DAILY NEWSWIRE - TOP STORIES
Midst Inflation Pressures and Recession Fears, Data Reveals What Skills Will Drive Growth and Mitigate Risk
In its latest report, Business Talent Group reveals how high-end independent talent is helping business leaders pursue growth amid increasing risk, harness advances in data science and technology, and adapt their workforces, processes, and financial practices for an uncertain business environment ahead.
What are the key value-drivers for operating executives when both exit values and resignation rates are at all-time highs?
“New normal” is a phrase encompassing the innovative world of working from home and spending less time in a traditional office setting. Since the...
The global workplace upheaval wrought by COVID-19 has seen employers scramble to play catch-up as the world emerges from the pandemic...
A steady wave of M&A activity is sweeping across the executive recruiting sector
Examine how executive search firms are funding expansion, raising growth capital, seeking PE growth partners, and acquiring rivals to stay competitive in one of the hottest markets in years.
When it comes to business, growing and succeeding requires more than just maintaining the status quo. To do that, you need people who are leaders – not just managers. But aren’t leaders the same thing as managers? In a word, no, says executive search and leadership consulting firm Alder Koten in a new report. “Sure, both
Search firm McDermott + Bull has placed Elizabeth Ramirez as the new chief executive officer of the Chicano Federation in San Diego, CA. The search was completed by McDermott + Bull partner Sue Waterbury. “Elizabeth’s passion and voice for the underserved will serve as a guiding light as the organization seeks to expand its impact and increase the
Hunt Scanlon Media has released its annual rankings of leading executive search firms. In the U.S. and globally, billions of dollars poured into the high-end recruiting sector in 2021, a result of pent-up demand for executives and their key reports.
New York-based retail and consumer focused executive search firm Herbert Mines Associates has named president Brenda Malloy as CEO, effective at the start of 2023. Current chairman and CEO Hal Reiter will remain as chairman. In her new role, Ms. Malloy will be responsible for the strategic growth of the firm. Ms. Malloy is only the third
As executive search firms grapple with the complexities of GDPR, many are concerned that the new regulation will mean deleting thousands of records built up over many years. Surely there must be an alternative?
Executive search consultants are seeing an increase in hiring mandates from around the world. To meet the demand, they continue to develop new practices, hire new recruiters, and open new locations. Global recruiting consortiums, meanwhile, are taking advantage of a resurgence in certain geographic areas. Global executive search consortium IMD International Search Group has opened a new office in
Cyber resiliency is the ability of an organization to enable business acceleration by preparing for, responding to, and recovering from cyber threats. A cyber-resilient organization can adapt to known and unknown crises, threats, adversities, and challenges. The goal of cyber resiliency is to help an organization thrive in the face of adverse conditions, be it
Among 400 active French investment funds, 14 percent are venture capital funds whose role is to finance emerging high-potential start-ups in innovative sectors. The significant increase in unallocated liquidity in recent years means a substantial choice of investors for start-ups looking to raise funds. Thus, VC funds are now focusing on non-financial aspects in order
ON Partners has assisted in the recruitment of Kimberly Anstett as the new chief information officer for Trellix, a cybersecurity company based in San Jose, CA. Partners Andy Hickman and Tim Conti led the assignment. “Kim has a proven record of building high-performing IT organizations,” said Bryan Palma, CEO. “No doubt she will do the same at Trellix while also
Retailers are facing major shifts in their businesses that call for “unprecedented responses” by CEOs who can effectively lead through change, intuitively and analytically understand the evolving consumer, and respond to ambiguity, according to search consultants. Developed markets, excess retail capacity, rising prices, the shift to omni-channel retail and the unpredictable pace of change in
The International Executive Search Federation (IESF) has expanded in Austria with the addition of YBM Partners as its newest member firm. “Our expansion with Austria as the traditional gate to Eastern Europe is in line with the strategy of IESF as a growing international organization to be stronger represented in the emerging markets of Central and Eastern Europe,” the
How do we want to work in the future? Working just to make money and make ends meet is out – the workforce of the future will want more. More flexibility, more meaning, more possibilities. What can you do now to position yourself as a top employer in the future? In a new report, Talentor’s
DHR Global has been enlisted to conduct a chief financial officer search for The Scotts Miracle-Gro Co., a leading lawn and gardens products company. Rob Tillman, managing partner of DHR’s global financial officer practice, is leading the search. “ScottsMiracle-Gro is an iconic company with several highly recognized brands, a unique heritage, and a commitment to win,”
Raleigh, NC-based Collegiate Sports Associates has been called in to conduct the search for the next head football coach at the University of Nebraska. Scott Frost, who had coached the Cornhuskers since 2018, was fired following the team’s loss to Georgia Southern in the third week of the season. The team suffered 31 losses during his
