Providence names O'Reilly as new CEO
The Board of oil and gas exploration company Providence Resources has announced that Tony O'Reilly Jnr has been appointed Chief Executive with effect from September 1st.
O'Reilly is currently chief executive of Wedgwood, a division of Waterford Wedgwood.
The appointment follows approval by shareholders last week of a takeover waiver that allows O'Reilly to invest more money into the company.
The waiver exempts O'Reilly from Rule 9 of the Takeover Panel, which would have obliged him to make an offer for the outstanding shares of Providence, if he chooses to exercise 66.2 million warrants.
O'Reilly, aged 38, has worked in mergers & acquisitions at Dillon Read, the investment bank and in corporate finance at Coopers & Lybrand, advising natural resource companies, before joining ARCON as director in 1992.
He was chief executive at ARCON from 1996 to 2001 and non-executive chairman of ARCON from 2001 until earlier this year when that company merged with Lundin Mining.
He has been a director of Providence since its foundation on demerger from ARCON in 1997 and is currently its Deputy Chairman. He is a non-executive director of Lundin Mining, one of the world's biggest zinc producers.
He joined Wedgwood as deputy chief executive in 2001 and became chief executive in 2002.
Providence names O'Reilly as new CEO - Business World, live news from Ireland, plus Irish archive, lists, companies information
Providence names O'Reilly as new CEO
CPI names Eastman Kodak exec as new CEO
CPI Corp., the operator of Sears Portrait Studios, has chosen as its new chief executive an Eastman Kodak Co. executive with experience in digital photography.
Paul C. Rasmussen, 45, will move to CPI on Aug. 15 from Kodak's offices in Geneva, Switzerland, where he's vice president of digital and film imaging systems.
STLtoday - Business - Workplace:"CPI names Eastman Kodak exec as new CEO"
Mile High Capital Group Announces Andrew McFaul as New CEO
Mile High Capital Group, Ltd. ( MHCG ), a Denver, Colorado-based real estate developer, has announced Andrew McFaul as the company’s new CEO. This announcement accompanies the sale of the company by former owner and CEO Rick Dryer to McFaul, the former COO. The sale took place July 1, 2005.
i-Newswire.com - Press Release And News Distribution - Mile High Capital Group Announces Andrew McFaul as New CEO
Andrew McFaul, Andy McFaul, Mile High Capital
AstraZeneca names David R Brennan as new CEO
NEW YORK, July 29 (newratings.com) – London-based drug maker AstraZeneca (GS7.FSE) announced on Thursday that David R Brennan, who heads the company's North American operations, would be the CEO from January 1, 2006.
AstraZeneca had recently announced that the current CEO, Tom McKillop, would leave next year. Tom McKillop's departure sparked speculations in the market that AstraZeneca was a potential acquisition target, especially for GlaxoSmithKline (GSK-GBX). AstraZeneca's share price rose 5.6% to 2480p on Thursday on the news of the appointment of the new CEO and the company's Q2 results, which were ahead of the consensus forecasts. Several analysts said that Brennan has the tough task of addressing the company's long-term growth-related issues.
AstraZeneca names David R Brennan as new CEO | newratings.com: "AstraZeneca names David R Brennan as new CEO"
Korn/Ferry International ranked top executive search firm
Korn/Ferry International said Monday it has regained its position as the No. 1 executive search firm in the United States and the world, according to recently released rankings from two trade organizations.
Korn/Ferry, which ranked third in the United States and second internationally a year ago, edged out Chicago-based Heidrick & Struggles International Inc. (NASDAQ:HSII), which took the top spot globally last year, and Chicago-based Spencer Stuart, which was No. 1 in the United States last year.
Spencer Stuart and Heidrick & Struggles were second and third, respectively, on both rankings this year.
