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Daily Newswire
Laid Off by AI? What’s Really Driving the Latest Job Cuts
Companies are firing workers and saying AI made them do it. But new research from MIT and Oxford reveals the truth: 95 percent of companies investing in AI are getting zero return, yet they’re still using artificial intelligence as a convenient excuse for layoffs. This matters for anyone worried about job security in today’s market,
Employment Falls by 92,000 as Unemployment Rate Rises to 4.4 Percent
Employment fell by 92,000 in February as the U.S. unemployment rate rose to 4.4 percent, according to the most recent U.S. Bureau of Labor Statistics report. The number of unemployed people, at 7.6 million, changed little in February. Employment in healthcare decreased, reflecting strike activity. Employment in information and federal government continued to trend down. “That jobs weakness coupled
Executive Recruiters Pull Off Another Remarkable Year, Remain Bullish for 2023
Hunt Scanlon Media has released its annual rankings of leading executive recruiters. In the U.S. and globally, billions of dollars poured into the high-end recruiting sector in 2022, a result of continued pentup demand for senior-level leaders and their key reports.
BrainWorks Grows Legal Practice
Warren, NJ-based executive search firm BrainWorks has named Rachel Chandler as director of legal recruitment. “With nearly two decades of experience spanning law, legal recruitment, and business development, Rachel brings an exceptional depth of expertise and a unique perspective to our team,” Brainworks said in a LinkedIn post. “From practicing corporate law to leading legal recruiting teams,
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?
Boyden Forms Alliance with South African firm Tuesday Consulting
Boyden has formed a partnership with South African firm Tuesday Consulting, an executive search and advisory firm helping clients drive growth through sustainable human capital resourcing practices. The partnership will be led by seasoned industry executives Wendy Spalding and Tsholofelo Nketane, along with a team of nine professionals from Tuesday Consulting. “Partnering with Tuesday Consulting represents an
Leadership in Uncertain Times: How Executives Adapt
Leadership has always required navigating change, but today’s executives operate in an environment where geopolitical developments, economic uncertainty, and evolving market expectations can quickly reshape business priorities. This places renewed attention on how leaders set direction, strengthen organizational resilience and prepare their businesses for an uncertain future. According to the latest Kestria Global Leadership Barometer, geopolitical
Excel Search & Advisory Leading Search for Next WNBA Commissioner
The WNBA has begun the search for its next commissioner as the league prepares for a leadership transition at the end of the year. The NBA has retained Excel Search & Advisory, formerly Nolan Partners, to identify a successor to Cathy Engelbert, according to The Athletic. The assignment comes as the league continues to experience
Bryant Group Fills Senior Position for Wabash College
Dallas-based executive search and talent development firm Bryant Group has placed Tyler J. Wade as dean for enrollment management at Wabash College. Mr. Wade, a 2012 Wabash graduate, has served as interim dean since June. This follows a nationwide search led by the firm’s president Chris Bingley. “One of the things that made him stand out in the field
Leathwaite Continues Partnership with St Marylebone School
London-based executive search firm Leathwaite is continuing its long-standing partnership with St Marylebone School in London, supporting students as they prepare for the next stages of their academic and professional journeys. The firm said the program is part of its community engagement efforts and reflects its commitment to social mobility and widening access to opportunity. St
Hunt Scanlon Media and Simsola AI Launch Survey on the Last Mile of Executive Search
Executive search firms are under growing pressure to bring greater consistency and transparency to how finalists are evaluated and recommendations are made. As AI and new technology move deeper into the search process, firms are also rethinking how interview feedback is captured, how candidates are compared, and where experienced consultant judgment should carry the most
Investigative Diligence Moves Earlier in Executive Search
