DAILY NEWSWIRE - TOP STORIES
The U.S. economy contracted at the sharpest rate on record this past week, affirming fears that the pandemic and measures to contain it drove a historic plunge in business and consumer activity. Initial unemployment claims now stand at a mind-blowing 55 million since COVID-19-induced business shutdowns and subsequent layoffs began in mid-March, pointing to a stalling jobs market. Talent experts from Williams Executive Search and Rowe Global share their views!
In these unprecedented times, people are stressed, confused, worried, perplexed and in various stages of emotional overload while the daily influx of troubling news continues.
The COVID-19 outbreak is making its way through the business world and costing organizations billions of dollars in lost revenue.
Americans displaced by the coronavirus crisis filed unemployment claims in historic numbers, with the Labor Department reporting Thursday a surge to 3.28 million.
Global leadership advisory and executive search firm Sheffield Haworth has partnered with recruitment IT specialist Nasstar. Through the alliance, Nasstar will provide global support for Sheffield Haworth’s 11 international offices and is also working with the firm to enhance existing systems in order to support its growth ambitions. Nasstar will deliver 24/7 global support to the firm as
Chief financial officers continue to be in high demand. Finding them is keeping many of the nation’s top recruitment operations busier than ever. In recent months, search firms of all varieties have placed CFOs at various companies, especially private equity-backed and healthcare outfits. Just recently, Rich Perkey and Gina Barge of Toronto-headquartered Caldwell recruited former Geller &
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Hudson Global Inc. / (NASDAQ:HSON) posted first quarter of $24.6 million, down seven percent from a year ago. This surpassed the Zacks consensus estimate by 6.84 percent. By region, Hudson Asia Pacific was up 14 percent, while the Americas and Europe were down 44 percent and 27 percent, respectively. The Old Greenwich, Conn.-based recruiting firm posted a net loss of $0.8 million, or
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?
Global executive search consortium Agilium Worldwide has added Michael Stevens Consulting in Lagos, Nigeria, as a member of the international network. Led by Francis Kudayah, Michael Stevens Consulting is an international multi-disciplinary company and has extensive activities in executive search and selection as well as other human capital consulting services. It provides expert advice in the fields of multi-disciplinary management,
A bad hire can be the most expensive mistake a business could make. A bad hire at the senior level, in particular, can wreak havoc on a business’ reputation, among other hard-to-fix problems. “What can be costlier than a faulty product or poor budgeting is the price of repeatedly hiring underqualified, short-term employees,” says the
Chief financial officers continue to be in high demand. Finding them is keeping many of the nation’s top recruitment operations busier than ever. B.E. Smith, a healthcare-focused executive search firm, was recently called in by non-profit Alaska Native Tribal Health Consortium (ANTHC) to lead its search a new CFO. Ann Terry is heading the assignment. The CFO provides strategic
Minneapolis-based CohenTaylor Executive Search has placed Daniel Gumnit as the new chief executive officer of the Children’s Cancer Research Fund (CCRF). He succeeds John Hallberg, who retired in July. “Daniel has exceptional experience as a leader and true passion for the vital role of science and medical research in our communities,” said Michelle Johnson, board chairperson. “He is the right person
Haddonfield, NJ-based executive recruitment firm True Search has launched an edtech practice to support the rapidly evolving world of technology-supported education. Having worked with numerous global companies, True has developed deep experience in the space and a talent network of executives who understand what’s needed to keep edtech moving forward. From VC-backed start-ups to established organizations, True has