Industry analysts at Hunt-Scanlon Advisors and Kennedy Information Inc.'s Executive Recruiter News looked at global revenue, practice breakdowns and staffing numbers at the largest 100 companies to rank the top 40 domestic firms and the top 20 international firms.
Korn/Ferry, which has an office in Dallas, topped both lists for the first time since 2000.
Korn/Ferry's revenue grew 38 percent over the past 12 months ended Jan. 31, to $438.1 million -- $60 million more than its closest competitor.
Korn/Ferry's U.S. revenue grew 31 percent to $214 million.
Kennedy Information Inc. is a publishing and research firm covering executive recruiting. It is a subsidiary of the Bureau of National Affairs Inc., based in Washington, D.C.
Hunt-Scanlon Advisors is a unit of Stamford, Conn.-based Hunt-Scanlon Corp.
Web sites: www.kornferry.com and press.arrivenet.com/bus/article.php/610570.html.
© 2005 American City Business Journals Inc.
Korn/Ferry ranked top executive search firm - 2005-03-21: "Korn/Ferry ranked top executive search firm"
Top Executive Search Firm Ranking
Love them or hate them, executive search firms are part of the recruiting process at most companies today. And the more prestigious and well-regarded the firm, the better. That's why Vault brings you our first Top 20 Executive Search Firms ranking.
In today's high-pressured candidate driven economy, quickly bringing aboard top talent can mean the difference between success and failure of your company. And when the going gets tough, we often turn to executive recruiters for help. And the more prestigious and well-regarded the firm, the better.
340 employers, managers and recruiters responded to our Top Executive Search Firms survey in February 2001 and ranked the top recruiting firms in the country. They also gave us their opinions about how useful they find recruiters - and whether they're worth the price.
Read on and you'll find the rankings, profiles of top executive search firms, comments from insiders, and more.
Top 20 Executive Search Firms
1 Korn/Ferry International
2 Heidrick & Struggles
3 A. T. Kearney
4 Spencer Stuart
5 Russell Reynolds Associates
6 Christian & Timbers
7 TMP Worldwide
8 Egon Zehnder
9 Michael Page International
10 Solomon-Page Group
11 Ray & Berndtson
12 Management Recruiters International
13 Norman Broadbent International
14 The Witney Group
15 Robert Half International
16 Allen & Associates
17 J. B. Hunt Executive Search
19 Battalia Winston International
20 Amrop International
Executive Search Firm Rankings: Vault Prestige Survey
Search is on for London 2012 chief executive.
Following the announcement that London is to host the 2012 Olympic Games, Lord Coe has claimed that work has already begun on making the bid dream a reality.
The government’s Olympic Bill has already had its first reading in Parliament and the search is on for a chief executive to lead the London Organising Committee of the Olympic Games (LOCOG) – the body responsible for hosting the 17-day event.
Coe will become chair of the organisation and Keith Mills, chief executive of the London 2012 bid team, will become deputy chair.
“The role of chief executive of LOCOG is a very different role to that of leading a bid team and requires a very different skill set,” said Mills.
“We will be appointing an executive search firm in the next week or so and the search for a full time chief executive will be underway in early August.
“We expect to have a someone identified by the end of the year, but this is a critical appointment and we are not going to rush it.”
Coe and Mills, along with other members of the 2012 team, will shortly be heading out to Australia to learn about the hosting of the Sydney 2000 Olympics, which Coe said were the ‘high watermark’ of recent Olympic Games.
World Leisure Jobs & News: "Search is on for London 2012 chief executive"
Korn/Ferry International, the premier provider of executive search, outsourced recruiting and leadership development solutions, has appointed Reza Ghazali as country head and managing director, Malaysia, with effect from July 1, 2005.
Reza takes over the role from Yeap Jin-Soo, who has been in charge of the Malaysia operations since 1998. Yeap will continue to contribute to further grow Korn/Ferry’s business in Malaysia.