Executive hiring decisions increasingly carry reputational, financial, and governance consequences that extend well beyond a candidate’s resume. As a result, boards, investors, and search committees are placing greater emphasis on understanding the broader context behind an executive’s track record before making a final decision. That shift is giving investigative diligence a more prominent role in
Carpenter Legal Search Recruits General Counsel for Spirax Group’s Electric Thermal Solutions Division
Carpenter Legal Search, Inc. has recruited Matthew Simonds as general counsel of the Electric Thermal Solutions (ETS) division of Spirax Group, a global industrial engineering company. “Matt stood out throughout the search process because of his combination of legal sophistication, strong business judgment, and ability to serve as a true strategic partner to leadership,” said Lori Carpenter,
Kincannon & Reed Assists Stokes Seeds with Chief Commercial Officer Search
Kincannon & Reed (K&R), which exclusively focuses on food, agribusiness, and the related life sciences, has helped to recruit Andy Paston as chief commercial officer of Stokes Seeds, a leading North American supplier of vegetable seed serving commercial growers across the United States and Canada. “Andy brings a strong combination of agricultural expertise and commercial leadership,”
Chartwell Partners Recruits President and CEO for Eagle Bancorp
Dallas, TX-based executive search firm Chartwell Partners has assisted in the recruitment of Stephen Curley as president and chief executive officer of Eagle Bancorp, Inc., the Bethesda-based holding company for EagleBank, one of the largest community banks in the Washington, D.C. area. The appointment followed an extensive board evaluation and search of internal and external candidates.
Egon Zehnder Examines the Great AI Divide Reshaping Private Equity Leadership
Private equity firms are moving quickly to determine where AI can create the greatest advantage across portfolio operations and investment strategy. As adoption accelerates, firms are rethinking what kind of AI leadership they need and where those roles should sit. That shift is beginning to reshape talent strategies across the PE market. Over the past
DHR Global Acquires Life Sciences-Focused Discovery Search Partners
Talent advisory firm DHR Global has acquired Discovery Search Partners, a retained executive search firm focused on the life sciences industry. Financial terms of the deal were not disclosed. Bill O’Callaghan of Discovery Search Partners will join DHR as managing partner and Don Evans will join as partner, while Brian Evans will help build out the life sciences vertical
The Lancer Group Recruits CHRO for Liquidity Services
La Jolla, CA-headquartered search firm The Lancer Group recently assisted in the recruitment of Karen Fascenda as chief human resources officer of NASDAQ-traded Liquidity Services. Chairman and CEO Bill Angrick highlighted Ms. Fascenda’s strong track record of aligning talent strategies with business growth. Ms. Fascenda, in turn, described Liquidity Services as a proven market leader with significant
SearchWide Global Recruits Chief Sales Officer for the Nashville Convention & Visitors Corp
SearchWide Global has placed Cahal Mowery as chief sales officer of the Nashville Convention & Visitors Corp (NCVC). Kellie Henderson, global head of destinations, led the assignment. “Cahal brings the experience, leadership and energy we need to continue Nashville’s success as a leading meetings, group and events destination,” said Deana Ivey, president and CEO. “His work in
Riviera Partners Expands in APAC Region
San Francisco-based Riviera Partners, a recruitment provider specializing in C-level engineering, product, and design leader placements, has expanded it the APAC region with the addition of Gaurav Dev Burman as a partner based in Bengaluru. In this role, Gaurav will advise boards, CEOs and investors on technology leadership searches across India and the APAC region. “Gaurav
Standing on the Shoulders of the CHRO: Shaping the Modern Workforce Era
As organizations confront rapid technological change, workforce disruption, and mounting pressure to build stronger leadership pipelines, the role of the chief human resources officer continues to expand. Today’s CHRO is expected to help shape business strategy, guide organizational transformation, and ensure companies develop the talent, culture, and leadership needed for long-term success. At the same
Resource Management Group Assists U.S. Oral Surgery Management with CFO Search
Resource Management Group (RMG), an executive search firm specializing in CFO placements, recently helped to recruit Jennifer L. Ellis as CFO of private-equity backed U.S. Oral Surgery Management (USOSM). “Congratulations to Jennifer Ellis on her appointment as chief financial officer at US Oral Surgery Management,” RMG said in a LinkedIn post. “Thank you to Doug Drew,
