LOS ANGELES - Combined Firm to Further Extend Korn/Ferry’s European Presence and Depth of Offerings
Korn/Ferry International (NYSE: KFY), a premier global provider of talent management solutions, today announced that it has acquired London based Whitehead Mann, a leading international talent management firm known for its CEO and board relationships and strong roster of clients throughout Europe. Financial terms of the transaction were not disclosed.
The acquisition, which creates the leading executive search firm in the United Kingdom and France, brings together two firms with more than 80 years of operating and talent management experience.
“The combination of Korn/Ferry and Whitehead Mann represents a marriage between two of the industry’s most preeminent executive search and leadership firms,” said Gary D. Burnison, CEO of Korn/Ferry International. “The strategic alignment of our firms brings together a more comprehensive, diversified organization that will deliver unmatched capabilities and further extend our brand throughout the world.”
Piers Marmion, CEO and co-managing partner of Whitehead Mann will join Korn/Ferry as chairman of EMEA.
“Whitehead Mann and Korn/Ferry are both leading brands closely aligned in practice areas, markets and our overall strategic approach to working with clients,” said Piers Marmion, Whitehead Mann CEO. “This merger will extend our collective capabilities, build on our shared strengths and create more opportunities with clients who will benefit from our unparalleled, combined expertise.”
About Whitehead Mann
Whitehead Mann’s client roster includes 90 of Europe’s top 200 companies, mostly in the FTSE 100 and Fortune 500 with an equal emphasis on the boards of high-growth, frequently private-equity, sponsored businesses. Whitehead Mann has regional hubs in the Middle East, Europe and Asia and by building deep integrated relationships with clients internationally, it also delivers searches in Africa, India, Australia and North America.
About Korn/Ferry International
Korn/Ferry International, with a presence throughout the Americas, Asia Pacific, Europe, the Middle East and Africa, is a premier global provider of talent management solutions. Based in Los Angeles, the firm delivers an array of solutions that help clients to attract, develop, retain and sustain their talent. Visit www.kornferry.com for more information on the Korn/Ferry International family of companies, and www.kornferryinstitute.com for thought leadership, intellectual property and research.
Forward-Looking Statements
Statements in this press release that relate to future results and events (”forward-looking statements”) are based on Korn/Ferry’s current expectations. Readers are cautioned not to place undue reliance on such statements. Actual results may differ materially from those currently expected or desired because of a number of risks and uncertainties that are beyond the control of Korn/Ferry. The potential risks and uncertainties relate to the integration of Whitehead Mann’s operations into Korn/Ferry’s as well as competition, exchange rates, the maintenance of client relationships and global economic conditions and developments. For a detailed description of additional risks and uncertainties that could affect Korn/Ferry’s business, please refer to Korn/Ferry’s periodic filings with the Securities and Exchange Commission. Korn/Ferry disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Source: Korn/Ferry International
Andrew Nicolls, +44-207-786-4881, andrewn at penrose.co.uk, or Sue Matthews, +44-207-786-4822, suem at penrose.co.uk, both for Korn/Ferry; or Richard Evans, +44-207-630-1411, REvans at TheCommunicationGroup.co.uk, for Whitehead Mann
Related Press Releases
Recession Concerns Ease but Global Executives Don't Believe Bull Market Translates to Labor DemandSeptember 28th, 2009 LOS ANGELES -
- Labor Market Data Rated Most Accurate Economic Indicator; Majority of Executives Feel Labor Recovery Will Lag Equity Markets
The most recent Executive Quiz results released today by The Korn/Ferry Institute reveal a significant improvement in the overall attitude of global executives about the direction of the economy, but lingering anxiety about labor markets. According to the survey, a substantially higher percentage of executives feel the economy is in recovery.
Inaugural Korn/Ferry 'Confidence in Leadership Index' Reveals Stability Despite Economic TurbulenceSeptember 16th, 2009 LOS ANGELES -
- Regional Differences Emerge in Global Leadership Study - North America Demonstrates Most Positive Attitudes Towards Corporate Leadership; Europe Shows Most Skepticism
The Korn/Ferry Institute today revealed a new quarterly study designed to reflect the attitudes and opinions of global executives on corporate leadership. The inaugural "Confidence in Leadership Index" shows that despite a turbulent economy and broad swings in a variety of economic indicators, confidence in leadership globally remained stable between May 2009 (when the first benchmark survey was issued) and August 2009.
