DAILY NEWSWIRE - TOP STORIES
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.
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
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.
Partners Jeff Hocking and Tindall (Sewell) Hein of ON Partners assisted in the recruitment of Raleigh McClayton as the new CEO for Brightspot, a provider of content management, workflow solutions, and services for top global brands. “Brightspot is in the right position to serve the content industry which needs our platform and services,” said David Gang, the company’s CEO and co-founder.
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?
Guerrero, a minority-owned, privately held, executive advancement company at the intersection of media, professional networks, and talent acquisition, has launched Guerrero Search, a retained executive recruitment service focused on helping companies diversify their leadership ranks. “The demand for diversity at all levels of corporate America has never been greater, yet the needle hasn’t moved much,
Talent has always been, and always will be, a driver of value creation. Talent management has been an important lever in the private equity industry for years, but it has never been more critical than today. Due to the scarcity of top-end talent in the labor market, it is crucial for private equity firms to
QED Investors, an Alexandria, VA-based venture capital firm focused on investing in financial services companies, has acquired Lingua Franca Search, a boutique retained executive and professional search firm. Financial terms of the deal were not disclosed. The search firm allows QED to support portfolio companies with senior-level hires. Led by CEO Thomas King, Lingua Franca
Spencer Stuart has been selected by meal-kit delivery services company Blue Apron Holdings to lead its search for a new chief financial officer. Randy Greben has notified the company that he has accepted a position at another company and plans to resign from his role, effective Oct. 17. Spencer Stuart recruited Mr. Greben into the
Executive recruitment firm BoardWalk Consulting has been enlisted to find the next executive director for Soccer in the Streets (SITS), an Atlanta-based non-profit that empowers underserved youth through soccer, character development, mentoring, and employability programs. Leading the assignment are John Sparrow, senior director, and Lysondra Somerville, senior research associate. “As it looks toward the future, SITS seeks
Korn Ferry has elected Charles Harringtonv as a new member to its board of directors and appointed Jerry Leamon as a new non-executive chair. Christina Gold, who has served on the firm’s board since 2014, and most recently as the non-executive chair since 2019, has retired from the board. In addition, George Shaheen retired from the
The global labor market remains strong with steady hiring expected for the remainder of 2022, according to the Q4 ManpowerGroup Employment Outlook Survey of 40,700 employers. Used internationally as a bellwether of economic and labor market trends, the net employment outlook – calculated by subtracting the percentage of employers who anticipated reductions to staffing levels from
DHR Global has been enlisted to find a chief zoological officer (CZO) for the Woodland Park Zoo in Seattle. The assignment is being led by James Abruzzo, managing partner, global non-profit practice, and Michele Baird Counter, principal. The chief zoological officer reports directly to the zoo’s president and CEO and serves many of the classical functions
Steven John & Associates Retained by Center for Independence of Individuals with Disabilities to Find New Leader
Executive search firm Steven John & Associates has been chosen by the Center for Independence of Individuals with Disabilities (CID) in San Mateo, CA to find a new executive director. Steve John and Jason Snyder are leading the assignment. The executive director acts as the CEO of the organization and is responsible for the overall management and direction of
Today’s chief product officer is responsible for all product-related matters, and the role is growing in demand, according to executive recruiters who place them. The position typically includes product conception and development, production, innovation, and project and product management. In many IT/ telecommunications companies, the position includes release management and production. Chief product officers generally work on
Sanford Rose Associates – Newman Group Search has launched a new interim workforce division and named Brigid Sciaccotta as its practice leader. “The newly created interim workforce department and leadership role are the firm’s response to escalating demand for interim talent in the insurance arena,” said Peg Newman, partner. She cites economic forces such as the pandemic, “The
In the start-up world, seasoned operators have experienced product launches, growth cycles, fund-raises, and human capital challenges. They’ve achieved huge successes and endured great failures. Operators know firsthand how to build the ideal infrastructure for sustainable scaling and long-term growth, according to a new report from SPMB’s Emily Wallach. “Historically, venture capital firms brought in
Executive search, leadership consulting, and culture shaping services provider Heidrick & Struggles has recruited Fei Chen as the new chief executive officer of LiqTech International, a clean technology company that manufactures and markets highly specialized filtration technologies. Ms. Chen, who will start on or before Nov. 1, will also be a member of LiqTech’s board of directors.
