DAILY NEWSWIRE - TOP STORIES
Daily Newswire
Hudson Global Posts Seven Percent Revenue Loss; Americas Down 44 Percent
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
Agilium Worldwide Adds New Member Firm in Nigeria
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,
How to Use Executive Sourcing to Build Your Competitive Advantage
Download this guide to learn how to streamline and optimize your operations and ultimately deliver higher-quality candidates to your clients.
Hudson Global Posts Seven Percent Revenue Loss; Americas Down 44 Percent
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
GDPR – The Perfect Time to Refresh Your Database
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?
Agilium Worldwide Adds New Member Firm in Nigeria
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,
Why the True Cost of a Poor Hire Can be Steep
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
B.E. Smith Seeks CFO for Alaska Native Tribal Health Consortium
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
CohenTaylor Executive Search Assists Children’s Cancer Research Fund in CEO Search
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
True Search Launches Edtech Practice
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 Announces Expansion
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 Recruiting . . .What Does That Actually Mean?
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
Valor Partners Recruits Head of Talent Acquisition for Starburst Data
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 Seeks Founding Dean for School of Nursing at Emory & Henry College
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
APA Search Forms Partnership with the Automotive Aftermarket Suppliers Association
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
NPAworldwide Adds Five New Member Firms
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
How COVID-19 is Transforming Healthcare Recruitment
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,
Perrett Laver Recruits Provost for Worcester College University of Oxford
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
Right Executive Search Offers New Resource for Women Returning to Work
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
Direct Recruiters Appoints Partners
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
Christopher Group Tapped by HarperCollins to Recruit VP Diversity, Equity & Inclusion
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
Cook Silverman Seeking New Leader for SAVE
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 Forms Partnership With SAP
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 Posts 27 Percent Revenue Decline
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.
Jobless Claims Continue to Surge Over One Million
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
Harvard University Lands First Diversity & Inclusion Officer with Assistance from Search Firm
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
Global Sage Expands Financial Services Practice in Boston and Los Angeles
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
m/Oppenheim Executive Search is Assisting United Way of Anchorage in CEO Search
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
Why the True Cost of a Poor Hire Can be Steep
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
CarterBaldwin Recruits CEO for Dairyland Power Cooperative
CarterBaldwin Executive Search recently placed former Energy Northwest executive Brent Ridge as the new president and CEO of Dairyland Power Cooperative. He succeeds Barbara Nick who recently retired and has led Dairyland for the past five and a half years. Chris Guiney, partner and energy and infrastructure practice leader for CarterBaldwin, led the assignment along with consultant
Herbert Mines Assists Tandy Leather Factory in CFO Search
New York-based retail and consumer focused executive search firm Herbert Mines Associates has placed Steve Swank as the new chief financial officer of Tandy Leather Factory. President Brenda Malloy and managing director Adelle Kirk led the assignment. Michael Galvan, the company’s interim CFO, will remain with Tandy through the completion of the restatement and in a consulting
The ExeQfind Group and The QualiFind Group Merge Brazil-Based DRH–Talent Search Into Search Platform
The ExeQfind Group, based in Atlanta and The QualiFind Group, based in San Diego, have recently merged DRH–Talent Search, a retained executive search firm located in Sao Paulo, Brazil, into its search and recruitment platform serving the Americas. Hamilton Teixeira, an accomplished retained executive search and marketing-oriented executive leader, owned and led the Brazilian firm
McDermott + Bull Expands with Hiring of Former CHRO
The executive search field continues to be a welcoming landing pad for HR executives looking for a career change. Recently, Irvine, CA-based search firm McDermott + Bull expanded with the addition of former HR executive Alisa Nagle as a managing director to drive the firm’s global industrial, automotive and mobility practice. Based in Detroit, she will
Korn Ferry Retained by MidMichigan Health for CHRO Search
Korn Ferry has been called in by MidMichigan Health to lead its search for a new senior vice president and chief human resources officer. The CHRO is responsible for all aspects of human resources and education across MidMichigan Health. Korn Ferry said this position is “responsible for developing and executing human resource strategy in support of the
Parker Executive Search Seeks CMO for University of Idaho
Atlanta-based Parker Executive Search has been enlisted to find a chief marketing officer for the University of Idaho. The assignment is being led by president Laurie C. Wilder and vice president Porsha L. Williams. The CMO/ executive director, communications role involves providing visionary leadership and direction over the university’s branding, marketing and strategic communications. “Reporting to
20/20 Foresight Names Head of Dallas Office
