Press

Toronto tech firms seeing more interest from U.S. job seekers — and not just because of Trump

May 24, 2017 -

 

CBC: Last month, Roy Pereira, CEO of Toronto startup zoom.ai, received so many applications for a software engineering position from U.S.-based job seekers that he thought they were fake.

“I thought it was maybe bots spamming us,” he remembered, noting only about one per cent of the company’s past applications had come from the States.

The applicants he interviewed, many of whom were living in Silicon Valley, praised Toronto’s tech scene and expressed doubts about how they’d fare under the mercurial immigration policies of U.S. President Donald Trump.

“There was a burgeoning high tech revival [in Toronto] happening aside from the Trump election. Without a foundation of that [sector], there would be nothing to come here for,” said Elan Pratzer, a managing partner at executive search firm Caldwell Partners.

Click to read full article.

INFINZ Awards: Celebrating the best in finance

May 20, 2017 -

 

nzherald.co.nz: Last night the business community celebrated the best in finance at the Institute of Finance Professionals New Zealand (INFINZ) Awards held at Auckland’s Langham Hotel.

Rod Duke, managing director of Briscoe Group, won the supreme Caldwell Partners Leadership Award for his contribution to the retail chain.

Click to read full article.

Why companies struggle to cultivate digital strategies

May 17, 2017 -

 

CIO.com: Companies cultivating digital strategies are struggling to facilitate transformations because most CIOs are simply not equipped to be digital leaders. While enterprise CIOs can create functional technology systems, many lack the visionary skills required to be a change agent in the digital age, according to Shawn Banerji, managing partner of the technology, digital and data leaders practice at Caldwell Partners.

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How CIOs and CISOs Raced to Defend Corporate Networks as WannaCry Erupted

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The Wall Street Journal: CIOs and security chiefs say the scope and intensity of the global cyberattack that has hit more than 150 countries since Friday will mark a turning point in the way that corporations approach network security, and that staffing, investment, and policy all will come under review.

Matt Comyns, managing partner of the cybersecurity practice at executive search firm Caldwell Partners International Inc., said he spoke with a CISO Monday whose team worked 12-hour shifts over the weekend defending his company’s systems.

That CISO he spoke to also fielded two phone calls from his CEO and one from the chairman of the board, who served on the board’s audit committee. The company contacted the Federal Bureau of Investigation and global police forces, and worked with legal and PR teams to determine how the company would respond if hit, Mr. Comyns said. As of this morning, the firm was “still on hyper alert,” he said.

“This nimbleness and well coordinated effort show how important it is to be ready and have a plan,” Mr. Comyns said. “You have to be willing to drop what you’re doing and mobilize.”

Click to read the full article.

Toronto Region Board of Trade & Caldwell Partners to host a leadership forum connecting Canada’s Top 40 Under 40® Award Recipients

March 15, 2017 -

Toronto Region Board of Trade:

Toronto, ON, March 15, 2017—Toronto Region Board of Trade is excited to announce its participation in Canada’s Top 40 Under 40® Awards, founded and managed by Caldwell Partners. This Fall, the Board will host a leadership forum connecting 2017 award winners and alumni. (more…)

Why You Should Own This 8% Yield Play With A Rock Solid Balance Sheet And Growing Business

February 16, 2017 -
Seeking Alpha:

Summary

  • Caldwell is a tiny executive search company that is profitable, has a resilient balance sheet, strong capital allocation, and is growing internationally.
  • When stocks are this cheap the best catalyst, in our experience, is time. The 8% dividend doesn’t hurt either.
  • We think this stock should be trading 50% above its current level, and even then it would be an attractive investment.

Caldwell Partners (OTC:CWLPF) has been growing sales at a 14% CAGR for the past decade, has 75% of its market cap in cash, no debt, and trades on an LTM P/E net of cash of just 3.3x (EV/EBITDA around 2.9x). Want more? (more…)

The importance of the beginning — 4 must-dos to improve employee onboarding.

October 18, 2016 -

 

CREANDUM: Sourcing, interviewing, evaluating, negotiating and closing candidates is what most people define as recruiting. But one of the most fundamental parts of any complete recruiting process also involves onboarding the new hire onto your organization. Onboarding is the structured way get a new employee to a fully contributing team member. During this time period, an employee’s output is often negative because they consume resources from the rest of the organization. But don’t do the common mistake of disregard the onboarding process’ importance.

Click here to read Creandum’s blog post, which give some of their best practices and some insights from Mercedes Chatfield-Taylor, managing partner of our Private Equity & Venture Capital Practice.

“Successful onboarding requires a strong foundation and a transparent plan. This requires a commitment on the part of the full organization.” — Mercedes Chatfield-Taylor, Managing Partner at Caldwell Partners.

Torstar CEO David Holland to step down later this year

July 6, 2016 -

 

The Globe and Mail: The president and chief executive officer of Torstar Corp., David Holland, will retire later this year, paving the way for a new regime to take charge of the company that publishes the Toronto Star at a difficult stage in its history.

