The Lancer Group Fills Board Position for Liquidity Services
September 23, 2025 – According to recruiters interviewed by Hunt Scanlon Media, the executive search process for board directors is inherently complex and demands a customized approach. Firms specializing in board recruitment typically start with a thorough evaluation of the organization’s existing board structure, strategic objectives, and industry dynamics. This assessment helps shape the ideal candidate profile, which often includes sector-specific expertise, leadership experience, and a demonstrated ability to tackle challenges. Beyond technical qualifications, there is a strong focus on diversity—encompassing gender, ethnicity, and professional backgrounds—to foster a broader range of perspectives within the boardroom.
La Jolla, CA-headquartered search firm The Lancer Group has partnered with NASDAQ-traded Liquidity Services to recruit Paul Hennessy as a new member of its board of directors.
“We are thrilled to welcome Paul to our board of directors,” said Bill Angrick, chairman and CEO of Liquidity Services. “Paul’s deep knowledge and extensive experience building technology-enabled marketplaces in both business and consumer channels on a global scale will be instrumental as we continue to expand our market presence, enhance our service offerings, and pursue emerging opportunities to drive long-term growth.”
Mr. Hennessy is an experienced CEO with over 30 years of leadership experience focused on growing and optimizing innovative, market leading technology and marketplace businesses. He has served as the CEO of Shutterstock since July 2022 and as a member of Shutterstock’s board of directors since April 2015. From June 2016 to May 2022, Mr. Hennessy served as CEO and member of the board of directors of Vroom, a provider of AI-powered analytics, financing and digital services for automotive dealers and consumers of pre-owned vehicles. Prior to joining Vroom, from April 2015 through June 2016, he served as CEO of Priceline.com, a pioneer in online travel and travel related reservation and search services. From November 2011 to March 2015, Mr. Hennessy served as chief marketing officer of Booking.com, an online booking accommodations provider. From July 2006 to October 2011, Mr. Hennessy was chief distribution officer of Priceline.com.
“I am honored to join the board of Liquidity Services,” said Mr. Hennessy. “I look forward to working with the leadership team to advance the company’s strategic priorities and contribute to its ongoing success and innovation as the market leader powering the circular economy.”
Related: The Lancer Group Fills Top Sales Post for NINJIO
Liquidity Services operates the world’s largest B2B e-commerce marketplace platform for surplus assets with over $10 billion in completed transactions to more than five million qualified buyers and 15,000 corporate and government sellers worldwide. The company supports its clients’ sustainability efforts by helping them extend the life of assets, prevent unnecessary waste and carbon emissions, and reduce the number of products headed to landfills.
Private Equity Veterans
With relationships at over 50 of the top 100 private equity firms, The Lancer Group provides a range of pre-deal private equity advisory services beyond traditional executive search. These include deal origination, diligence support and introductions to “backable” executives. The firm, which is privately held, operates from offices in Boston, New York, San Diego, San Francisco, and Sydney, Australia.
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Scott Dunklee is a founder and managing partner of The Lancer Group. He has been instrumental in the firm’s development since 1998, overseeing over 350 C-suite searches predominantly for private equity-backed software companies. Mr. Dunklee has led The Lancer Group’s focus on software, and personally recruited out of more than 100 industry verticals as well as led the firm’s value creation services effort – linking C-suite executives with actionable deal ideas for the firm’s PE clients. Notably, one of those introductions led to a $200 million equity check “in” and over $800 million back to the PE fund.
Related: The Lancer Group Recruits Marketing and Sales Officers for FMG Suite
Contributed by Scott A. Scanlon, Editor-in-Chief and Dale M. Zupsansky, Executive Editor – Hunt Scanlon Media