Private equity-backed Kingsley Gate Partners has named Francesca d’Arcangeli as chief operating officer. Based in London, she will be responsible for worldwide operations. “I’m delighted to have Francesca on board as our new chief operating officer,” said Umesh Ramakrishnan, CEO of Kingsley Gate Partners. “Francesca has been responsible for large operations around the globe, speaks multiple languages,
Global search firm H.I. Executive Consulting (HIEC) has named Todd Maners as a partner in the industrial practice and Ken Wilcox as a partner in the consumer and retail practice. Mr. Maners has a background partnering with business leaders to effectively leverage talent to drive organizational transformation. In addition, he also brings deep expertise in spearheading innovative human capital
Many are confused by the difference between executive search and recruitment. The two terms are often used interchangeably, even by the people working within the industry. Although, we could say that recruitment agencies and executive search firms share the same objective – hiring the best possible talent – they do not work the same way,
Radnor, PA-based executive search firm Salveson Stetson Group has assisted in the recruitment of Josette Jean-Francois as the new senior director of talent and learning at B. Braun Medical Inc. (U.S.), a leader in infusion therapy and pain management that develops, manufactures, and markets innovative medical products and services to the healthcare industry. “We recently had the honor of
Non-profit recruitment firm m/Oppenheim Executive Search has been enlisted to find the next president and chief executive officer for the American Foundation for the Blind (AFB) in Arlington, VA. Leading the assignment are Lee Kappelman, Oscar Quiros, and Mark Oppenheim. The new leader will be charged with ensuring that AFB’s fiscal, operations, marketing and communications, human
Longship Group, a workforce consulting and solutions firm, has acquired Lawton Group, a healthcare and office/professional recruiting firm based in San Diego, CA. Financial terms of the deal were not disclosed. The new leader of the Lawton Group’s operations will be Katherine Sullivan of Longship Group’s healthcare division. “With Lawton Group’s prior 35-plus years of outstanding
London-based executive search firm Leathwaite recently expanded with the addition of Heather Barnes as a partner. “We are absolutely thrilled that Heather has chosen to join Leathwaite,” said Richard Buckingham, lead global technology partner. “We have long admired Heather’s impact, presence, and reputation in the technology, digital, and data market, and we look forward to integrating her
Private equity’s impact on the global economy is growing every year. The sector has become a financial behemoth worth as much as $7 trillion dollars globally, according to a McKinsey report — and, as a result, an important direct employer of millions of people worldwide. Like other recruiters that work with PE firms and their
A recent trend to emerge among Russell Reynolds Associates’ private capital clients is an increased willingness to make a creative chief financial officer hire. While the firm has seen the emergence of preferred archetypes for private equity and venture capital CFOs, there is also greater appetite to test the norm. To better understand the CFO
A number of universities have recently turned to search firms to find new chief human resources officers. Academic Career & Executive Search (ACES) has been called in by Boise State University to lead its search for a CHRO. Reporting directly to the president, the CHRO is a senior member of Boise State’s leadership team, responsible
Mercedes Chatfield-Taylor, co-founder of Artico Search, recently recruited Alexandra K. Moore as the founding managing director of a new investment company, Night Capital, which was recently launched by The Chernin Group (TCG) and digital talent-management and media firm Night Inc. In addition, TCG has invested an undisclosed sum in Night to “further accelerate Night’s growth as the
San Francisco-based Gaia Human Capital Consultants has recently placed three key sustainability leaders for three clients, NYSERDA (the New York State Energy Research and Development Authority), A.O. Smith Corp., and Sabert Corp. Dawn Dzurilla, founder and managing partner, and Zoë Van Schyndel, partner, led the assignments for the search firm. At NYSERDA, which promotes energy
Humans are inherently biased – it’s how our survival instincts enable us to make faster decisions. Thus, we make a majority of choices based on beliefs, biases, and gut instincts, rather than data, facts, and logic, according to a report from Morgan Samuels Company. While biases themselves aren’t good or bad, they can result in
ON Partners has assisted in the recruitment of Dolly DeNyse as chief revenue officer of Arbolus, a London-based knowledge-sharing platform. Partner Seth Harris led the assignment. “Dolly is such an exciting hire for us at the perfect time,” said Sam Glasswell, CEO. “Arbolus has evolved from its roots of improving the user experience in the expert network industry, towards a
Pasadena, CA-based search firm Envision Consulting recently placed Norayma Cabot as the new chief executive officer of A Place Called Home (APCH), a non-profit that provides a safe, nurturing environment and a variety of programs for young people in South Central Los Angeles. She assumes the role effective next Monday. Ms. Cabot joins the organization from the Los
Recruiting for board of directors roles, considered by many to be the very backbones of organizations, has grown markedly more challenging in recent years, say recruiters who conduct searches in that area. As a result, companies continue to turn to executive search firms to help find new board members. Diversified Search Group (DSG), a leading search firm
