Korn/Ferry International was recognized as the top firm following just released annual rankings from the industry's two leading trade organizations to determine global revenues, practice breakdowns and staffing numbers. Analysts at Hunt-Scanlon and ERN confirm that for the 12 months ended January 31, 2005, Korn/Ferry's global revenues jumped 38 percent to $438 million -- $60 million ahead of its nearest competitor.
"Korn/Ferry competes in an industry with the highest quality competitors -- we are extremely pleased by the entire industry's performance and are proud to have reclaimed the number one position," said Paul C. Reilly, chairman and CEO of Korn/Ferry International. "This is truly a validation of our long term strategy, and it reinforces our dedication to providing clients with exceptional service."
While active in the Gulf Cooperation Council (GCC) market for nearly 30 years, Korn/Ferry International solidified its commitment to the region in November 2004 by opening a Dubai office. Since then, Korn/Ferry International, Middle East has continued to develop its client base with leading corporations throughout the Gulf region, while further strengthening its relationships with key industry leader organizations.
"It is tremendously satisfying for Korn/Ferry to be recognized once again as the world's largest executive search firm," said Metin Mitchell, Managing Director, Korn/Ferry International, Middle East. "Our global dominance is being reiterated in the Middle East, where there is huge potential in the GCC market. As many Middle East-based companies struggle to keep pace with continued development, Korn/Ferry's extensive global network and industry-specific expertise will enable us to effectively respond to clients' growing human capital needs."
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Korn/Ferry International retakes position as the world's number one executive search firm
- United Arab Emirates: Thursday, April 07 - 2005 at 15:01
- PRESS RELEASE
Korn/Ferry International (NYSE: KFY), the premier provider of executive search, outsourced recruiting and leadership development solutions, has retaken its position as the largest executive search firm in the world, according to industry analysts at Hunt-Scanlon Advisors and Kennedy Information, Inc.'s Executive Recruiter News (ERN).
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About Korn/Ferry InternationalKorn/Ferry International, with 70 offices in 35 countries, is the premier provider of executive search, outsourced recruiting and leadership development solutions. Based in Los Angeles, the firm partners with clients worldwide to deliver unparalleled senior-level search, management assessment, coaching and development and middle management recruitment services through its Futurestep subsidiary. For more information, visit the Korn/Ferry International Web site at www.kornferry.com or the Futurestep Web site at www.futurestep.com.
About Hunt-Scanlon Advisors
Hunt-Scanlon Advisors is a leading market research firm and online data provider to the executive recruiting and human capital industries. The firm publishes market intelligence, including: industry rankings, online research, real time electronic newswires, three monthly newsletters (Executive Search Review, Online Recruiting Strategist and Diversity Monitor), directories of executive recruiters and senior executives, online database products, and also provides advisory services. The firm's online recruitment portals for senior executives connect buyers and sellers of recruiting and human capital services worldwide. Hunt-Scanlon produces executive-level conferences on human capital management, senior-level recruiting, staffing technology, diversity and talent acquisition strategies for CEOs, senior human resource executives and recruiting professionals.
About Kennedy Information, Inc.
Founded in 1970, Kennedy Information, Inc. is the leading publishing and research firm covering the global business of executive recruiting. Kennedy Information publishes Executive Recruiter News, as well as Recruiting Trends and both the Corporate and International editions of The Directory of Executive Recruiters, the world's oldest and largest resources to organizations considering the engagement of executive search firms. Kennedy Information is a subsidiary of the Bureau of National Affairs, Inc., based in Washington, D.C.
Posted by Anne-Birte Stensgaard, Senior News EditorThursday, April 07 - 2005 at 15:01 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Tue Aug 23 2005.
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