Hudson Highland Group Chairman and CEO Jon Chait to retire from the company
Hudson Highland Group, Inc has announced that Chairman and Chief Executive Officer Jon Chait intends to retire from the company at its annual meeting of shareholders on April 28, 2011.
After careful deliberation I have decided it is time for the company to transition to a new leader, Chait said. Hudson is progressing well in the aftermath of the global downturn and we have an excellent senior leadership team in place. After eight years at the helm I think this is a good time for me to move on to a new chapter in my life and for a new leader to take Hudson to the next level. I have discussed this with our Board of Directors and we have agreed to engage Spencer Stuart to conduct the search for a CEO. They will consider both internal and external candidates.
I am proud of all we have accomplished, Chait added. We have created, from the businesses spun off from Monster Worldwide in 2003, a distinctive global recruitment company with a strong set of values and ethics. While making high-quality candidates key to our operations, we have focused on deep practice specialization and recruitment solutions for our clients across the globe. We ran a tight ship during the downturn and have now returned to profitability. I wish my friends and colleagues continued success as the market recovers.
We are sorry to hear of Jons decision, Lead Director Dick Stolz said. The Board is very grateful to Jon for his tireless leadership, his integrity and his friendship which we will all miss. We wish Jon great happiness in the next chapter of his life. We are delighted that he has agreed to stay on as leader while we work with Spencer Stuart to find his replacement during the coming months.
Back in November Hudson UK introduced Paul Jacobs, former Adecco and Office Angels senior operating executive, as its new UK/Ireland/Middle East Chief Talent Officer. Reporting to the Chief Executive Officer Catherine King, Jacobs will be responsible for the recruitment, engagement and development of Hudson's people, as well as its Talent Management business.
With over 30 years' experience in the recruitment sector, encompassing multiple board level senior operative roles, Jacobs brings a stellar reputation and track record of developing profitable businesses through the engagement of people. During his career, Jacobs has led the growth and development of numerous speciality recruitment brands including Office Angels and Adecco. Most recently Jacobs served as Owner and Managing Director of LoveWorkLife Limited, a consultancy business providing strategic advice, coaching and mentoring to the recruitment industry.
'I am delighted to welcome Paul to our businesses.' said King. 'His role in the further development of Hudson's already great culture and Talent Management business is of paramount importance to the strategic goals and objectives of our business.'
'I am very excited about this opportunity,' Jacobs states. 'Hudson is a well-established credible business, with great people and unlimited prospects. As Chief Talent Officer, I am excited by the impact that getting the best from our people, engaging them with the business and helping them develop will have to the profitability and growth of our organisation. I am proud to work for a business that evidently puts its people at the very top of its strategic agenda.'