The risk of cybercrime to organizations of all sizes is escalating, with significant costs, and can no longer be ignored by business leaders. The Russian invasion of Ukraine, experts predict, will soon reach far beyond that country’s borders, and affect us far more than at the gas pump. The Department of Homeland Security is warning
London-headquartered executive search firm The Omerta Group (TOG) has expanded its operations in the U.S. with the recent acquisition of New York-based recruiting firm Gollin Associates, which is led by Deborah Gollin. Financial details of the deal were not disclosed. Ms. Gollin will serve as co-head of the search outfit’s U.S. practice alongside Michael Stover,
Rounding out a year of explosive U.S. growth, global search firm Odgers Berndtson has added two more new partners. Longtime search professional Russell Boyle joins the firm as a partner and co-leader of the firm’s CFO practice in the U.S., while Evan McClure signs on as a partner in the life sciences and healthcare practices. “Russell
The Lancer Group, a La Jolla, CA-headquartered executive search firm, recently placed John Pence as chief financial officer of Beneplace, a leading provider of voluntary benefits to Fortune 1000 companies and government institutions. The assignment was led by Scott Dunklee, partner; Dashan Subramaniam, consultant; and Liliana Corona, who is in charge of marketing and business
Renovata, a global executive search firm with offices in London, New York, Berlin and Stockholm, has placed Vikas Seth as chief product officer of IDnow in Munich. Partner Thomas Jepsen led the assignment. “We are delighted to continue building out the senior team at IDnow as it gains momentum as the leader in identity automation,” said Mr.
Executive search consultants are seeing an increase in hiring mandates from around the world. To meet demand, they continue to develop new practices, hire new recruiters and open new locations. Global recruiting consortiums, meanwhile, are taking advantage of a resurgence in certain geographic areas. One such group, Talentor International, has added Scottish search specialist Denholm Associates as
U.S. employers are expecting hiring to pick up in the first quarter of 2019, with 23 percent of employers planning to add staff, according to the latest “Employment Outlook Survey,” released today by ManpowerGroup. Employers in all U.S. regions and industry sectors said they are looking for headcount to grow. The upbeat forecast indicates that the uncertain
As the college football season comes to a close for teams not competing in the postseason, expect to see a lot of firing and hiring activity involving coaches. Schools are expected to continue to turn to search firms to fill the resulting vacancies. Glenn Sugiyama, managing partner and global sports practice leader at DHR International,
Envision Consulting has been selected to find the next executive director for Jay Nolan Community Services (JNCS), a Mission Hills, CA-based non-profit which provides support services to those with autism and other developmental disabilities. JNCS’ current leader, Jeff Strully, is retiring effective Dec. 31, after 25 years with the organization. The Pasadena, CA-based search firm
Boyden continues to expand and add talent across several global regions. The firm recently named Chuck Pembroke as a partner in Chicago. Mr. Pembroke joins Boyden with a track record in consulting and executive leadership spanning general management, strategic planning, commercial, innovation and M&A roles. His work in executive search includes the placement of senior executives
Executive search consortium Signium has opened a new office in Rio de Janeiro. It becomes the organization’s second office in the region, joining its location in São Paulo “It was a great experience to be in Brazil at an exciting time as their national election concluded,” said Alastair Paton, chairman. “We are incredibly proud of the speed with
Gannett Co. has initiated a succession process to find a successor to president and CEO Robert Dickey, who recently informed its board of directors that he intends to retire. The company has engaged Egon Zehnder to assist in evaluating both internal and external candidates for the role. “Succession planning is one of a board’s greatest
Greensboro, NC-based executive search firm Charles Aris Inc. recently expanded its professional services offering with the addition of Lucas Durr to its finance and accounting recruiting practice. Teaming with Jim Etling, who leads the firm’s recruitment services in finance and accounting and serves as its primary practice leader in private equity, Mr. Durr will identify and recruit leaders
This is the time of year that most people start thinking about what to give and do for others during the holidays. For business leaders, it is the season of year-end financials, annual evaluations and budget approvals, holiday parties and winter break. It is also a time to reflect on the year that is coming to a
Executive recruiters are in hot pursuit of chief human resources officers and other senior-level HR leaders across the nation. The best HR chiefs are seen as integral strategic advisors to the C-suite, and the ones in demand are those who are sounding boards for CEOs, report recruiters focused on the space. Why is there such
Stanton Chase International has continued its recent expansion with the opening of a new office in Perth, Australia, led by directors Tony Taylor and Greg Preston. They bring a combined 55 years of executive search and business experience in the industries most relevant to the region. The expansion into the Western Australian market represents an important
