October 9, 2015 – Executive search firm Extract Talent has been launched by veteran recruiter Nancy Newman. The firm, whose clients range from Fortune 100 companies to startups, concentrates in the downstream sector of the oil, gas, chemicals, and catalysts industries.
The firm’s executive team includes Suzanne Kochevar, the founder and president of En-visioneering Incorporated, which is dedicated to identifying and strengthening the linkage of organizational vision, organizational culture, and organizational conversations. She recently completed 10 years as a group chair for Vistage International, an organization that is dedicated to increasing the effectiveness and enhancing the lives of business executives and leaders.
Also on Extract Talent’s executive team is Pam Hamilton, who has served as a training specialist for Cornerstone of Care. The staff is rounded out by marketing specialists Monica Dick and Maddy Mewhinney.
“As executive search and talent specialists in the oil, gas, chemicals & catalysts industry we offer unique recruiting access to the technical talent that our companies must acquire to succeed in this highly competitive talent marketplace,” said Ms. Newman, who holds the title of president and CEO.
Ms. Newman has 20 years of experience as a leadership consultant and talent acquisition specialist in the downstream sector of oil & gas. Previously, she served as director – executive search & leadership consulting downstream oil & gas at executive search firm Key Corporate Services, LLC. Prior to that, she gained search experience as an associate consultant at executive leadership development firm JMW Consultants and a senior associate at The Lucas Group. Ms. Newman also served as an on-site leadership consultant at the BP Texas Refinery from 2005 to 2007.
According to Extract Talent there is a ‘demographic crisis’ in the oil & gas market due to the eight year industry reaction to the 1980 to 1988 oil crash. Leadership talent and key expertise have been retiring in record numbers, leaving a decade generation gap and few qualified candidates to fill these positions. The firms reports that 19 percent of industry positions in 2016 will need to be filled and 61 percent of executives in the oil & gas industry are facing retirement.
Other recent activity in this industry saw U.K.-based oil and gas recruiting specialists Orion Group launching a new specialist search business: One Executive. The new offering focuses on technical and non-technical executive level roles, primarily within the energy sectors.
“As the oil and gas sector navigates its way through a difficult period, the industry needs to think about its staffing, carefully ensuring they have the right executive leadership teams to steer their businesses in the right direction,” said Mark Ingram, chief operating officer U.K. and Europe at Orion Group.
Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media