David Nocifora, Chief Operating Officer, to Assume Chief Executive Officer Position at CTPartners
April 14 2015 - 4:15PM
Business Wire
The Board of Directors of CTPartners Executive Search Inc.
(NYSE:CTP), a leading global executive search firm, today announced
the appointment of CTPartners’ Chief Operating Officer David
Nocifora to the position of Chief Executive Officer. Through 2012,
Mr. Nocifora was the Chief Financial Officer and has held executive
level positions at the Company since 1994. Prior to being named
CEO, David was responsible for the firm’s entire operating
organization including Administration, Human Resources, Information
Technology, Research and Field Operations.
CTPartners previously announced that Brian Sullivan, Chairman
and CEO, will step down immediately following the filing of the
Company’s Form 10-K, which is expected on or before April 15, 2015.
It was also announced that Sylvain Dhenin would assume the role of
CEO. Mr. Dhenin will remain with the Company and as Head of
European, Middle East and Asia Pacific operations.
Michael Feiner, Chairman of CTPartners, stated, “As we further
evaluated our immediate needs in the chief executive officer
position, it became more apparent that David’s operating
experience, and familiarity with the Company’s operations will
serve our clients, employees and shareholders well. Sylvain will
now be able to focus entirely on servicing customers and building
our business.”
About CTPartners
CTPartners is a leading global executive search firm that is
designed to deliver in-depth expertise, creative strategies, and
outstanding results to clients worldwide. Committed to a philosophy
of partnering with its clients, CTPartners offers a proven track
record in C-Suite, top executive, and board searches, as well as
extensive experience in serving private equity and venture capital
firms.
From its 44 offices in 24 countries, CTPartners serves clients
with a global organization of more than 500 professionals and
employees, offering expertise in board advisory services, key
leadership functions, and executive recruiting services in the
financial services, life sciences, industrial, professional
services, retail and consumer, and technology, media and telecom
industries.
Safe Harbor Statement
The following is a Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995: This press release
includes forward-looking statements. As a general matter,
forward-looking statements reflect our current expectations and
projections relating to our financial condition, results of
operations, plans, objectives, future performance and business.
These statements may be identified by the use of forward looking
terminology such as "outlook," "believes," "expects," "potential,"
"continues," "may," "will," "should," "seeks," "approximately,"
"predicts," "intends," "plans," "estimates," "anticipates," or the
negative version of those words or other comparable words, but the
absence of these words does not necessarily mean that a statement
is not forward-looking. The Private Securities Litigation
Reform Act of 1995 provides a safe harbor for the disclosure of
forward-looking statements.
The forward-looking statements contained in this press release
are based upon our historical performance, current plans,
estimates, expectations and other factors we believe are
appropriate under the circumstances. The inclusion of this
forward-looking information should not be regarded as a
representation by us that the future plans, estimates or
expectations contemplated by us will be achieved since these
forward-looking statements are subject to various risks and
uncertainties and assumptions relating to our operations, financial
results, financial condition, business prospects, growth strategy
and liquidity. If one or more of these or other risks or
uncertainties materialize, or if our underlying assumptions prove
to be incorrect, our actual results may vary materially from those
indicated in these statements. Some of the key uncertainties and
factors that could affect our future performance and cause actual
results to differ materially from those expressed or implied by
forward-looking statements are: the actual closing of the financing
transaction, and the satisfaction or non-satisfaction as applicable
of one or more conditions to the closing of the second tranche of
the financing transaction, our expectations regarding our revenues,
expenses and operations and our ability to sustain profitability;
our ability to recruit and retain qualified executive search
consultants to staff our operations appropriately; our ability to
successfully integrate new executive search consultants and
acquired search firms into our operations; our ability to expand
our customer base and relationships, especially given the off-limit
arrangements we are required to enter into with certain of our
clients; further declines in the global economy and our ability to
execute successfully through business cycles; our anticipated cash
needs; projected cost savings as a result of reorganization; our
anticipated growth strategies and sources of new revenues;
unanticipated trends and challenges in our business and the markets
in which we operate; social or political instability in markets
where we operate; the impact of foreign currency exchange rate
fluctuations; price competition; the ability to forecast, on a
quarterly basis, variable compensation accruals that ultimately are
determined based on the achievement of annual results; and the mix
of profit and loss by country in which we operate.
The above list should not be construed as exhaustive and should
be read in conjunction with the other cautionary statements that
are included in our annual report on Form 10-K filed on March
12, 2014. The forward looking statements included in this press
release are made only as of the date hereof. We do not undertake
any obligation to update or review any forward-looking statement,
whether as a result of new information, future developments or
otherwise. You should, however, review the factors and risks we
describe in the reports we will file from time to time with the
Securities and Exchange Commission.
CTPartnersWilliam J. Keneally, 216-682-3103Chief
Financial Officerwkeneally@ctnet.comorEVC GroupChris Dailey
or Robert Jones, 646-445-4801Investor
Relationscdailey@evcgroup.com
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