Korn Ferry Announces Board Changes
October 4, 2022 – Korn Ferry has elected Charles Harringtonv as a new member to its board of directors and appointed Jerry Leamon as a new non-executive chair. Christina Gold, who has served on the firm’s board since 2014, and most recently as the non-executive chair since 2019, has retired from the board. In addition, George Shaheen retired from the board after more than 12 years of total service, including as non-executive chair from 2012 to 2019.
“We are pleased to have Chuck join our board,” said Gary D. Burnison, CEO of Korn Ferry. “I believe his extensive business experience, technology credentials, and financial acumen will be a great fit for Korn Ferry as we continue our efforts to broaden the scope of our offerings and help companies synchronize their strategy, operations, and talent to drive superior performance.”
“I would also like to recognize Christina and George for their many contributions as board members,” Mr. Burnison said. “On behalf of the rest of the board and Korn Ferry’s stockholders, I thank and congratulate Christina and George for their outstanding years of service. At the same time, we offer our appreciation to Jerry, a longstanding, dedicated board member who will now assume a new role as our non-executive chair.”
Mr. Harrington brings to Korn Ferry’s board extensive experience in strategy development and execution, transformation, operations, and technology development. Over his nearly 40-year career at Parsons Corp., he held increasing roles of responsibility, including 13 years as CEO, 12 years as president, and two years as CFO, EVP, and treasurer. He also has significant public company board and advisory experience.
Korn Ferry is a Los Angeles-headquartered executive recruiter and leadership consultant and the largest globally and in the Americas as ranked by Hunt Scanlon Media. The firm’s 8,600 colleagues serve clients in more than 50 countries.
Recent Growth
Korn Ferry recently acquired Infinity Consulting Solutions (ICS). Terms of the deal were not disclosed. The acquisition is expected to be immediately accretive to Korn Ferry’s adjusted earnings. “Infinity Consulting Solutions will be a great fit, with interim professional placement offerings and expertise that are highly relevant for the new world of work,” said Mr. Burnison. “Today, Boomers are retiring and career nomads are looking for change – early and often. Our clients have entered a new reality where shortages of skilled labor are projected to persist, particularly in high-demand areas such as IT. Korn Ferry’s acquisition of ICS echoes our commitment to scale our solutions and further increase our focus at the intersection of talent and strategy – wherever and however the needs of organizations evolve.”
Related: Korn Ferry Posts 19 Percent First Quarter Fiscal 2023 Revenue Gain
Headquartered in New York, with nine offices throughout the U.S., ICS offers interim professional solutions expertise which will further enhance Korn Ferry’s portfolio. ICS is a provider of senior-level IT interim professional solutions with additional expertise in the areas of compliance and legal, accounting and finance, and human resources.
Korn Ferry also recently acquired interim executive solutions provider Patina Solutions Group. “This combination presents real, tangible opportunity for Korn Ferry and our clients looking for the right talent, who are highly agile, with specialized skills and expertise, to help them drive superior performance, including on an interim basis,” said Mr. Burnison. “Patina offers ideal solutions for today’s nomadic labor market.”
Patina brings to Korn Ferry interim executive solutions expertise across multiple industry verticals. Patina’s network of C-suite, and professional interim talent spans functional areas of expertise including finance, operations, legal, human resources, and IT.
“As part of Korn Ferry, Patina will have even more great solutions to offer our clients,” said Mike Harris, CEO of Patina. “Korn Ferry is a leading global organizational consulting firm, with world-class solutions and we look forward to further bolstering our interim executive solutions with them. We are thrilled to be joining Korn Ferry and excited for the opportunities ahead.”
Related: Korn Ferry Acquires Lucas Group
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media