Reza, who is also senior client partner in Korn/Ferry, joined the firm in 1995 as a senior associate. In a statement on July 8, Korn/Ferry said Reza’s search experienced spans across several industries. He is currently an active member of the KFI Global Technology Markets.
"A well-known member of the Malaysian business community, Mr Reza has achieved notable recognition for helping Malaysian companies recruit top management.
"He also serves on the Board of a Mesdaq-listed company and is a member of the ‘by invitation only’ Corporate Malaysia Roundtable," it said.
Korn/Ferry’s Asia/Pacific President, Charles Tseng said: “The personalised level of service that our team has been able to deliver clients in Malaysia has been one of the key factors of our success here.
"Reza’s strong relationships in local business circles have made him a trusted advisor among leaders in the technology and other sectors across the country and the Asean region.”
“I welcome the challenge of this new role, and together with my fellow partner, Yeap Jin-Soo and the KL team, look forward to being part of Malaysia’s exciting growth phase.
"We will continue to introduce our human capital solutions and use our personalised service to bring change to Corporate Malaysia. I personally look forward to being of service to all past, existing and new clients,” said Reza.
"India Tops Annual List of Most Attractive Countries for International Retail Expansion
Friday July 8, 11:17 am ET
Eastern Europe Is Top Region With 11 Countries Among the Top 20 in A.T. Kearney's Global Retail Development Index
CHICAGO, July 8 /CNW/ -- India represents the most compelling international investment opportunity for mass merchant and food retailers looking to expand overseas, according to management consulting firm A.T. Kearney's 2005 Global Retail Development Index (GRDI), an annual study of retail investment attractiveness among 30 emerging markets."
The study also found that countries in the top third of the annual index experience retail sales growth rates twice as high as countries in the bottom of the index, indicating retailers should pay particular attention to entering these markets early.
Published annually since 2001, the GRDI helps retailers prioritize their global development strategies by ranking emerging countries based on a set of 25 variables including economic and political risk, retail market attractiveness, retail saturation levels, and the difference between gross domestic product growth and retail growth.
India moved from second place to first in the 2005 index, displacing Russia which had held the top spot since 2003. Driving India's move was a greatly improved investment climate due to the recent relaxation of direct ownership restrictions on foreign retailers. The country's retail market totals $330 billion, is vastly underserved and has grown by 10 percent on average over the past five years. It is also one of the most fragmented retail markets in the world -- the combined market share of the top five retailers totals less than two percent.
"The message for retailers on India is clear: move now or forego prime locations and market positions that will become saturated quickly," said Mike Moriarty, A.T. Kearney vice president. "Global retailers that missed opportunities to capture first-mover advantage in China can make up for it in India."
A.T. Kearney anticipates that global retailers such as Wal-Mart, Carrefour, Tesco and Casino will rapidly take advantage of the more favorable FDI rules and enter India through partnerships with local retailers. Other retailers such as Marks & Spencer and Benetton Group who are currently operating through a franchise model will most likely switch to a hybrid ownership structure. Combating the moves of global retailers, leading Indian retailers such as Pantaloon, Westside and Big Bazaar will look to increase scale and enhance logistics and supporting technology.
Russia's drop from first to second place in the GRDI can be attributed to a steady stream of foreign retailers entering the market during the last few years. While the country remains attractive its market saturation continues to increase indicating the time is now for retailers still thinking about entering Russia.
Despite Russia's drop, Eastern Europe continues to represent the best investment opportunities for retailers -- Eastern European countries make up 11 of the top 20 investment destinations in the index. Ukraine jumped eight places to third because of strong increases in GDP and retail sales, a highly fragmented market and large urban population. Bosnia-Herzegovina and Macedonia both enter the index for the first time this year.
Joining India, Russia and Ukraine on the list of 10 countries retailers should enter immediately are China, Slovenia, Latvia, Croatia, Vietnam, Turkey and Slovakia (see complete listing below).