Jobplex, the Chicago-based partner company of DHR International, has expanded with the additions of Frank Morogiello as a managing partner in the firm’s industrial and consumer practice groups; Renato Amador as a partner in its advanced technology, HR and non-profit practice groups; and Jacob Humbert as partner in the business and professional services practice group. Mr. Morogiello, who is based in Joblex’s Dallas office, has a primary focus on the aviation and
Diversity hiring and recruiting is accelerating in importance and is an expanding focus for many organizations. Diverse organizations have many benefits in terms of perspectives, talent and culture, according to Steven Landberg, managing director of Claymore Partners, in a new report. But what does diversity mean for an organization and recruiting? “In my experience, it varies
Doug Johnson of Roanoke, VA-based executive search firm Valor Partners has placed former Datastax executive Jenna Connell as head of talent acquisition for analytics company Starburst Data in Boston. Mr. Johnson said that his client wasn’t necessarily looking for someone with Ms. Connell’s qualifications to fill the role. “They were looking for someone at a
Hyatt-Fennell Executive Search has been chosen by Emory & Henry College in Emory, VA to find a founding dean for its new school of nursing. Reporting to the vice president for health sciences, the dean of nursing will be charged with creating and fostering a collegial and collaborative environment that promotes innovation and excellence in
In the world of mobility, organizations that develop and produce automotive vehicles, components and related technologies that move people, goods and materials face unprecedented competition from established players and new entrants. Accelerating electrification of vehicles, autonomous vehicle innovation and entirely new value propositions centered on connectivity require that organizations rethink their approach to leadership and
Five independent recruitment firms joined member-owned recruitment network NPAworldwide in recent months. These search outfits seek to increase revenue through NPAworldwide’s cooperative placement model. NPA now has 550 member offices across six continents. “Congratulations to each of our new members,” said Dave Nerz, president of NPAworldwide. “By joining the network, these recruitment firms have the ability to
As health systems recover from the COVID-19 pandemic, they face an ever-worsening provider shortage. Last year, the Association of American Medical Colleges predicted the U.S. would see a shortfall of up to 122,000 physicians by 2032. Now, lost revenue due to the pandemic has caused many hospitals to furlough employees and slowed, or completely delayed, recruitment efforts,
The hunt for university leadership continues to remain strong, especially with searches for provosts. Sarah John, co-managing partner of Perrett Laver, recently placed David Isaac as the new provost for Worcester College University of Oxford. Mr. Isaac’s experience and expertise proved to be the perfect fit as the college steps up its commitment to equality,
Phillips Dipisa Seeking Medical Officers for St. Mary Medical Center and Milford Regional Medical Center
Phillips, DiPisa & Associates, an executive search firm serving the healthcare and life sciences sectors, has been enlisted to find chief medical officers for both St. Mary Medical Center in Langhorne, PA and Milford Regional Medical Center in Milford, MA. Consultants Stephanie Odorisio Arriviello and Erika Warren are leading the assignments, respectively. St. Mary Medical
Mahwah, NJ-based Right Executive Search (RES) is now offering a new, low-cost resource for women returning to work after years of family leave. On Her Way Back is a new e-book to help “returners” navigate today’s job-search process, co-authored by Elisa Sheftic, president and managing partner of RES, and Melanie Donus, vice president of diversity
Solon, OH-based Direct Recruiters Inc. (DRI) has named Kasey Fahey Kaiser and Josh Olgin as partners. “Both have been dedicated, top-performing members of our team, and have exemplified our core values throughout their years at DRI,” the firm said. Ms. Fahey Kaiser began at DRI over seven years ago and has played an integral role in the success of the
Thomas Christopher, Pam Noble and Matthew Duda of The Christopher Group have been enlisted by HarperCollins Publishers to find a VP of diversity, equity and inclusion. “The Christopher Group is honored to be partnering with one of the top publishing companies as they look to build and embrace all aspects of their growing business,” said Ms.