Non-profit specialist recruitment firm Development Guild DDI has been enlisted to find the next president of The Doe Fund (TDF), which helps homeless and formerly incarcerated men rebuild their lives. Kieran McTague, senior vice president and director, New York, is leading the assignment. The opening at the prominent New York City charity follows the death of founder
Dublin, OH-based executive recruitment firm Harris Search Associates has assisted in the recruitment of Monica G. Ferrini as dean of the College of Science and Health (COSH) at Charles R. Drew University of Medicine and Science (CDU) in Los Angeles. “I look forward to the flourishing of COSH under Dr. Ferrini’s leadership,” said Sylvia Manning, interim provost and
Private equity-backed Kingsley Gate Partners has named Saurabh Gupta as chief digital officer. Based in Boston, he will be responsible for defining the strategy and technical vision of the firm. “Saurabh has proved himself to be both a visionary and builder of cutting-edge HRIS systems to benefit clients, candidates, and firm members,” said Umesh Ramakrishnan, CEO of
Digital transformation is on a lot of people’s minds, and many chief executive officers are struggling to figure out where they fit within this. The CEO’s responsibility is to serve as the heartbeat of an organization, driving culture from the top down, owning and meeting key business objectives, and influencing internal and external stakeholders to
Talent acquisition strategies at many large companies have become as complex as their balance sheets. And while CHROs play a vital role in overseeing an organization’s broad-based workforce, the chief people officer typically goes beyond overseeing its people policies. The focus instead is on building talent as a key competitive advantage, with more emphasis on
After a national search, Oak Brook, IL-based search firm WittKieffer has placed Eloísa Gordon-Mora as the new chief diversity officer of Gettysburg College in Pennsylvania. Christine Pendleton, senior associate, and Randi Miller, associate, led the assignment. Dr. Gordon-Mora serves as a member of Gettysburg’s president’s council and is charged with advancing the school’s diversity, equity,
ZRG Partners has opened a new office in Munich and named Ralph von Pallandt as managing director to spearhead a new location. He also furthers the firm’s reach into Germany and Europe. “With his great success as a CHRO across multiple countries for General Motors and SVP for Allianz in Europe and the U.S., Ralph
Daversa Partners, which helps build leadership teams for growth and venture-backed companies, has named Lindsay Keith as the firm’s newest partner adding nearly a decade of search experience to this senior leadership team. “Lindsay is one of those unique leaders with the ability to compel and encourage her team to take risks while simultaneously fostering a
Midst Inflation Pressures and Recession Fears, Data Reveals What Skills Will Drive Growth and Mitigate Risk
Companies today are facing a business landscape that offers significant opportunities for growth and innovation fueled by drastic changes in consumer demand, rapid technological advancement, and the widespread adoption of hybrid work. Yet new concerns have emerged— from the extraordinarily tight labor market to rapidly rising inflation to geopolitical tensions that stress not only supply
You just know the executive search recruiter you connected with is going to help you land your next job! He already has three roles he thought you’d be perfect for. Now, you just need to wait anxiously for the phone call to get the ball rolling, right? But, after hours, days, or maybe weeks of
The American Society for Clinical Pharmacology and Therapeutics (ASCPT) has retained Washington, D.C.- based Vetted Solutions to lead its search for a new chief executive officer. The new CEO will replace a retiring executive and implement the organization’s strategic and annual operating plans. The individual will be expected to oversee all of ASCPT’s programs and services, including
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
Korn Ferry (NYSE:KFY) has posted 2023 fiscal first quarter revenue of $695.9 million, an increase of 19 percent from the first quarter of last year. Revenue increased in all lines of business. The increase in fee revenue when compared to Q1 was primarily due to the continuing demand for the firm’s integrated service offerings and the
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
Isaacson, Miller has been enlisted to find the first vice president and chief human resources officer for Michigan State University (MSU) in East Lansing, MI. Leading the assignment is partner Rebecca Kennedy along with associate Stephanie Simon. MSU is seeking an experienced executive leader and strategic partner for this role, said the Boston-based search firm. The
