Archive for the ‘executive recruiting’ Category

Executive Recruiting and the Board

Saturday, June 4th, 2011

Dennis Carey, a seasoned executive recruiter, is familiar with all the possible scenarios that can occur when the leadership of a company requires a change. Carey understands that whatever the reason, the board generally takes responsibility and works to provide the firm with solid new leadership.

Carey says: “The corporate board that takes on a systematic, predictable and transparent process in choosing the next leaders of the organization build stronger cultures, clarify the company’s strategy and deliver value to all stakeholders, including employees.”

Executive Education: Dennis Carey

Saturday, May 28th, 2011

Dennis Carey is an executive recruiter at Korn/Ferry International.

In an article, he explained:

“CEOs need to learn what they can from others who have acquired, largely by trial-and-error, insights into how to run a company. We believe there is an immense and largely untapped body of knowledge on these subjects. It resides among the fraternity of experienced, seasoned and retired CEOs who has been working in the trenches for many years. They may well be the best ‘executive education’ resource for current and future CEOs.”

Guidelines for Succession Planning: Dennis Carey

Saturday, May 21st, 2011

Dennis Carey is an executive recruiter with experience in CEO recruiting and board member recruiting.

On his website CEOsuccession.com, Mr. Carey presents some guidelines that are essential in any company:

“1. Have a strong, involved board

2. Continually expose top management to the board

3. Encourage the next generation of CEO prospects to get early experience with outside boards, the media and financial community

4. Create an active executive or operating committee so more executives get exposure to an overview of the company, its strategy and issues

5. Do succession planning on an on-going, real-time basis

Selecting a CEO: Dennis Carey

Thursday, May 12th, 2011

Dennis Carey, executive recruiter at Korn/Ferry International, understands that the process of selecting a new CEO is very complicated.

In an article, he wrote:

“A company would do well to establish parallel approaches to succession. Insiders often get the corporate top job- in fact, more than 80% of the current Fortune 100 CEOs were selected from within the companies’ ranks- yet the high turnover among CEOs is testament to the frequency with which companies pick the wrong insider. A set of parallel approaches allows a company to gather comparable data about internal candidates, with each process filling the informational gaps left by the other.”

The Board’s Role in Executive Recruiting

Wednesday, April 27th, 2011

Executive recruiters like Dennis Carey of Korn/Ferry understand that it is important for the board to take on recruiting responsibilities. Choosing a new CEO is a complicated task, and a company’s board is already familiar with the organizations goals and requirements. They are also the most likely to have an objective approach to the task.

Carey says: “The corporate boards that take on a systematic, predictable and transparent process in choosing the next leaders of the organization build stronger cultures, clarify the company’s strategy and deliver value to all stakeholders, including employees.”

Executive Recruiter Dennis Carey

Sunday, April 17th, 2011

Executive recruiting is a niche that has proved very helpful to companies and businesses around the world.

An example of a successful executive recruiter is Dennis Carey, Senior Client Partner at Korn/Ferry International. Mr. Carey specializes in CEO and corporate director recruitment.

Throughout his career, Carey has recruited CEOs and executives for 3M, Unisys, American Standard, Tyco International, MCI and many others. He has also found new board members and directors for companies like American Express, Rohm and Haas, Amgen, CBS, Tyco, AmerisourceBergen, V.F. Corporation, Allied Signal, Goldman Sachs, UNOCAL, Merrill Lynch, GlaxoSmithKline, CIGNA and others. Carey also co-founded numerous businesses, and wrote three books.

Dennis Carey’s CEOSuccession.com

Sunday, March 20th, 2011

Dennis Carey has a website called CEOSuccession.com. The website is based on his personal experiences as an executive recruiter, and provides insight and information in the area of CEO succession.

“In working with leading companies, we have developed a window on how boards can get it right when closing a new chief executive,” Carey says. “This is the critical fiduciary responsibility of the board, ensuring the steady flow of effective leadership in corporate America.”

“Whether by sudden tragedy, poor performance, merger, takeover or simple retirement, every CEO will leave his or her position. The corporate boards that take on a systematic predictable and transparent process in choosing the next leaders of the organization build stronger cultures, clarify the company’s strategy and deliver value to all stakeholders, including employees,” Carey said.

The Importance of Outside Chairmen: Dennis Carey

Saturday, March 5th, 2011

During the recession, while numerous companies struggled with the failing market, experienced executives were brought in to the picture in an effort to get the businesses back on their feet. These executives were utilized as ‘outside chairmen’, contributing their input and experience, and setting the businesses back on steadier ground.

“These chairmen are strategic equal partners of the CEO because they have already demonstrated a successful ‘in the trenches’ style of management,” said Denis Carey, a senior client partner and executive recruiter at Korn/Ferry International.

“The Audit Committees New Agenda”

Wednesday, January 26th, 2011

Dennis Carey, Robert Brust and H. David Sherman co-authored an article titled “The Audit Committee’s New Agenda” for the Harvard Business Review. The article addressed why it is so much more difficult to recruit executives to the audit committee than it is to recruit them to the board of directors.

In their writings they explain the phenomenon like this:

“After all, who in their right mind would want to trade sailing, golf, and exotic travel for the increasingly complex (not to mention high profile) new world of financial disclosure and reporting? Since the passage of Sarbanes-Oxley (SOX) legislation in 2002, audit team members have to adapt to new constraints on operating frameworks and committee composition and endure longer and more frequent meetings filled with all manner of compliance minutiae, while putting their own reputations on the line.”

The Importance of CEO Experience: Dennis Carey

Wednesday, January 19th, 2011

The number of retired business executives returning to the boardroom is growing on a yearly basis. Corporations across the globe are recognizing the benefits they can reap from the seniors’ experiences and knowledge in the field.

Dennis Carey, senior client partner at the recruitment firm Korn/Ferry said “these chairmen are strategic equal partners of the CEO because they already demonstrated a successful ‘in the trenches’ style of management.”

An example of one such man is John ‘Jack’ Kroll, the 73-year-old, retired CEO of DuPont Company. In 2009, following the company’s rise from bankruptcy court protection, Jack was named outside chairman of the auto-parts producer Delphi Automotive LLP. In his position, Jack came up with new plans and business strategies to set the business back on its feet.