City Talk: Ken Livingstone To Visit SydneySeptember 8th, 2009 SYDNEY -
Former Mayor of London Ken Livingstone will give a free public talk about sustainable cities and integrated transport in Sydney, Australia on Wednesday 16 September. The City Talk, presented by the City of Sydney Council, will be Mr Livingstone's only public appearance in Sydney.
New Chief Executive Officer and Vice President Commercial Operations USA at the Helsinn Group's American subsidiary, Helsinn Therapeutics (U.S.) Inc.September 8th, 2009 LUGANO, Switzerland - As part of the Helsinn Group's development strategy, William Mann, PhD, has been appointed as new CEO in the American subsidiary, Helsinn Therapeutics (U.S.) Inc. William Mann, PhD, was already Chief Operating Officer of the recently acquired Helsinn Therapeutics, and has held leadership positions in a Swiss multinational with positions in Business Development and in Research.
Sinopec International Takes up Additional Addax Petroleum Corporation SharesAugust 27th, 2009 CALGARY, Canada - Sinopec International Petroleum Exploration and Production Corporation ("Sinopec International") is pleased to announce that additional common shares of Addax Petroleum Corporation ("Addax Petroleum") have been tendered to the offer (the "Offer") dated July 9, 2009, as extended, made by Mirror Lake Oil and Gas Company Limited ("Mirror Lake"), an indirect wholly-owned subsidiary of Sinopec International. Mirror Lake has taken up all such additional Addax Petroleum common shares as of the expiry of the Offer on August 27, 2009 and has now taken up an aggregate of 162,947,508 Addax Petroleum common shares, representing approximately 98.22% of the Addax Petroleum common shares on a diluted basis.
Nearly Half of Employed Executives Are Dissatisfied With Their Jobs, According to Korn/Ferry Executive QuizAugust 9th, 2009 LOS ANGELES -
- Results Also Reveal Lack of Trust of Managers and CEOs
The most recent Executive Quiz results released today by The Korn/Ferry Institute reveal that nearly half (47 percent) of employed executives are either somewhat or very dissatisfied with their current position. The lackluster job market has not only left executives unhappy with their jobs, but survey results also uncover a lack of trust for corporate leadership.
Bernard S. Zen-Ruffinen Joins Korn/Ferry as New President of EMEAJune 30th, 2009 LOS ANGELES -
Korn/Ferry International (NYSE: KFY), a premier global provider of talent management solutions, today announced that Bernard S. Zen-Ruffinen has joined the firm as president of EMEA.
Executives Delay Retirement Plans According to Korn/Ferry Executive QuizMay 20th, 2009 LOS ANGELES - Results Reveal that More than Half of Executives Plan to Retire After Age 64
- Concern About Losing Baby Boomers from the Workforce Increases
The reality of deflated retirement savings accounts may be causing global executives to re-evaluate how long they stay in the workforce. The latest Executive Quiz released by The Korn/Ferry Institute reveals that a majority - 52 percent - of executives plan to retire at age 64 or higher, a jump of eight percent compared with results collected in 2004 when Korn/Ferry last surveyed executives about retirement plans.
Shire plc: Results of the Annual General Meeting Held on April 28, 2009April 27th, 2009 DUBLIN - Shire plc (LSE: SHP, NASDAQ: SHPGY), the global specialty biopharmaceutical company, announces that at its Annual General Meeting today, all resolutions contained in the notice of meeting were duly passed and the results of the poll are as follows:
For* Against Withheld** 1. To receive the Company's accounts together with the director's and auditor's reports 385,589,148 2,271,000 26,380 2.
More Executives See Signs of Recovery Following March Stock Market RallyApril 7th, 2009 LOS ANGELES - Despite Acknowledging the 'Severe Recession,' Percentage of Executives Who Believe the Economy is Recovering Nearly Doubled in March -
Buoyed by a sustained stock market rally, executive attitudes about the state of the global economy ticked up in March, though the majority still feel we are in the midst of a "severe recession" according to results from the latest Executive Quiz released today by The Korn/Ferry Institute. Additional findings show that executives favor limited involvement by governments in key corporate actions such as layoffs and compensation limits, but the majority feels that bonuses should be returned by executives at companies receiving government bailout funds.