San Diego, CA- based Caliber Associates recently placed Amir Hafeez as senior vice president of clinical research and development oncology at NextCure in Beltsville, MD. “Amir brings an impressive record of oncology clinical development experience and a track record of success for advancing clinical candidates,” said Steven Hochberg, the search firm’s founder and CEO. Dr. Hafeez will
33eleven, an executive search firm specializing in finding leaders for venture, growth, and private equity-backed companies, has acquired Lumeidon Partners, a boutique executive search firm recognized for recruiting leadership teams for high-growth technology companies. As a result of the acquisition, Sam Boynton, Lumeidon’s founder, will join 33eleven’s leadership team as a partner. “This acquisition is
The Labor Department reported that 227,000 Americans have filed new claims for state unemployment benefits, an increase of 11,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 215,000 to 216,000. The four-week moving average was 231,250, an increase of 500 from the previous week’s revised average. The
Korn Ferry (NYSE:KFY) has posted 2022 fiscal third quarter revenue of $680.7 million, an increase of 43 percent from the third quarter of last year. Revenue increased in all lines of business. The increase in fee revenue was driven by an increase in the number of new search engagements as well as an increase in average fee
Toronto-based LHH Knightsbridge has been enlisted to find the next chief executive officer for the Lung Health Foundation. George Habib, the non-profit’s current leader, recently announced that he will be retiring at the end of the year. “On behalf of the board of directors, and the Lung Health Foundation’s employees, volunteers, and partners, I would
Following a national search, CarrSports Consulting has assisted in the recruitment of Christian Spears as the next athletic director of Marshall University. “Christian Spears is a transformational leader who exhibits a deep respect for tradition, combined with an ability to architect a vision to unleash potential,” said Brad D. Smith, president of Marshall. “I am excited to welcome
Toronto-based Caldwell has forged an international alliance partnership with Johnson Partners, a consulting firm working in board search, executive search, and leadership succession with offices across Australia. In connection with the alliance, Johnson Partners has acquired the business of Caldwell’s non-owned New Zealand licensee, and integrated Caldwell’s Australian team. Johnson Partners will become Caldwell’s external search
International executive search firm Perrett Laver has appointed six new partners. “All are expert at connecting influential organizations with dynamic leaders in their respective sectors,” the firm said. The appointment of the new partners comes after a year that saw extremely strong business performance, with Perrett Laver generating record revenues and continuing to expand the business
A new report from Business Talent Group (BTG) shows that 70 percent of high-end independent talent want to pick their own projects and 63 percent seek freedom to work from anywhere, as massive changes to the workplace and how and where people work continues. BTG’s 2022 Talent Lens—based on a survey of more than 1,900 high-end independent talent—provides insights about the mindset of
London-based executive recruiting firm SRI has acquired Mission Bay, a media and entertainment executive search provider serving clients across the U.K., Asia-Pacific and the U.S. covering the international broadcasting, production, publishing, and wider media space. “We are thrilled to welcome Joanna Reesby, John Keeling, and their talented team to SRI,” said Jamie Waldron, SRI managing partner and
Life sciences-focused search firm Slone Partners has expanded with the addition of Alicia Montgomery as chief talent officer. “Alicia Montgomery is a true superstar in the recruiting world,” said Leslie Loveless, CEO of Slone Partners. “She has a passion for providing an exceptional client experience and for developing effective training and onboarding programs to help advance internal talent.
Although boards of directors are considered the backbones of organizations, director recruiting has grown markedly more challenging, 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. ON Partners has placed Helen Davis as a new member of the board of directors
Gallagher’s Executive Search and Leadership Advisers (ESLA) has placed Kirsten Michulka as the new president and chief executive officer of Independent Purchasing Cooperative Inc. (IPC), a Subway franchisee-owned supply chain cooperative serving restaurants in the U.S., Canada, and Puerto Rico. Ms. Michulka replaced Jan Risi who retired after leading the organization for over 25 years.