EFL Associates Seeks Executive Director for City of Manchester (NH) Employees’ Contributory Retirement System
Executive search firm EFL Associates has been selected to find the next executive director for the City of Manchester (NH) Employees’ Contributory Retirement System (MECRS). Leading the assignment is Daniel J. Cummings, senior vice president and managing director. The executive director, who serves as chief executive officer, is responsible for directing the comprehensive administration of all
Greenbrae, CA-based Cook Silverman Search has been selected by SAVE (Safe Alternatives to Violent Environments) to lead its search for a new executive director. Victoria L. Silverman, co-founder of Cook Silverman, is heading the assignment. The executive director works to achieve SAVE’s mission and ensure the organization’s continuing presence as a leader in the domestic violence movement,
Korn Ferry has joined the SAP PartnerEdge program. As organizations seek to compete, thrive and even just survive in today’s disruptive environment, Korn Ferry will collaborate with SAP to improve how organizations develop, engage, motivate and inspire their workforces. It is another recent move by the world’s largest search firm to move further beyond its
Robert Half International Inc./(NYSE:RHI) posted second quarter revenues of $1.11 billion, down 27 percent from the same period a year ago, missing the consensus mark by 1.6 percent. The Menlo Park, CA-based recruiting company recorded net income of $46 million, or $.41 per share, compared to the prior year’s second quarter earnings of $224 million, or $1.91 per share.
As COVID-19 cases continue to climb across the U.S., the Labor Department reported this morning that 1.43 million more Americans filed new claims for state unemployment benefits last week, the 19th week in a row that the figure has risen to well over one million. Economists polled by Dow Jones expected initial claims to rise by
The role of chief diversity officer is expanding at universities across the country. It has, in fact, become one of the most important positions for shaping the vision, culture and very face of institutions of higher learning from coast to coast. Pandemic or not, higher educational institutions need talent and these roles are now seen
As the COVID-19 pandemic continues to strain the financial services industry, one executive search firm that focuses on the sector sees an opportunity. Hong Kong-headquartered Global Sage has launched a major expansion of its North American executive search practice with the hiring of a new partner in Boston and the opening of an office in Los
Non-profit recruitment firm m/Oppenheim Executive Search has been selected to find the next president and CEO of the United Way of Anchorage. Founder Mark Oppenheim and principal Patrick Salazar are leading the assignment for the San Francisco-based search firm. The non-profit’s board “seeks a CEO to drive shared and measurable goals that strengthen civil society, and
U.S. employers expect the hiring pace to remain steady into the first 90 days of 2020 though regional and industry forecasts are mixed, according to the latest “Employment Outlook Survey,” released today by ManpowerGroup. Employers in all U.S. regions and industry sectors said they were expecting headcount to grow. This is the eighth consecutive year of
ZRG Partners has entered into an agreement to acquire certain assets of Pyramid International, a 10-year old executive search firm located in Lausanne, Switzerland. As part of the asset acquisition agreement, AJ Ravenhorst, the firm’s CEO, will join ZRG as a managing director and a member of the firm’s global life science practice. The transaction
New York-based Work&Partners LLC has been retained by Clarity Solution Group to identify a new chief marketing officer. Alan J. Work is leading the search on behalf of Work&Partners. “I am very excited to work with Tom Thimot and his leadership team on this critical hire,” said Mr. Work. “Clarity is poised to make a significant impact on
Executive search firm TD Madison & Associates has recruited Chris Bastian as the senior vice president and chief technology officer of the Society of Cable Telecommunications Engineers (SCTE). After an extensive search into the cable and telecommunications technology industries across the country, TD Madison and SCTE determined that Mr. Bastian, a leader in the cable industry, was the ideal
Tatum, an interim services and executive search firm, has added Paul Kruglik as office managing partner for its Pacific Northwest practice. Based in Seattle, he is responsible for leading Tatum’s practice in the region. Mr. Kruglik served as managing director for a professional services firm in the Seattle area. In this capacity, he was responsible for
A majority of America’s hiring managers and corporate recruiters expect to increase hiring in the next six months, according to the annual hiring survey by DHI Group, Inc., a provider of career data and insights for specialized professional communities. The latest survey found 61 percent of respondents in the U.S. anticipate more hiring in the first
Spencer Stuart has recruited Drew Green as chief executive officer of Indochino. Co-founder and outgoing CEO, Kyle Vucko, will continue as a strategic advisor to the company. A high-growth management veteran and iconic Internet entrepreneur, Mr. Green has spent his entire career connecting online audiences with retailers through advertising technology, e-commerce and marketplace platforms in the U.S.,
Caldwell Partners has expanded into the Australia/New Zealand market by forming a strategic partnership with Simon Monks, Nick Scarlett and their teams, based out of Auckland, New Zealand. Under the affiliation agreement, the team in New Zealand will operate exclusively under the Caldwell Partners brand and will have access to Caldwell Partners’ proprietary search methodology, processes, training and certain other intellectual property.
