Charles Harrington Joins Korn Ferry’s Board of Directors; Jerry Leamon Succeeds Christina Gold as Non-Executive Chair

Rhea-AI Summary

Korn Ferry (NYSE: KFY) announces new appointments to its Board of Directors. Charles Harrington joins as a Board Director, bringing nearly 40 years of experience in strategy and operations, including leadership roles at Parsons Corporation. Christina Gold retires after serving since 2014, while Jerry Leamon steps up as Non-Executive Chair. George Shaheen also retires after over 12 years of service. CEO Gary D. Burnison expresses confidence in Harrington's contributions to enhance Korn Ferry's services and strategy integration.

Positive

• Charles Harrington's extensive experience and leadership in operations are expected to strengthen Korn Ferry's strategic direction.
• The planned succession in the Board reflects a structured approach to governance, potentially assuring investors of continuity.

Negative

• Christina Gold and George Shaheen's departures may create a temporary leadership gap, raising concerns about continuity.

LOS ANGELES--(BUSINESS WIRE)-- Korn Ferry (NYSE: KFY) today announced the election of a new member to its Board of Directors, in addition to the appointment of a new Non-Executive Chair.

• Charles Harrington joins as a Board Director.
• Christina Gold, who has served on the firm’s Board since 2014, and most recently as the Non-Executive Chair since 2019, retires from the Board.
• Current Board member Jerry Leamon succeeds Ms. Gold as Non-Executive Chair as part of a planned succession.
• George Shaheen retires from the Board after more than 12 years of total service, including as Non-Executive Chair from 2012 to 2019.

Harrington brings to Korn Ferry’s Board extensive experience in strategy development and execution, transformation, operations, and technology development. Over his nearly 40-year career at Parsons Corporation, Harrington held increasing roles of responsibility, including 13 years as CEO, 12 years as President, and two years as CFO, EVP, and Treasurer. He also has significant public company Board and advisory experience.

“We are pleased to have Chuck join our Board,” said Gary D. Burnison, CEO, Korn Ferry. “I believe his extensive business experience, technology credentials and financial acumen will be a great fit for Korn Ferry as we continue our efforts to broaden the scope of our offerings and help companies synchronize their strategy, operations, and talent to drive superior performance.

“I would also like to recognize Christina and George for their many contributions as Board members. On behalf of the rest of the Board and Korn Ferry’s stockholders, I thank and congratulate Christina and George for their outstanding years of service. At the same time, we offer our appreciation to Jerry, a long-standing, dedicated Board member who will now assume a new role as our Non-Executive Chair.”

About Korn Ferry

Korn Ferry is a global organizational consulting firm. We work with our clients to design optimal organization structures, roles, and responsibilities. We help them hire the right people and advise them on how to reward and motivate their workforce while developing professionals as they navigate and advance their careers.

Forward-Looking Statements

Statements in this press release that relate to Korn Ferry’s goals, strategies, future plans and expectations, and other statements of future events or conditions are forward-looking statements that involve a number of risks and uncertainties. Words such as “believes”, “expects”, “anticipates”, “may”, “should”, “will” or “likely”, and variations of such words and similar expressions are intended to identify such forward-looking statements. Readers are cautioned not to place undue reliance on such statements. Such statements are based on current expectations; actual results in future periods may differ materially from those currently expected or desired because of a number of risks and uncertainties that are beyond the control of Korn Ferry, including those risks and uncertainties included in Korn Ferry’s periodic filings with the Securities and Exchange Commission, including the factors described in the sections entitled "Risk Factors" and “Forward-Looking Statements” of the Company’s Annual Report on Form 10-K for the fiscal year ended April 30, 2022. Korn Ferry disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220923005326/en/

Dan Gugler

310-552-1834

dan.gugler@kornferry.com

Source: Korn Ferry

FAQ

Who has been appointed to the Board of Directors of Korn Ferry (KFY)?

Charles Harrington has been appointed as a new Board Director.

What changes occurred in the leadership of Korn Ferry (KFY)?

Christina Gold retired as Non-Executive Chair, and Jerry Leamon has succeeded her in this role.

Why did Christina Gold and George Shaheen retire from Korn Ferry's Board?

Their retirements are part of planned succession and transition of Board leadership.

What experience does Charles Harrington bring to Korn Ferry (KFY)?

Harrington has nearly 40 years of experience, particularly in strategy development and operational leadership.

How might the new appointments affect Korn Ferry (KFY)?

The appointments may enhance strategic oversight and operational effectiveness, aligning with Korn Ferry's goals.