Chicago-headquartered 20/20 Foresight Executive Search has expanded with the addition of Alex Cox as managing director and head of its Dallas office. He brings more than 15 years of executive search experience in the placement of commercial real estate professionals, collaborating with mid-level to C-suite candidates primarily focused in investment, asset management, financing and capital markets roles. “20/20 Foresight was
HR Executive Joins Strategic Advisory Board of Bedford Consulting Group
Naomi Titleman Colla, the founder of Collaborativity, a consultancy focused on driving progressive talent strategy to improve collaboration, productivity and performance, has joined the strategic advisory board of Toronto-based executive search and talent management solutions provider Bedford Consulting Group. “We are very excited to have Naomi join our advisory board to provide her insights and guidance
Heidrick & Struggles Posts 18.3 Percent Revenue Decline; Restructuring Plans Announced
Executive search, leadership consulting and culture shaping services provider Heidrick & Struggles (NASDAQ:HSII) posted second quarter revenues of $145.6 million, an 18.3 percent decrease from revenues of $173.1 million during the same period a year ago. The reduction in net revenue was primarily due to the impact of the pandemic on it global business. Executive search net revenue experienced
HR Leadership Lessons From the Early Days of the Pandemic
The world is both united and divided during the COVID-19 pandemic. It’s united in the sense of we are all adjusting to a “new normal” and the challenges—and some opportunities—that arise with a different way of living and working against the backdrop of genuine solidarity. The division comes in where nations fall in the crisis
KEES Recruits CEO for Covenant Community Care
Executive search and non-profit consulting firm KEES (Kistner Eddy Executive Services) has placed Joslyn Pettway as the new chief executive officer of Covenant Community Care in Detroit. President and CEO Heather Eddy and project manager Octavia Daniels led the assignment for the search firm. “It was a pleasure to meet Joslyn from Day One,” said Ms. Eddy. “Her passion
Haley Associates Seeking Provost for Franklin Pierce University
Higher education search firm Haley Associates has been selected by Franklin Pierce University in Rindge, NH, to find its next provost and chief academic officer. This search is being led Katherine Haley. Reporting directly to the president of the university, the provost is the first among equals on a highly collaborative senior administrative team, Haley Associates said. In this critical
Bespoke Partners Adds CEO of Sales Benchmark Index as Board Member
Board service can be one of the most rewarding career experiences: It’s an opportunity to see firsthand how another company operates at the highest levels and to work with – and learn from – accomplished, articulate and intelligent people. Its why many leaders decide to start down the path to the boardroom. It is also
Cognitive Talent Partners Appoints Head of U.S. Operations
Gurgaon, Haryana-headquartered executive search firm Cognitive Talent Partners has named Abba Manchanda as a partner and head of U.S. operations. “Abba’s entrepreneurial background and global sales experience will be a tremendous asset to our business globally,” said Anuj Dhawan, founder and managing partner of Cognitive Talent Partners. “Her breadth of experience – not only having built a recruiting practice from
LinkedIn Cuts Nearly a Thousand Jobs as Demand for Recruiting Products Wanes
If you haven’t seen concrete, visible signs yet of the turbulence COVID-19 is having on the recruitment market, here’s one: LinkedIn is laying off approximately 960 jobs, or six percent of its workforce, noting that the pandemic is beginning to have a material effect on the demand for its recruitment products. The online employment service
DHR International Tapped by Central Michigan University to Find Next Director of Athletics
Universities continue to turn to executive search firms to find new athletic directors. Glenn Sugiyama, managing partner and global sports practice leader at DHR International, has been called in by Central Michigan University (CMU) to lead in its search for its next Zyzelewski Family associate vice president/director of athletics. After three years at the helm of Central
Kittleman & Associates Selected by Seattle Parks Foundation to Find New President and CEO
The economic strength of the non-profit field has increased in recent years and it is now the third largest employer in the U.S. This has certainly kept search firms busy. Chicago-based search firm Kittleman & Associates has been enlisted to find a new president and CEO for Seattle Parks Foundation (SPF). Reporting to the board chair on
Bay Street Advisors Open Office in London
Executive recruitment firm Bay Street Advisors has opened a new office in London, marking its first location outside the U.S. The office will be led by industry veteran John Rumsey, who will serve as managing director. The move comes at a time when Bay Street is strategically growing its business and looking to better serve
Mlegal Rebrands Macrae to Reflect Growing Global Footprint
Global legal executive search firm Mlegal recently announced that going forward it will be known as Macrae. The firm’s complete rebrand to Macrae, which includes a new website and positioning, reflects its growth from a two-recruiter team in Northern California in 2001 to a transatlantic boutique with a strong and growing footprint in four of the world’s top
Why Selecting a Search Firm is ‘Mission Critical’ During Challenging Times
As COVID-19 cases continue to climb across the U.S., the Labor Department reported this morning that 1.4 million more Americans filed new claims for state unemployment benefits last week, the 18th week in a row that the figure has topped one million. Economists polled by Dow Jones expected initial claims to rise by 1.3 million. The
Bubenik Partners Recruits Global CEO for PFNonwovens Holding
Central European executive search firm Bubenik Partners has assisted the owners of PFNonwovens Holding s.r.o. (PFN) in recruiting Cedric Ballay as the company’s new group chief executive officer. The leadership change is the result of a long-planned succession for the Prague-headquartered PFN Group, the global hygiene nonwovens textile producer owned by the R2G family office.