RH Perry & Associates Seeking CFO for Metropolitan Community College
RH Perry & Associates has been retained by Metropolitan Community College, Kansas City, Missouri (MCCKC) to lead in its search for a new CFO. The assignment is being led by senior consultant Joanne Bashford and Paul G. Doeg, president and chief operating officer. The CFO provides strategic leadership and executive oversight for the College’s financial stewardship, long-range planning,
Heidrick & Struggles Launches Performance Culture
Heidrick & Struggles recently launched Performance Culture, a new solution that integrates the firm’s existing culture shaping capabilities with the purpose-driven transformation expertise of businessfourzero, the next-generation consultancy acquired by Heidrick in 2023. “Today’s leaders are simultaneously navigating AI-driven transformation, margin pressure, and the need to build more agile organizations in an increasingly uncertain environment,”
The International Executive Search Federation Elects First Woman President
The International Executive Search Federation (IESF) has elected Adelina Rosca, managing partner of Rosman Talent Solutions (RosMinds), as president of its global network. She became the first woman and the first leader from Eastern Europe to lead the organization since its establishment in 2002. Ms. Rosca takes over this month from Gertjan van de Groep of
The Hidden Cost of Getting the CEO Decision Wrong
Russell Reynolds Associates’ latest report, The CEO Decision: How PE Investors Select and Reassess Leaders from Entry to Exit, puts numbers behind one of private equity’s most important human capital questions: how much does the CEO decision matter to investment performance? The answer is significant. Russell Reynolds Associates notes that top-quintile portfolio company CEOs generate
DSG Global Retained by Ronald McDonald House for Inaugural Global Chief Financial & Administrative Officer Search
DSG Global has been retained by Ronald McDonald House to recruit its inaugural global chief financial & administrative officer (CFAO). The search is being led by Cheryl Stevens and Claire Hunt. This executive will play a pivotal role in shaping the future of a global System spanning 250 Chapters across 61 countries and regions. This newly expanded
Isaacson, Miller Tapped by Dartmouth College for CIO Search
Boston-based Isaacson, Miller has been retained by Dartmouth College to lead in its search for a chief information officer. Becca Kennedy is leading this search with Kristen Andersen and Ryan Smillie. The CIO will oversee enterprise technology, cybersecurity, research computing, enterprise systems, and business transformation while providing strategic guidance on technology governance, resource allocation, operational resilience, and emerging
Calibre One Names Co-Leader of Global Real Estate Practice
New York City-based Calibre One has named Rebecca Wilson as a partner in the firm’s financial services practice. Based in New York, she will also co-lead the global real estate practice alongside managing partner David Schumer. “Rebecca combines decades of senior experience in financial services with a strategic consultant’s perspective and a proven track record
Amplified People Group Acquires Higher
Amplified People Group, the people services specialist that supports technology companies from inception to initial public offering (IPO), has acquired Higher, the executive search firm that specializes in AI and engineering leadership hires. Financial terms of the deal were not disclosed. The acquisition addresses the pressing demand for AI talent and brings more specialized expertise into
AlixPartners Finds A Growing Divide Between PE Firms And Portco Leaders
A recent report by AlixPartners – the Tenth Annual PE Leadership Survey – reveals a striking disconnect between private equity firms and their portfolio companies. While both groups agree that growth, margin expansion, and value creation are top priorities, they diverge significantly in how they view performance and leadership quality. According to the survey, 41 percent of PE executives
Vanderbloemen In Hunt for First United Methodist Church Youth Minister
Executive recruiting firm Vanderbloemen Search Group has been selected by First United Methodist Church in Jonesboro, AR to lead its quest to find a new youth minister. The organization is seeking an individual who is “devotional” and has strong leadership skills. Vanderbloemen has carved out a unique recruiting niche helping churches and ministries find mission-driven leaders.
