Franchise Update Magazine Issue IV, 2013 | Page 8

Grow Market Lead CEO profile: Leading by Example Catherine Monson shows the way at FastSigns By Kerry Pipes I n the eyes of Catherine Monson, the most important role of a CEO is leading and inspiring. “It’s critical for the leader to communicate a clear, compelling vision and align the different departments or teams with the company’s priorities,” says Monson, CEO of FastSigns. “I set the vision, goals, and standards and then work through my team to achieve them.” When Monson took over the 25-yearold brand in early 2009, she put this approach right to work. First on her agenda was clearing up a communication gap between corporate and franchisees. Some franchisees were unhappy with the lack of support they felt they were receiving from corporate, resulting in stalled brand growth. Monson created a sales incentive program and instituted monthly company meetings for sales updates, program developments, company announcements, and praise for departments on their projects and efforts. She even began making regular “Connect with Catherine” calls with the franchise system to provide updates and answer questions. Since implementing these programs, franchisee satisfaction has improved and the company’s growth has picked up. It’s all part of the management and leadership approach for the franchise printing industry veteran. Before arriving at FastSigns, Monson spent more than two decades with Sir Speedy and PIP Printing in numerous leadership positions. She has a history of inspiring, transforming, and growing brands. But perhaps most important is her dedication to leading by example. LEADERSHIP What is your role as CEO? If I had to boil it down to the single most important role, it is to lead and inspire both our corporate franchisor team as well as our 540 franchise partners and their team members. There actually are several additional skill sets I believe are required to be an outstanding leader. The first is vision, the strategic focus. It’s critical for the leader to communicate a clear, compelling vision and align the different deName: Catherine Monson Title: CEO Company: FastSigns International Units: 540 Family: Formerly married with no children. I have several nieces and nephews I enjoy spending time with. Years in franchising: More than 20 Years in current position: 5 in January 6 Franchiseupdate Iss u e IV, 2 0 1 3