Global Talent Solutions Seeks Chief Growth Officer for MassageLuXe
Laguna Hills, CA-based executive search firm Global Talent Solutions (GTS) has been selected to find the first-ever chief growth officer for MassageLuXe, a 68-unit luxury massage, wax and facial franchise retailer. The placement is expected to accelerate the brand’s mission to expand to more than 250 units within five years and is the first of
Slone Partners Adds Branding Leadership Expert to Advisory Board
Sumitovant Biopharma executive Mary Stutts has joined the advisory board of executive search firm Slone Partners. Ms. Stutts is a renowned C-level global branding and growth expert who has provided strategic counsel in the biotechnology, healthcare, technology, and media industries at Fortune 200 companies including Genentech, Bayer, Bristol Myers Squibb, Kaiser Permanente, UnitedHealth Group, and Comcast
ManpowerGroup Revenue Down 30 Percent as COVID-19 Impacts Results
ManpowerGroup / (NYSE:MAN) posted third quarter revenues of $3.7 billion, a decrease of 30 percent from the same period a year ago. The hardest hit region in its portfolio was France, where revenue fell 47.5 percent in constant currency. The Milwaukee-based recruiting company recorded net earnings of $64.4 million, or $1.10 per diluted share, compared to
Coronavirus and the People Pandemic: Should You Stop Hiring?
Coronavirus has been top of mind with every CEO and chief people officer. As the virus has taken hold, news has been dominated by headlines of redundancies, lost workforces and companies closing. “In these trying times, every action is under scrutiny as we seek to both contain the virus and continue our everyday practice,” 360Leaders’
The Moran Company Seeks New CEO for Open Excellence
The Moran Company, an executive recruitment firm that specializes in the non-profit sector, has been tapped by Open Excellence (Foundation for Excellence in Mental Health Care) to lead its search for a new CEO. Steven Byers is leading the assignment. Open Excellence is seeking a CEO to lead and grow its U.S. and international programs. The successful
Waldron Seeks Executive Director for Christensen Fund
Social sector focused executive search firm Waldron has been enlisted to find the next executive director for the Christensen Fund, a San Francisco-based private foundation. The non-profit supports the Global Indigenous Peoples’ Movement in its efforts to advance the rights and opportunities of stewards of biocultural diversity. Leading the assignment for the recruitment firm are search director
Reffett Associates Adds Supply Chain Veteran
Reffett Associates has added veteran supply chain executive Sam Mayberry as a principal. He will focus on the supply chain sector of the consumer industry. Additionally, Mr. Mayberry will use his background and experience working with non-profits to help Reffett Associates to continue to build its non-profit practice. “Sam’s deep experience in all areas of the
Strategic Solutions Partners, SearchWide Global and SalesBoost Form Partnership to Provide Talent Solutions for Hospitality Sector
After taking a massive hit during the Great Recession, employment and hiring within the hotel and hospitality industry has begun to rebound. In the last year, according to one set of survey metrics, the industry added 527,000 jobs (2.6 million since 2004). That number was expected to increase in 2020, as global tourism and traveling
Why Delaying Succession Plans in Times of Crisis Can be Risky
Many boards put leadership succession on hold during turbulent times, even if the subject was high on the agenda before the crisis hit. That’s a common reflex. Facing ambiguity, people often select known options over unfamiliar ones. New research from Spencer Stuart and Bain & Company suggests that directors confronted with uncertainty act the same way.
NorthWind Partners Recruits Chief Growth Officer for NT Concepts
Reston, VA-headquartered executive search firm NorthWind Partners has recruited Brandon Ginsburg as senior vice president and chief growth officer at NT Concepts, a leading national security solutions provider. Brian Thomas, partner and practice leader for industrials/aerospace and defense, government services, led the search. “Brandon brings a strong track record of positioning companies for market expansion in