Spencer Stuart Helping Fred’s Inc. Round Out Board of Directors
Executive search firm Spencer Stuart has assisted Fred’s Inc. (Fred’s Pharmacy) in adding Christopher W. Bodine, Peter J. Bocian, and Michael K. Bloom to its board of directors. The directorship placements are part of an ongoing reconstitution process at Fred’s in which the board has been actively engaged, with the assistance of Spencer Stuart. Mr. Bodine brings to the
Buffkin / Baker Acquires MusicRowSearch
Executive search firm Buffkin / Baker has acquired Nashville, TN-based MusicRowSearch, an executive recruiting operation specializing in the entertainment industry, to expand its service lines and leverage future growth. Financial terms of the deal were not disclosed. MusicRowSearch will retain its name under the Buffkin / Baker brand. As part of the agreement, WHO KNEW —
Norman Broadbent Continues On With Expansion
U.K.-headquartered recruiter Norman Broadbent has announced a series of appointments across its executive search, senior interim management, solutions and research & insight teams. Neil Pilkington joins the firm’s TMT & digital practice to specialize in the CTO / CIO market. During his 20 year search career, Mr. Pilkington has handled assignments across insurance, construction, FMCG, retail,
Korn Ferry Posts Double Digit Revenue Gain
Korn Ferry (NYSE:KFY) has posted 2017 fiscal third quarter revenues of $381.9 million, an 11 percent increase compared to revenues of $344.2 million a year ago. Wall Street expected revenues of $382.3 million. The company’s growth was primarily driven by the acquisition of Hay Group. Executive search revenues at Korn Ferry were essentially flat at $152.8 million for the quarter.
Big Data & Analytics Sector Turning Into Big Business for Recruiters
IQ Workforce, a talent provider focused on the analytics space, has added Sharad Dabral as a managing director to further expand its search capabilities for analytics professionals. She will be based in New York and serve clients nationally. Ms. Dabral comes with a wealth of experience in the analytics area, having focused on placing executive level analytics
Bespoke Partners Lands CEO for P2 Energy Solutions
Executive search firm Bespoke Partners has placed J. Scott Lockhart as chief executive officer of P2 Energy Solutions. Partner Carissa Clark in the firm’s Austin office led the search. Mr. Lockhart will lead P2’s energy-sector software and geospatial data businesses, driving the company forward as it helps upstream oil and gas companies around the globe optimize
Witt / Kieffer Leading Chief Nursing Officer Search for Bayhealth Medical Center
Executive search firm Witt/Kieffer has been retained by Bayhealth Medical Center to lead its search for a senior vice president and chief nursing officer (CNO). Rachel Polhemus, senior partner at the firm, is leading the search. Bayhealth’s CNO will be a key senior leader and member of the medical center’s executive leadership team. The incoming chief nurse will be responsible for
Search for Technology Leaders Heating Up
Technology Executive Group (TEG) has strengthened its search staff with the addition of Marci Nigro as a partner. Ms. Nigro brings to TEG over 20 years of executive search expertise and a vast network of relationships across the technology, financial services, media, software, and private equity industries. In her new role, she will serve as an advisor to
Millennials Choose Career Over ‘Being Boss’
Instead of climbing corporate ladders, Millennials are focused on learning technical and personal skills to ensure long-term career security as they seek to build a ‘career for me,’ according to a report released by ManpowerGroup. Just 17 percent of American Millennials rank aspiring to leadership roles as a top career priority. This figure includes: managing others
Jobplex and Microsoft Extend Commitment to Hiring Veterans
