benefit today!
Give your employees a way to get lower loan rates, higher savings rates, and fewer fees with Northwest Federal Credit Union. We’re proud to serve hundreds of local companies and their employees and families. If your company is a member of the Greater Reston Chamber, Dulles Regional Chamber, Vienna Tysons Chamber, or Northern VA Tech Council, you may join immediately. If not, please contact Lisa Como Paulus at lpaulus@nwfcu.org or 703-925-5105 to enroll your company for free. Visit www.nwfcu.org for more information.
Meeting Sponsorship:
If you or your company would like to sponsor a meeting please click here for details.
Our Community Speaker this month is Pearl Johnson, Counselor, Deaf & Hard of Hearing with the Virginia Department of Rehabilitative Services.
SHRM Foundation 50-50 Raffle
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Each month we raise funds for the SHRM Foundation with a 50-50 raffle. Tickets are $1.00 each or 7 for $5.00. The winner gets 50% of the total collected and 50% goes to the Foundation.
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Donation:
Dulles SHRM continues to support the needs of the Embry Rucker Shelter for the homeless in our community. Their highest needs are cash and gift cards to local area stores (like Target) - amounts in $10, $15 or $20.
To Make Reservations:
Register Online:
This method provides the most accurate registration to ensure that we
record your member/guest and contact information and your meal
preferences. If you do not have access to the Internet, you may contact
Judy Carter at (703) 860-2565 or at registration@dullesshrm.org.
THE REGISTRATION DEADLINE IS 5:00PM SUNDAY, OCTOBER 12, 2008. Seating cannot be guaranteed if you are not registered by the deadline. Specialmeals cannot be provided the evening of the meeting.
Avoid the line, pay online!
Meeting Date:
Wednesday, October 15, 2008 (Breakfast Meeting)
Where:
Sheraton Reston Hotel
11810 Sunrise Valley Drive
Reston, VA 20191
Directions:
Registration/Networking: 7:15 - 8:00 a.m.
Breakfast/ Business: 8:00 - 8:30 a.m.
Program: 8:30 - 9:30 p.m.
Door Prizes/ 50-50/ Wrap-Up: 9:30 - 9:40 p.m.
Price:
MEMBERS - $35, NONMEMBERS - $45.
Payment by credit card (VISA, MasterCard, AMEX, Discover) is available online and is our preferred method of payment.
Avoid the line, pay online!
Payment by credit card (VISA, MasterCard, AMEX, Discover), check, or cash is also available at the door.
No shows will be billed unless a cancellation email to registration@dullesshrm.org is received by 5:00 pm Sunday prior to the meeting.