Daversa Partners, which helps build leadership teams for growth and venture-backed companies, has appointed Laura Kinder as its first president. “Laura’s promotion comes at a time of expansive global growth for the company and the clients we serve,” said Paul Daversa, founder and chief executive officer. “She has acted as a key member on our oversight committee
Many organizations now realize how critical diversity is to high performance – and various data points suggest that companies are more successful when they adopt more inclusive hiring strategies. According to recruiters, DE&I should be made a priority and an integrated part of every company’s strategic, talent, and leadership goals. Part of building strong, diverse hiring
SPMB, an executive search firm that helps find transformative executives throughout Silicon Valley, has assisted in the placement of Sheila Vashee as chief marketing officer for Ethos, the largest term life insurance provider in the U.S. Partner Dean Nacey led the assignment. Ms. Vashee joins Ethos from early stage investing firm Basis Set Ventures. Prior to
BridgeStreet Partners has recruited Jim Berry as the new chief financial officer of the Communities Foundation of Texas (CFT), one of the largest community foundations in the U.S. CFT manages more than 1,000 component funds and has distributed over $2 billion in charitable grants. Mr. Berry is an enterprise CFO with expertise in multiple industries such
CFR Global Executive Search has added executive search firm PIXCELL in Montreal as its newest partner. This strategic partnership will allow PIXCELL to draw on CFR’s international executive network and enhance its service offering. “As the shortage of skilled labor persists, there is a growing need for executive recruitment in Canada,” said CFR. “It has thus become crucial
Employment rose by 678,000 in February as the U.S. unemployment rate edged up to 3.8 percent, according to the most recent U.S. Bureau of Labor Statistics report. Job growth was widespread, led by gains in leisure and hospitality, professional and business services, healthcare, and construction. The number of unemployed persons edged down to 6.3 million. In February
Starfish Partners has been launched as an ownership/investment platform for the executive search market. The platform, according to its founder, was formed to allow owners to scale and monetize their business value; it will also allow independent search firm owners to participate and share in the equity of an entire family of companies, not just
Russell Reynolds Associates recently placed Samantha Roberts as the new chief executive officer of England’s National Institute for Health and Care Excellence (NICE). She assumed the post in February from recently retired Gillian Leng. “I would like to welcome Dr. Samantha Roberts as the new CEO of NICE,” said Lord Kamall, minister for innovation. “Dr. Roberts
Chief diversity, equity and inclusion officers have emerged as key leaders during this enormous period of transition for workers and the workplace. With a global workforce shifting in complexity, there is a growing need for diversity experts who can shape the vision, culture and very face of organizations. At issue: Too few women and people
Leadership development, recruiting, and outplacement firm Felix Global has launched a talent and organizational performance practice. Veteran consultant Marc Detampel, who joined the firm last year, will head the practice. The new practice works with C-suite leaders to provide several services to improve their organizations, including cultural alignment, organizational design, enterprise talent strategy, and human resources strategy.
Diversified Search Group (DSG), a leading search firm backed by private equity firm ShoreView Industries, has acquired Alta Associates, a Flemington, NJ-based search firm founded by Joyce Brocaglia specializing in cybersecurity, IT risk management, and data privacy. Hunt Scanlon Ventures, based in Greenwich, Conn., facilitated the introduction and transaction between both organizations. “This is a strategic acquisition that will
Cook County Health (CCH) is partnering with Chicago-based Carrington & Carrington Diversity Executive Search to find its next chief operating officer for the Cook County Department of Public Health (CCDPH), a nationally accredited, state-certified local health department for 2.5 million residents, 125 municipalities, 30 townships, and more than 700 schools. The incoming executive will design, implement, and
Anniston, AL-based Higher Education Leadership Search has been selected to find presidents for the Regional University System of Oklahoma (RUSO) Board of Regents—East Central University (ECU) and Northwestern Oklahoma State University (NWOSU). Both assignments, which call for similar duties and qualifications, are being spearheaded by consultants Bill Meehan and Alan Medders. For the ECU search, Higher
Boutique search firm BarkerGilmore, which specializes in building corporate legal and compliance teams, has added former PepsiCo general counsel David Yawman to its consulting division as a senior advisor. The firm noted that Yawman’s depth of experience adds another dimension for clients seeking to bring out the best in their people and take their organization to
The Labor Department reported that 215,000 Americans have filed new claims for state unemployment benefits, a decrease of 18,000. The previous week’s level was revised up by 1,000 from 232,000 to 233,000. The four-week moving average was 230,500, a decrease of 6,000 from the previous week’s revised average. The previous week’s average was revised up
It’s not unusual for Sara Garlick Lundberg, a partner in the non-profit practice of DHR Global, to be approached by non-profit leadership contemplating change. But the rate at which this is happening has skyrocketed, thanks to the Great Resignation, or the Great Re-evaluation as others call it. For some, continued uncertainty and talk of a hot