Jobplex, the Chicago-based partner company of DHR International, has renewed a contract with Microsoft to lead the placement of U.S. military veterans who graduate from the Microsoft Software and Systems Academy (MSSA). The MSSA program prepares active duty U.S. service members with job skills to meet the IT industry’s high demand. Graduation from MSSA is planned so that
Turnkey Search Seeking HR Leader for Oakland Raiders
The Oakland Raiders have retained Turnkey Search to lead the organization’s search for a new vice president of human resources. Turnkey will search for and screen qualified candidates for the role, guiding the franchise to the next phase of growth of its business operations team. The incoming HR executive will provide comprehensive human resources leadership for the Raiders,
Waterhouse Executive Search Lands CFO for Chatham-Kent Health Alliance
Waterhouse Executive Search has placed Jerome Quenneville as vice president and chief financial officer of the Chatham-Kent Health Alliance in Ontario. During a roughly 90-day-plus search process, Chatham-Kent considered a number of prospective candidates, selecting Mr. Quenneville, who’s been serving in this role on an interim basis since November. He brings extensive executive experience having served as
Young Mayden Opens Dallas Office
Executive search firm Young Mayden has opened a new office in Dallas which will be led by attorney and legal recruiter Amber Shockey. Ms. Shockey brings a strong background in that area, particularly in the Texas energy sector. Since early 2015, she has served as co-leader of Crosby Shockey Consult + Search, LLC. She is also founding principal
Will Most Talent Acquisition Roles Be Eliminated Over the Next Decade?
While technology will never be able to replace the human factor in human resources, it will likely take over certain functions on talent acquisition and management teams. A new survey from CareerBuilder shows that 72 percent of employers expect that some roles within talent acquisition and human capital management will become completely automated within the next
University of Tennessee Taps Turnkey Search for Director of Athletics
Sports recruiter Turnkey Search has placed John Currie as director of athletics and vice chancellor at the University of Tennessee. He replaces Dave Hart, who announced his retirement on August after six years with the school. Mr. Currie has spent the last eight years as athletic director at Kansas State. He begins his duties at UT next month. Before
Kittleman & Associates Leading Director Search for Plumbing Manufacturers International
Chicago-headquartered executive search firm Kittleman & Associates has been retained by Plumbing Manufacturers International (PMI) to lead its search for a new executive director. Reporting to the board of directors, the executive director will be responsible for directing the operational activities of the association and supporting its strategic and financial goals. The incoming director will work with the board
Newly Launched CyberOne Adds Recruiting Specialist
After opening its doors this past October, specialist cybersecurity and IT recruitment consultancy CyberOne has named Vince Warrington as non-executive director. Mr. Warrington will provide expert specialist IT advice and guidance on recruiting IT and data security talent to help businesses safeguard against escalating cyber crime and meet stringent, new EU data regulations that are set
Hudson Global Posts Notable Revenue Decline
Hudson Global Inc. / (NASDAQ:HSON) posted 2016 full-year revenues of $422.7 million, an 8.7 percent decrease from revenues of $463.2 million a year ago. The New York-based recruiting company recorded a net loss of $8.8 million, or $0.26 per basic and diluted share, compared with net income of $2.3 million, or $0.07 per basic and diluted share, the prior year.