Torstar announced Wednesday that Mr. Holland, 58, who joined the company in 1986 and has served as CEO for seven years, will leave this fall. A search for his successor is under way.

Some industry veterans see Lorenzo DeMarchi, Torstar’s chief financial officer, as one of the leading internal candidates, but Torstar will also look outside its ranks with help from the executive search firm Caldwell Partners.

Click to full story.

Gateway Media CEO leaves company for West Coast

June 22, 2016 -

 

Bizjournals.com: Gabe Douek, the chief executive officer of Gateway Media since the Clayton-based tech startup was spun off from Answers Corp. in 2014, has left the company. Douek said he and his wife moved after his wife found a job on the West Coast. Douek said he’s currently exploring new opportunities. According to his LinkedIn account, he’s started a consulting business in the digital and internet marketing space.

Gateway Media owns a portfolio of entertainment and culture websites and reported $58 million in revenue last year. This year, the company projects $74 million in sales.

Tom Hillman, chairman of Gateway Media’s board, said the company has hired executive search firm Caldwell Partners to find a new CEO. “We have a great team… and the company is having record performance over the last few months,” he said in an email. (more…)

Hiring the best executive ‘athlete’ benefits women (and maybe men)

June 4, 2016 -

 
Globe and Mail: Caldwell’s Elan Pratzer proposes we change our approach to the search for senior talent – especially as it relates to women – and focus on hiring the best “athlete” – the most skilled, even if not the most experienced.

Doors will open wider for women if we give them access to opportunities they are currently denied not because of prejudice, but because of perceived risk mitigation. If we properly weight the value of skill over experience, more women will compete as best athletes. Better-skilled men will also benefit and our companies will be stronger for it.
(more…)

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My Son’s Autism Inspired Me to Run Marathons

April 7, 2016 -

Everyday Health: By Chris Beck, Special to Everyday Health

Hi, I’m Chris. My wife, Melissa, and I have an 11-year-old son, Owen Honor Beck. He’s awesome. Owen has an equally awesome twin sister, Jessica.

Unfortunately, Owen and Jessica don’t get to see each other much anymore. That’s because Owen has autism, and an awful lot of communication and behavioral challenges. Some of his behaviors got to be so challenging that about 18 months ago, we placed him in a residential program where he now lives with some other really great kids with autism. (more…)

Leadership Void: Change Agents Sought for Life Sciences Sector

January 26, 2016 -

Hunt Scanlon Media:
Given the integration of technology into all facets of everyday life, the healthcare industry is not alone in facing technology-related issues. These take on increased importance when they impact health, disease diagnosis, treatment and, ultimately, human longevity. Having the right leaders in place to sort through these complex challenges, say recruiters serving the sector, is critical — especially those with vision and transformational skills.

“We’re seeing more and more receptivity to leaders from a variety of backgrounds, not just IT, because of the necessity to have a breadth of knowledge and experience,” said Jim Bethmann, managing partner at Caldwell Partners.

One outcome Caldwell Partners has delivered is a new chief executive officer for Health2047, a new start-up backed by a $15 million investment from founding partner American Medical Association (AMA). It is aimed at harnessing Silicon Valley expertise and innovation to help solve key problems in the healthcare field.

Leading the search assignment were Darin DeWitt, managing partner of Caldwell’s life science and healthcare practice, and Mr. Bethmann, who oversees the firm’s TMT & IT services and information security practices.

“It was a unique and fascinating search, looking for a leader who can leverage the strength and history of the AMA in identifying and developing novel early stage companies,” said Mr. DeWitt.

(more…)

How the Liberal ‘revenue neutral’ tax plan could cost billions and push top talent south

January 15, 2016 -

Financial Post: OTTAWA — The cornerstone of the Liberal campaign platform was a pledge to grow the economy and create jobs by putting more cash into the hands of middle-class Canadians through aggressive new tax measures.

But that policy pillar — to be supported by higher tax payments by the country’s biggest wage earners — could be crumbling, less than three months post-election.

“The typical ‘one per cent’ are in positions that have more mobility in their roles,” says Les Gombik at Caldwell Partners, a global executive recruitment firm in Calgary.

“They are typically executives that are making greater dollars, and those are often the types of roles where they could do those types of roles in different markets,” he says, adding that the drop in the value of the loonie compared to the U.S. dollar was already inspiring people to look south of the border. (more…)

Lackluster Bonuses May Lead Fund Pros to Jump Ship

January 11, 2016 -

Ignites.com, A Financial Times Serivce: Fund professionals who receive lower bonuses for 2015 may jump ship to bump up their base salaries to compensate for the reduced pay, say several industry recruiters.

Managers are forced to take a harder look at the performance of their team members when bonus pools shrink, says recruiter Glenn Buggy, a New York– and Stamford, Conn.-based partner at Caldwell Partners.

