October 28, 2021 – Over the past year, a growing number of transportation companies have enlisted recruiting firms to help them find senior talent. Executive search firm Krauthamer & Associates was recently called in by Trinity Metro to assist in its search for a new president and CEO. Bob Baulsir, who has served as president and CEO of Trinity Metro since April 2019, will retire on Oct. 31, 2021, citing ongoing health issues. Mr. Baulsir had succeeded Paul J. Ballard in 2019 and the Trinity Metro board of directors has named Mr. Ballard to return to the agency on an interim basis to lead until a permanent replacement can be found.
“We are really sorry to see Bob leave the agency, and we are so very grateful for everything he has done for Trinity Metro and public transportation in North Texas,” said Trinity Metro board chairman Jeff Davis. “While we search for a permanent replacement, we are delighted that Paul has agreed to step in and fill the void.” Krauthamer & Associates will be outlining the type of leader the organization is looking for in the coming week.
Executive Recruiters & Talent Leaders
Reveal Market Forecast
The pandemic caused an unprecedented disruption to executive search activity in 2020. Executive recruiters spent the better part of last year resetting expectations in the midst of an unprecedented interruption to their business. But according to recruiting industry leaders interviewed for this report, the search business is turning a significant corner.
We take a critical look back, examine search firm performance, and uncover fresh market opportunities. Leading executive recruiters offer up their viewpoints, and forecasts, for 2021. The good news: optimism reigns. And that means we could be in for one of the biggest growth spurts the executive search sector has enjoyed in years. Here’s our latest thinking. A special thanks to our co-sponsor: N2Growth! Buy your copy today!
Trinity Metro is a transit agency located in and serving the city of Fort Worth, TX, and its suburbs in surrounding Tarrant County, part of the Dallas–Fort Worth metropolitan area. Trinity Metro primarily operates the region’s bus service, and partners with Denton County Transportation Authority to operate express bus service to Denton on the North Texas Xpress (Route 64). The agency is also involved in the operation of two commuter rail lines: TEXRail, a commuter rail service connecting downtown Fort Worth with DFW Airport via Northeast Tarrant County; and Trinity Railway Express (TRE), operated in partnership with Dallas Area Rapid Transit, which offers commuter rail service from downtown Fort Worth to downtown Dallas via DFW.
Krauthamer & Associates has completed over 5000 board and executive searches for a diverse client base across North America, Europe, and Asia, with a heavy focus on four core practice areas – Aviation, aerospace & defense; transportation; private equity; financial & professional services.
Gary Krauthamer, who founded the firm in 1971, has completed more than 2,000 search assignments throughout North America, Europe, and Asia. Over the last 30 years, he has worked extensively within and across the public and private sectors. Mr. Krauthamer has recruited top executives in the global A&D sector, and has built leadership teams for clients like Airbus, Boeing, Bombardier Aerospace, CIT Aerospace, ATR, and the Saab to name a few. In addition, Mr. Krauthamer is a trusted career advisor to some of the most senior executives in the aerospace industry.
“Many of our clients are in aviation and aerospace, so we are watching those industries closely for signs of recovery,” said Mr. Krauthamer. “Business travel will be slower to bounce back, mainly due to the Zoom effect,” Mr. Krauthamer said. “However, you can’t really develop new business relationships over Zoom. According to a recent industry survey, almost 80 percent of corporate travelers will be ready to fly once they are fully vaccinated. Still, with business travel down almost 85 percent from the same time in 2019, no one knows exactly when those scales will tip.”
“Our firm has experienced setbacks before,” he said. “After 9/11, when the entire industry came to a standstill, I personally visited each of our clients to reaffirm our partnership face to face. By November 2001, we were having the best year we’d ever had. In times like these, there really is no substitute for the human connection. From our firm’s perspective, the pandemic has reaffirmed the advantage of having a long-standing and carefully cultivated network, based on thousands of hours of personal relationship-building. These partnerships with our clients are built to weather the worst storms. It takes a lot of time and effort to cultivate a network. Someone who doesn’t have a solid network behind them will be at a significant disadvantage when it comes to recovering post-pandemic.”
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media