Employers added 155,000 jobs last month as the U.S. unemployment rate was unchanged at 3.7 percent, according to the most recent U.S. Bureau of Labor Statistics report released this morning. Wall Street analysts had expected an increase of about 190,000. The November gain is the 97th consecutive month of job growth. The number of unemployed people stands at
Executive recruitment firm Ventura Partners has been chosen to lead the search for Kansas State University’s next football coach. This week, Bill Snyder, the winningest coach in the school’s history, announced his retirement after 27 seasons, and one previous retirement. Partner Chad Chatlos will spearhead the nationwide search for Ventura Partners. Mr. Snyder, 79, leaves
Executive search firm Harvey Hohauser & Associates (HH&A) has placed Mariam Iskandarani as the new CFO of Tweddle Group in Clinton Township, MI. “We’re entering an exciting phase of growth at Tweddle Group, so we were determined to find the ideal person for the role of CFO,” said Brian Suszek, CEO of the firm. “Once we met with Mariam, the
Randstad Sourceright has unveiled the latest evolution of its managed service provider (MSP) offerings aimed at helping organizations manage today’s complex contingent workforce. The new model, called “MSP Ahead,” is based on the company’s “Step>Edge>Ahead” contingent talent consulting framework. It provides an advanced contingent workforce management solution that combines human cloud platforms, talent community technologies, supply chain management,
Executive search consultants are seeing an increase in hiring mandates from around the world. To meet demand, they continue to develop new practices, hire new recruiters and open new locations. Global recruiting organizations, meanwhile, are taking advantage of a resurgence in certain geographic areas. Friisberg & Partners International recently added Brazilian executive search firm Business Partners Consulting as its
The Human Capital Group recently appointed Alex Petrini as the firm’s new marketing manager. Ms. Petrini is an experienced marketing manager with a demonstrated history of working in the staffing and recruiting industry. She began her career at OneWire, a recruiting technology platform for the financial services industry. Starting as an intern, she worked her
Korn Ferry (NYSE:KFY) has posted second quarter fiscal revenues of $495.2 million, an 11.8 percent increase from $443 million a year ago. The increase was driven by organic growth in all segments. The Los Angeles-headquartered executive recruiter and leadership consultant – the largest in the Americas as ranked by Hunt Scanlon Media – recorded diluted earnings per share was $0.81 and Adjusted
Global executive search firm Coulter Partners has placed Armin Winands as the new CEO of Biogazelle, specialists in liquid biopsies and non-coding RNA. He succeeds co-founder Jan Hellemans, who will take on the position of chief technology officer after 10 years as CEO. Director Irene Montgomery led the assignment for Coulter Partners. Mr. Winands is a highly
Aspen Leadership Group, an executive search firm that specializes in recruiting top talent for philanthropic organizations, has been enlisted to find a chief development officer for the Denver Zoological Foundation (Denver Zoo) in Colorado. The CDO will be charged with providing strategic and tactical leadership on all Denver Zoo fundraising, said the search firm, also
IRC Germany (Friedrichs & Partner) has expanded, opening a new office in Hamburg and bringing aboard Susanne Wagner as executive director for that location. This in the firm’s third office in Germany, along with Dusseldorf and Stuttgart. “With more than 16 years of executive search experience in Germany and internationally, Susanne fits in perfectly into
If you were brave enough to go to the grocery store this past Thanksgiving or head out shopping on Black Friday, you’re familiar with how quickly items fly off the shelves when demand is high. Today, with the unemployment rate sitting at 3.7 percent, employers face a similarly frenzied marketplace when it comes to hiring top for-profit
Executive search, leadership consulting and culture shaping services provider Heidrick & Struggles International has named Sarah Payne as its new chief human resources officer (CHRO). Rick Greene, Heidrick’s current CHRO, will move into the Heidrick Consulting business as a partner. Both leadership changes will become effective on Jan.1. Ms. Payne had served as vice president of human resources, global executive
The Pasadena (CA) Humane Society & SPCA (PHS) has retained Noetic Search in Chicago to conduct a nationwide hunt to find its next president and CEO. The opening follows the recent resignation of Julie Bank, who led the organization for the past two years. Ruthie Hughes, the humane society’s vice president of administration, is filling the
Overall, the travel and hospitality market is estimated to have an economic impact of $6.5 trillion worldwide this year. In the U.S. alone, the $1.5 trillion industry accounts for nearly eight million jobs – more than five percent of the total jobs nationwide. This has created a massive uptick of hiring within the travel sector.
Executive search firm StevenDouglas is continuing its recent expansion with the opening an office in New York’s Westchester County to service client demand both locally and in the Northeast. The firm appointed Don Zinn as VP of executive search and leader of the location. This marks the 15th StevenDouglas office opened in the U.S., and the fifth
According to a just-released report from Boyden, 63 percent of C-suite and executive participants in German-speaking Europe, 75 percent in the Nordic region and 86 percent in Southern Europe report that access to top management roles is more difficult for women than for men. No surprise there. In the U.K., however, only 38.5 percent of participants see