Executive search firm Hunt Partners has invested an undisclosed amount in Feelance Consulting, a yet-to-launch online marketplace that will connect users with part-time resources for consulting projects. Feelance will use the money raised to scale up operations and expand geographically, said co-founder Harshdeep Rapal. The company expects to launch next month. “There is an emerging trend where
Executive search firm Teri Black and Company has been retained by the City of Santa Monica to lead its search for a new fire chief. Michael Earl, the city’s human resources manager, said the highest annual salary being considered for a new chief is $271,572, or a four percent increase over the yearly salary earned by former fire
Continued optimism ranks high among U.S. employers as they enter 2016, according to the latest Manpower Employment Outlook Survey. Taking into account seasonal variations, the company’s Net Employment Outlook is +17 percent, making anticipated hiring in the first quarter of 2016 highly stable compared to fourth quarter 2015 and last year at this time. This represents
Egon Zehnder has assisted Warren Resources in its appointment of James. A. Watt as president and chief executive officer. Lance Peterson has been serving as the company’s interim CEO. Past CEO Philip A. Epstein resigned from his position this past December to pursue other opportunities. Most recently, Mr. Watt was president, CEO and director at Dune Energy Inc., which
Executive search firm 3P Consultants Pvt. Ltd has recruited Anil Nawal as chief financial officer of Excel Crop Care Ltd. He replaces outgoing CFO K. Srinivasan. With 26 years of financial experience, Mr. Nawal most recently served as CFO of GHARDA CHEMICALS LTD and prior to that served in the same role with Ciba Group Company. Excel Crop Care Limited is
Search firm BIE Executive has added Chris Wilson as director of business transformation and technology and Danny Vanner as a consultant. The firm says the hires are in a response to the growing demands of the market. Mr. Wilson was most recently an international director at DHR International and before that was with CTPartners. He started his career in
AETHOS Consulting Group has added Paige Brewer and Derek Walker to its global consulting team. Ms. Brewer is a human resources executive with an extensive background in a variety of industries including hospitality, consumer goods, media, financial services and non-profit organizations. With AETHOS, she leads teams around the world to deliver compensation management solutions to clients. She creates, communicates, implements and can assist with
The labor market grew at a healthy pace in November as employers added 211,000 jobs and the U.S. unemployment rate remained at five percent, according to the most recent U.S. Bureau of Labor Statistics report. Currently there are 7.9 million people unemployed in the U.S. These numbers topped analyst expectations and may have turned the final key
Executive recruiter Eastman & Beaudine has been selected by Rutgers University to lead its search for a head football coach. The firm will search for candidates to replace Kyle Flood, who was fired after the team went 4-8 in a season marred by scandals off the field, including the arrests of several players. In finding its next head coach, athletic director
London-based Wilton & Bain has expanded its leadership team with the addition of David Burton as partner, professional & technology services. He will help drive strategic growth and also take a lead role in developing the firm’s executive search business, where his initial focus will be to help expand the global professional and IT services practice. Mr. Burton has
Network of Victim Assistance has retained Leadership Recruiters to lead its search for a new executive director. After 25 years of leadership, Barbara P. Clark is preparing to step down in 2016 from her post. Marion Hodges Biglan is leading the search. Founded in 1974, Network of Victim Assistance supports, counsels and empowers victims of sexual assault and other serious
Executive Search Partners, a search firm specializing in information technology and finance recruiting, has appointed Vishakha Radia as a partner based in southeast Michigan. Ms. Radia is an experienced IT and business executive with over 30 years of leadership experience in building high performing teams in IT, consulting and services. She has a track record of driving aligned ‘digital age’
