CTPartners Pushes New CEO Aside, Naming COO to the Post

April 15, 2015 – In an emergency board of directors meeting yesterday, embattled global recruiter CTPartners pushed aside its newly minted chief executive, Sylvain Dhenin, naming chief operating officer, David Nocifora, to the post. Mr. Nocifora has been with CTPartners for nearly 21 years and has held executive level positions with the company since that time, including the position of CFO. Mr. Nocifora’s recent responsibilities have included administration, human resources, information technology, research and field operations. Brian Sullivan, the company’s longtime chief who resigned from CTPartners in disgrace last month is expected to officially step down today. Mr. Dhenin is expected to remain with the company as head of European, Middle East and Asia Pacific operations. CTPartners was rocked by allegations of sexual discrimination bias late last year and its subsequent image problems have translated into mass high-level personnel defections and client departures since that time. Michael Feiner, chairman of CTPartners, said that as the board of directors “evaluated our immediate needs in the chief executive officer position,” it became more apparent that Mr. Nocifora’s operating experience and familiarity with the company’s operations would better serve CTPartners’ more immediate needs. “That’s hogwash,” said one high-level insider preparing to defect to a rival search business later this week. “Naming a European to run a business that took the majority of its revenues from North America was insanity. No one supported that decision internally, that’s why Sylvain lasted but 30 days,” he said. “CTPartners has stumbled about blindly now for four months running,” said HSZ Media founding chairman Scott A. Scanlon. “Frankly, I see no end in sight – just an increasingly steady line of departures.” CTPartners is expected to release its fourth quarter and full year 2014 results later today. Shareholders are eager for the company to begin providing guidance on its first quarter 2015 results.

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