CDI Corp. strengthens executive team with three corporate veterans
David Arkless will serve as President, International Michael Castleman will be Executive Vice President, Corporate Development and Operations and Hugo Malan will join as Executive Vice President, President of Staffing for North America. Together, these hires signify a focused effort by the company to build an executive team that will accelerate value creation for shareholders.
"These are high performance hires for CDI and signal the standard by which we will run the company," said CEO Scott Freidheim. "Given an assessment of our company's talent and our aspirations toward value creation, there was an opportunity to enhance leadership in the areas of staffing, operating analytics, strategic thinking, acquisitions and partnerships, and geographic coverage outside of North America and the U.K. These accomplished executives were attracted to the opportunity to grow CDI and capitalize on our business opportunities."
A veteran of the human capital management industry, Arkless spent more than 20 years with ManpowerGroup in strategic services, global account sales, global consulting, and corporate and government affairs, along with serving as a member of the organization's global executive team. A renowned global expert in the areas of labor market strategy and business development in the sector, he has served as vice president of CIETT, the international confederation of private employment agencies, and played a major role in the development of inward investment strategies into China as vice president of the China International Council for the Development of Multi-National Corporations. Arkless will assume responsibility for all international operations focusing on global business development for CDI.
Castleman most recently served as president of Kenmore, Craftsman and DieHard brands. In that role, he oversaw all strategy and operations related to product development and management, brand marketing, strategic sourcing, business development and brand extension. He initially joined as chief financial officer, responsible for financial management and operational performance improvement. Previously, Castleman founded or co-founded several investment firms, including Lehman Brothers Venture Partners, where he served as managing director and co-head. At CDI, Castleman will lead enterprise analytics and performance optimization, as well as corporate development via partnerships, mergers and acquisitions.
Malan is the former president of fitness, sporting goods & toys business at Sears Holdings Corporation. He was responsible for all aspects of the growth and profitability of the fitness, sporting goods & toys businesses across both the Sears and Kmart formats, in-store and online. Previously, he held the title of managing director at Barclays Capital and Lehman Brothers. Malan also served as associate principal with McKinsey & Company, an information technology consultant, and researcher at Los Alamos National Laboratories. He will run all of CDI's North American staffing operations.
Like Freidheim, who joined CDI Corp. six weeks ago, the compensation contracts for these new executives are structured to emphasize the creation of tangible shareholder value. "Shareholder returns will guide everything we do as an executive team," said Freidheim. "These executives saw an opportunity to build upon CDI's current strengths and were committed to our philosophy of compensation contingent upon value creation."