Executive search firm Hanold Associates has been selected by the Ultimate Fighting Championship (UFC) organization to lead its search for a new chief human resources officer (CHRO). The position will be based at UFC headquarters in Las Vegas. CEO Jason Hanold and partner Michael Leming are leading the search. Mr. Leming recently joined forces with Hanold Associates from
ZRG Partners has added David Kinley as managing director in its new Toronto office. He will support the firm’s growing private equity-backed recruiting practice where he has extensive experience in technology company search assignments. He will further build out ZRG’s capabilities in Canada. Mr. Kinley brings 20 years of senior level search experience to this new
Caldwell Partners has placed Michael Reed as senior vice president and chief financial officer of ASRC Energy Services LLC. Jim Bethmann, managing partner and co-leader of the firm’s TMT & IT services and information security practices, led the search. Mr. Bethmann focuses on recruiting board directors and C-suite executives in software, IT services, cloud/outsourcing, internet/media, telecommunications, hardware/systems and
Atlanta-based executive search firm Pinnacle Search Partners, LLC, has been acquired by veteran business leader William Creekmuir, who has served in a leadership role with the firm since January. With more than 35 years of experience, Mr. Creekmuir brings a depth of knowledge to Pinnacle. As executive vice president and CFO of Atlanta-based Simmons Bedding Company,
IRC Global Executive Search Partners (IRC) has continued to grow its roster of member firms in the Asia Pacific region with the addition of CnetG Asia, an executive search firm in Malaysia and Thailand represented by founding partners Manish Mehta and Raj Kumar. “With our expansion into Thailand and Malaysia we are able to serve our clients better
With five generations expected to be all in one workplace, the workforce of the future will look much different than it does today — and HR leaders are doing a number of things to prepare, according to research from Aon Hewitt. Aon Hewitt’s study captured insights from just 45 CHROs at leading global organizations, but the results
Shutterfly has selected Spencer Stuart to lead its search for a new chief executive officer. Current president and CEO Jeffrey Housenbold said he will step down in February after more than a decade in the company’s top post to pursue other interests. “Over the next few months, I am committed to helping ensure a smooth transition, assisting the board in finding
Executive recruiters Calibre One has placed Aaron Batalion, LivingSocial co-founder and former chief technology officer, as a venture partner of Lightspeed Venture Partners. He will focus on consumer investments for the firm. Lightspeed was an investor in LivingSocial, which was one of the first Silicon Valley tech companies to raise $1 billion. Lightspeed partner Jeremy Liew is currently a board member
Boyden has opened a new office in Nairobi, further expanding its presence to a third region in Africa. The firm has appointed Farah Samanani as managing partner to lead its East Africa operations, serving Kenya, Tanzania, Uganda and Ethiopia. Boyden East Africa service offerings cover a number of high growth sectors, including financial services, real estate, life
Executive search firm Bespoke Partners has added Adam Szepkouski as a principal. Bringing more than five years consulting experience to his new role, Mr. Szepkouski will play a critical role helping the firm expand. He will be responsible for executing C-level searches for the firm’s new and existing clients as well as internal lifecycle process enhancement and whitepaper development. Prior
While many companies are performing some form of succession planning for their CEO posts, most are not doing enough to ensure a successful transition, according to a new report, ‘2015 CEO Succession Planning Survey,’ conducted by consulting firm AlixPartners and executive search firm Vardis. The study involved more than 100 senior level executives, including C-suite professionals, board members
Korn Ferry yesterday formally completed its acquisition of Hay Group. Under terms of the acquisition agreement, Korn Ferry acquired Hay Group for $452 million, consisting of approximately $252 million in cash, net of estimated acquired cash and after giving effect to estimated purchase price adjustments as described in the Purchase Agreement, and $200 million in the company’s common stock.