Related News
Orangutan aborts ingenious escape planMay 10th, 2009 SYDNEY - An audacious break-out attempt Sunday at a zoo in Australia saw a 27-year-old female orangutan called Karta disable an electric fence and use a makeshift ladder for her escape, before aborting the attempt. Adelaide Zoo curator Peter Whitehead said Karta had used a stick to short-circuit the electric fence and piled up branches and other objects in her pen to climb to within metres of visitors.
Police: Georgia teenager shoots sleeping stepsister 10 times after he wakes up from dreamAugust 8th, 2009 Ga. teen accused of shooting stepsister 10 timesAUGUSTA, Ga. —Authorities in Georgia say a 14-year-old boy awoke from a bad dream and shot his stepsister in the head 10 times while she napped on the couch.
'Ingenious' orangutan makes a run for it at Australian zoo, prompting evacuationMay 10th, 2009 Orangutan makes a run for it at Australian zooADELAIDE, Australia — A zoo in Australia was evacuated Sunday after an "ingenious" 137-pound (62-kilogram) orangutan short-circuited an electric fence and hopped a wall surrounding her enclosure. The ape, a 27-year-old female named Karta, jammed a stick into wires connected to the fence and then piled up debris to climb a concrete and glass wall at the Adelaide Zoo.
Radical Sikh leader demands 'buffer state' status for PunjabFebruary 24th, 2009 CHANDIGARH - Radical Sikh leader, Simranjit Singh Mann Tuesday demanded that Punjab be declared a 'buffer state' with its own independent government, given its sensitive location between India and Pakistan. Addressing media here, Mann, who also heads the Akali Dal (Amritsar) said: 'We want peace to prevail between India and Pakistan but the present conditions point towards a certain war between the two countries.
Indian American doctor faces trial for keeping high explosivesApril 23rd, 2009 WASHINGTON - An Indian-born doctor in the US faces a June 1 trial on a charge of possessing explosive only permitted for military use. Randeep Mann, 50, arraigned before US Magistrate J.
Girl, 2, critically injured in shooting at Indianapolis wedding reception; 2 others woundedJuly 26th, 2009 Girl, 2, shot at Indianapolis wedding receptionINDIANAPOLIS — Police say a 2-year-old girl was shot and critically injured during a wedding reception at an Indianapolis park. Two women also were wounded by gunfire.
Coast Guard rescues 2 who had been adrift 52 hours in open 15-foot skiff off Aleutian IslandsJune 22nd, 2009 2 rescued after drifting 52 hours off AleutiansANCHORAGE, Alaska — Rod Whitehead had doubts of seeing his five children again as he marked 52 hours adrift in an open skiff in the northern Pacific on Father's Day. But that afternoon, as hypothermia and dehydration threatened, Whitehead and deckhand Bill Osterback spotted a basket and a swimmer breaking through the heavy Aleutians Islands fog as they were lowered from a Coast Guard helicopter.
2-year-old girl shot in head at Indianapolis wedding reception; 2 women woundedJuly 26th, 2009 2-year-old shot at Indianapolis wedding receptionINDIANAPOLIS — Police say a 2-year-old girl was shot and critically injured during a wedding reception at an Indianapolis park. Two women also were wounded by gunfire.
Toddler critically injured in shooting at Indianapolis wedding reception; 2 others woundedJuly 26th, 2009 Toddler shot at Indianapolis wedding receptionINDIANAPOLIS — Police say an 18-month-old girl was shot and critically injured during a wedding reception at an Indianapolis park. Two women also were wounded by gunfire.
Canada's Heritage Oil agrees to acquire $2.7B deal for Turkey's Genel EnerjiJune 9th, 2009 Heritage Oil agrees to buy Turkey's Genel EnerjiCALGARY, Alberta — Canada's Heritage Oil Ltd. says it has agreed to buy the privately-held Turkish oil producer Genel Enerji AS for shares worth more than 3 billion Canadian dollars ($2.7 billion).