"Eastern Europe really represents three distinct opportunities global retailers should be acting on: Russia, traditional Eastern Europe like Hungary and Romania, and 'new' Eastern Europe like Ukraine, Slovenia and Latvia," said Fadi Farra, senior manager with A.T. Kearney and leader of the study. "Retailers who plan properly can leverage capabilities across some of these smaller, closely located countries and gain a distinct advantage."
The research suggests that fast-moving retailers with patience will be rewarded if they enter the right countries. A.T. Kearney created a GRDI circa 1995 to apply the methodology to the world's developing markets at the time. Not one of the top 10 markets in 1995 remains there today. Between 1995 and 2004, the countries at the top of what would have been the 1995 GRDI experienced growth in modern retail sales of 9 percent. In contrast, those at the bottom of the 1995 index grew at just 4 percent.
"Many of the top 1995 countries experienced macro-economic shocks like currency crises and natural disasters, yet their retail sales rate still grew faster than other countries over the 10-year period," Moriarty said. "This underscores the need for retailers to take a long-term view when entering developing markets and realize that economic or political instability could be among the costs of first-mover advantage."
"At least 10 retailers have exited emerging markets so far in 2005," Farra said. "Too many retailers still under-play the importance of timing when planning their entry in new markets."
A copy of the 2005 GRDI study and individual destination reports on India, Russia and Ukraine is available at http://www.atkearney.com/main.taf?p=5,3,1,108
About A.T. Kearney
A.T. Kearney (http://www.atkearney.com ) is one of the world's largest management consulting firms. With a global presence spanning major and emerging markets, A.T. Kearney provides strategic, operational, organizational and technology consulting and executive search services to the world's leading companies. A.T. Kearney is the management consulting subsidiary of leading global technology services company EDS (NYSE: EDS - News).
2005 A.T. Kearney Global Retail Development Index
Country 2005 Rank 2004 Rank Change
India 1 2 1
Russia 2 1 -1
Ukraine 3 11 8
China 4 3 -1
Slovenia 5 4 -1
Latvia 6 6 0
Croatia 7 5 -2
Vietnam 8 7 -1
Turkey 9 8 -1
Slovakia 10 9 -1
Chile 11 12 1
Thailand 12 10 -2
Bulgaria 13 13 0
South Korea 14 14 0
Tunisia 15 15 0
Macedonia 16 N/A N/A
Lithuania 17 17 0
Malaysia 18 19 1
Hungary 19 16 -3
Bosnia and Herzegovina 20 N/A N/A
Saudi Arabia 21 21 0
Romania 22 24 2
Morocco 23 18 -5
Mexico 24 26 2
Egypt 25 20 -5
Taiwan 26 22 -4
Philippines 27 23 -4
Indonesia 28 28 0
Brazil 29 N/A N/A
Pakistan 30 N/A N/A
About the study
A.T. Kearney's Global Retail Development Index ranks 30 emerging countries on the urgency for retailers to enter the country. The scores are based on 25 variables across four primary categories: economic and political risk; market attractiveness; market saturation; and time pressure (difference or addition between gross domestic product and modern retail area growth).
India Tops Annual List of Most Attractive Countries for International Retail Expansion:
Courage Center, a rehabilitation and resource center for people with disabilities, has hired Alice Johnson as its new chief financial officer (CFO), the nonprofit announced Wednesday.
Johnson was most recently CFO for Planned Parenthood of Minnesota, North Dakota and South Dakota. She has also been a consultant for TRG Healthcare and system director of contracting for HealthEast Care System.
"Alice Johnson's strong background in financial and business strategy in both the nonprofit and health care sectors will be a great asset for us," Courage Center CEO Jan Malcolm said in a statement. The nonprofit is based in Golden Valley.
Johnson, a Minnesota resident, received her bachelor's degree in history from Macalester College and her master's degree in business administration from the University of Minnesota.
Courage Center names new CFO - 2005-07-13