Academic Sector Pumping Big Fees Into Search Firms
Academic institutions continue to pump big fees into the coffers of executive search firms nationwide. Many academic recruiting specialists say business, in fact, has never been better. Even smaller recruiting outfits have multiple assignments running concurrently, all at the senior levels, and if there’s any slowdown coming it is to be found at the talent
Hilmar & Ross Recruits Sales & Marketing Leader for J.R. Simplot
Boutique leadership provider Hilmar & Ross in conjunction with Yellow Folder Research has recruited Greg Schlafer as senior vice president of sales and marketing for J.R. Simplot’s Food Group. Ken Smuland, chief executive officer of Hilmar & Ross, led the assignment. Mr. Schlafer previously served as president of Lamb Weston, a subsidiary of ConAgra Foods. Before that, he
Recruiters See Heightened Demand for Private Equity Portfolio Leaders
Tatum, an interim services and executive search firm, has appointed Chris Shaw to regional partner of private equity services. In this new capacity, Mr. Shaw will be responsible for maximizing prospective portfolio companies and building relationships with private equity groups in New York, New Jersey, Connecticut and Pennsylvania. Mr. Shaw brings 16 years of financial experience,
Decoupled Search Launches Recruiting Tools Aimed At Leadership Teams
Las Vegas-headquartered executive search firm Decoupled Search has launched three new products intended to help improve the executive search process: RosterGenius provides an empirical basis for senior managers to determine the opportunity cost of retaining an existing executive; a data-driven interim executive validation tool called InterimConfirm; and DepartureRecovery, a cost-effective means available to manage an unexpected executive departure. Pat
Spencer Ogden Opens New Office In Germany
London-headquartered search firm Spencer Ogden has launched a new office in Mannheim, Germany. The firm has appointed Thilo Grams to serve as director of Germany and lead the new office, which will focus on providing recruitment services for the renewables, power, built environment, technology and R&D sectors. Mr. Grams brings over 13 years of international recruitment experience and throughout his career
Talent Needs Spark Concern … and Opportunities
In every industry around the country, one problem persists: landing top flight talent. For the construction sector, the challenge to find the right people is magnified. In its not-so-distant past, building projects were field-driven by tough men in hard hats, and promotion to leadership positions came after one worked his way up through the ranks. Today, operations in the
Search Firms Focused On Growth & Expansion Acquire Rivals
Executive search firm McDermott & Bull has launched McDermott & Bull Europe B.V. via the recent acquisition of Amsterdam-based Interconsultants Executive Search. Financial terms of the deal were not disclosed. Interconsultants was founded by Jetse Reijenga in 1984 and has completed hundreds of search assignments for European and global clients, including Ricoh, Avery Dennison, Samsung,
Detroit Housing Commission Turns to Gans, Gans & Associates for New Leader
Executive search firm Gans, Gans & Associates has been retained by the Detroit Housing Commission to lead its search for a new executive director. Executive recruiter Diane Martin-Johnson is leading the assignment. The incoming executive director will serve as chief executive officer for the Detroit Housing Commission. The chosen leader will plan, organize, and direct a comprehensive program
PFM Executive Search Recruits CEO for Vancouver Children’s Society
PFM Executive Search has placed Bernice Scholten as chief executive officer of the Vancouver Society of Children’s Centers. Ms. Scholten brings an outstanding set of credentials and track record of working in both the not-for-profit and corporate sectors, having held senior leadership positions at the Canadian Breast Cancer Foundation (Western Canada), Variety – The Children’s Charity, the Heart
Morgan Samuels Appoints Emerging Products Practice Co-Leader
L.A.-based executive search firm Morgan Samuels has named Udo Eberlein as senior client partner and co-leader of its emerging products practice. Leveraging his experience in scaling technology companies, Mr. Eberlein will partner closely with partner Monica Bua. He will be based out of Sausalito, CA, and will continue to expand Morgan Samuels’ presence in the Silicon Valley market. Silicon Valley is home to
Heidrick & Struggles Posts Strong Global Revenue Gains
Executive search, leadership consulting and culture shaping services provider Heidrick & Struggles International / (NASDAQ:HSII) has posted 2016 global revenues of $582.4 million, a 9.6 percent increase from revenues of $531.1 million the year before. “We finished 2016 with solid fourth quarter results that reflect a return on the strategic investments we have made in the business over the
Search Firms In ‘Hiring Mode’ In San Francisco
Executive search firm ON Partners has appointed John Morrow as a partner and leader of its San Francisco office. Mr. Morrow, a search consultant focused on recruiting technology sector leaders, brings over a decade of experience to his new role. He has led hundreds of senior executive assignments for clients that range from early stage startups and
