Korn/Ferry
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| Type | Executive Search/Public (NYSE: KFY) |
|---|---|
| Founded | Los Angeles, California (1969) |
| Headquarters |  Los Angeles, California, USA |
| Key people | Lester Korn, Founder Richard Ferry, Founder Paul C. Reilly, Chairman/CEO Gary Burnison, CFO/COO Gary Hourihan, President Dan Demeter, CIO |
| Industry | Executive Recruitment |
| Revenue | ▲ US $551.77 million (2006) |
| Net income | ▲ US $59.43 million (2006) |
| Employees | 1401 (2006) |
| Website | www.kornferry.com |
Korn/Ferry International, headquartered in Los Angeles, is the world's largest executive search firm,[1] and the largest publicly-traded search firm in the United States,[2] with 89 offices in North America, Europe, Asia/Pacific, Latin America, the Middle East and South Africa. Since the firm's inception, it has conducted over 100,000 senior-level searches.[3] In the 2008 fiscal year the company produced a global revenue of $790.6 million and had 2,584 employees.[4]
The firm was founded in 1969 by Lester Korn and Richard Ferry.[5] Paul C. Reilly, a former chief executive officer of KPMG, is the current Chairman of Korn/Ferry; he was the Chief Executive Officer from June 2001 to June 2007. He has BS and MBA degrees from the University of Notre Dame. Gary D. Burnison, a former partner at KPMG, is the current CEO, replacing Reilly in July 2007.[6]
The company claims expertise across a range of fields, including the consumer, financial, industrial and technological areas, as well as healthcare services and life sciences. They offer recruitment services for executives and leadership and talent consultancy. A subsidiary company, Futurestep, offers recruitment and consultancy aimed at other management levels.
In response to the recent recession, the firm announced it would lay off 15% of its employees and refocus on providing more executive consulting services, as well as mid-level and interim placements.[2]
[edit] References
- ^ "Korn/Ferry Profit Doubles". Los Angeles Times. 2005-03-09. pp. C-2. http://articles.latimes.com/2005/mar/09/business/fi-korn9. Retrieved on 2009-02-09.
- ^ a b Huslin, Anita (2009-02-09). "Search Firms Feel Chill of Recession". Washington Post. http://www.washingtonpost.com/wp-dyn/content/article/2009/02/08/AR2009020801666.html?hpid=topnews. Retrieved on 2009-02-09.
- ^ Reese, John (2008-01-31). "KFY Is a Good Fit". TheStreet.com. http://www.thestreet.com/p/_googlen/rmoney/investing/10401458.html?cm_ven=GOOGLEN&cm_cat=PREMIUM&cm_ite=003956. Retrieved on 2009-02-09.
- ^ Reilly, Paul C. "Korn/Ferry Annual report to shareholders 2008". Korn/Ferry International. http://media.corporate-ir.net/media_files/irol/10/100800/AR/2008AnnualReport.pdf. Retrieved on 2009-01-31.
- ^ "Hot Growth Special Report 2006". Business Week. 2006. http://www.businessweek.com/hot_growth/2006/company/82.htm. Retrieved on 2009-02-09.
- ^ "Gary D. Burnison". Forbes. http://people.forbes.com/profile/gary-d-burnison/47827. Retrieved on 2009-02-09.
[edit] External links
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