Korn Ferry Leads CEO Search for American College of Cardiology

May 29, 2018 – The American College of Cardiology (ACC) has selected Korn Ferry to work alongside a search committee tasked with selecting its next CEO.

The assignment is underway and is expected to be completed by late summer. Shalom Jacobovitz, who led the organization for five years, left the college in January to head a new biopharmaceutical company.

Leading the search are Thomas Giella, chairman of Korn Ferry’s healthcare services practice, and Lorraine Lavet, sector leader for associations.

The ACC search committee consists of eight member leaders. Working with Korn Ferry, the committee will solicit information from an array of stakeholders, including members of the group’s board of trustees, the board of governors, past-presidents, council chairs, next generation leaders and staff.

“The ACC has a strong mission and vision to guide us in transforming cardiovascular care and improving heart health,” said C. Michael Valentine, ACC’s president. “We are looking for a CEO who shares in the goals of the college and is passionate about working side by side with its staff and members to realize and move forward with our vision and new strategic plan.”

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Founded in 1949, the ACC’s mission is to transform cardiovascular care and to improve heart health. With more than 52,000 members, the group leads in the formation of health policy, standards and guidelines. The non-profit is currently led by interim chief executive officer and executive vice president Cathy Gates.

Healthcare Recruiting

Healthcare is among the most rapidly growing employment fields, according to analysts at Hunt Scanlon Media, which tracks trends in the executive search and leadership solutions space.

The historic challenges confronting the healthcare industry are decidedly collective in nature. According to Korn Ferry, an unprecedented shift from payment models based on volume to those centered on outcomes deeply affects consumers, governments, industry experts and other stakeholders as well as leaders and practitioners within every sector of the healthcare industry across every region of the world.

Korn Ferry’s healthcare services are developed by bundling select capabilities and expertise within its complete set of offerings. From an organizational perspective, the search firm’s offerings encompass strategy execution and organizational design, talent strategy and work design, and rewards and benefits. From a people perspective, the firm’s services include assessment and succession, executive search and recruitment, and leadership development.

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In one of the biggest search assignments in British business this year, Egon Zehnder and Korn Ferry have engaged to support the CEO succession and recruitment process at GlaxoSmithKline by tapping company insider Emma Walmsley as its new CEO. She became the first woman to lead the pharmaceutical giant.

Based in Chicago, Mr. Giella has been with Korn Ferry for 28 years and previously managed the healthcare services practice for 15 years. He has conducted over 800 senior-level assignments in the healthcare services industry working primarily for not-for-profit healthcare companies in the areas of integrated delivery systems, community teaching hospitals, health insurance companies, health/medical associations, academic health centers and other health services delivery companies. Mr. Giella specializes in C-suite placements (specifically CEO, COO, CFO, CMO, CHRO and CIO assignments). Over his career at Korn Ferry, he has completed 60 CEO assignments working closely with boards of directors and search committees.

Ms. Lavet specializes in the recruitment of senior-level executives for trade associations, professional societies and other non-profit organizations. She has spent more than two decades in association leadership positions representing high-tech companies and government contractors before federal and state government bodies in both branches of the government. Prior to joining Korn Ferry, she served as the executive vice president and COO of the American Electronics Association, the nation’s largest high-tech trade organization.

Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; Stephen Sawicki, Managing Editor; and Will Schatz, Managing Editor – Hunt Scanlon Media

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