“When things are going great, it’s easy just to pay everybody,” he says. “But when things are tough, it makes [professionals] really earn their money.” (more…)

Former Ashley Madison CEO touts ‘philanthropic generosity’ as he looks for work with new website

January 4, 2016 -

National Post: Noel Biderman’s new website touts him as a lawyer with experience as a corporate executive, responsible for “$100’s of Millions in profits and EBITA.”

Biderman also happens to be the former chief executive of the cheating site Ashley Madison, resigning in August after hackers dumped members’ personal information online.

Biderman has not spoken to the media since news of the hack broke and did not respond Monday to a request for comment. Elan Pratzer, managing partner of Canada at the executive search firm Caldwell Partners, said employers generally take a dim view of prospective hires who leave obvious gaps on their resumes. (more…)

Reaching for the top rung on the compensation ladder

December 10, 2015 -

Financial Post: Compensation for CFOs in Canada has climbed to as much as US$27 million as executives take on more strategic roles in companies.

The combined salary 10 of the highest-paid CFOs in the country came in at about $80 million, according to calculations made from a recent Report on Business (ROB) ranking. That’s the equivalent to what Taylor Swift made, or closer to home, Justin Bieber, according to the Forbes celebrity list.

Finding the right talent for an organization’s specific needs is becoming more challenging, said Toronto-based Elan Pratzer, managing partner at executive search firm Caldwell Partners. (more…)

Headhunters woo low-cost Venezuela talent amid crisis

August 5, 2015 -

Reuters: Headhunters across Latin America are tapping Venezuela for low-cost professionals as a deepening economic crisis has left many skilled workers earning less money than taxi drivers and waiters.

Highly-trained Venezuelans are seeking to escape a decaying socialist economy in which they often have to work second jobs and spend hours in line to buy basic goods such as milk or diapers.

The crisis has created a fertile market for global search firms including Korn/Ferry (KFY.N), Caldwell Partners (CWL.TO) and Stanton Chase as well as smaller regional companies. (more…)

Legal Marketing Market – Michael DeCosta (Caldwell Partners)

June 30, 2015 -

New York Legal Marketing Association: Michael DeCosta has helped shape the legal marketing profession for nearly two decades by placing many of the leaders in our field in their jobs.

Michael is a partner at Caldwell Partners, one of the top executive search firms, where he leads the firm’s Professional Services practice out of its Stamford, CT office.

Along with other executive recruiters, Michael has an interesting vantage point of the legal marketing industry as well as the legal marketing talent market. His line of sight into law firm 2.0 has made him a sought-after speaker on professional services and legal career management, including the recent LMA Annual Conference in San Diego.

In the first edition of our new Legal Marketing Market feature, Mike DeCosta shared his insights on our business with Catherine Hausman. (more…)

Career Coach: Know How Much You’re Worth

June 29, 2015 -

Ignites.com, A Financial Times Serivce: How should professionals figure out their worth when negotiating a promotion or position with a new firm? Responses have been edited for clarity and concision.

Glenn Buggy is a senior partner in the asset management practice at Caldwell Partners, an executive search firm.

If someone’s making a move, what I suggest they do is research job postings and network to get a sense of the compensation range. But in the end, if you’re looking to be recruited or you’re getting a promotion, I think it’s a very efficient market. The compensation amount required to secure the candidate that the company wants is what it’s going to take to entice the person.< !–more–>
Click to read full article.

Oilpatch Executives Upbeat, Despite Downturn: Survey

May 20, 2015 -

Daily Oil Bulletin: Despite a downturn that continues to squeeze the oil and gas sector, industry executives are optimistic about the future, a recent survey has found. (more…)

Canada Oil, Gas Survey Reveals Optimism Regarding Hiring Plans for 2015

May 15, 2015 -

Rigzone.com: Results from a recent survey of executives for oil and gas companies in Canada revealed that their hiring plans for 2015 may be more positive than public perception. Despite the current decline in global oil prices, only 27 percent of top 50 respondents (CEOs from companies included in the 2014 list of Top 50 Performing Oil and Gas Companies) agreed with the statement “we plan to reduce headcount in 2015 given current market conditions,” according to the survey by executive search firm Caldwell Partners. (more…)

General Electric Acts to Prevent GE Capital Employees From Leaving

May 7, 2015 -

Wall Street Journal: General Electric Co. may be getting out of finance but, until then, it is trying to keep its bankers. Having announced its intention to sell roughly $200 billion in GE Capital operations, the company has taken steps to prevent key employees at GE Capital from jumping ship and has moved to stop competitors from swooping in and poaching staff.

There are signs that some are already scouting new employers. Paul Heller, managing partner in the global financial services practice at recruiting firm Caldwell Partners International Inc., said he has received “a number of unsolicited inquiries” from GE Capital employees. (more…)

Would you hire Jim Prentice? Now-former Alberta premier likely to ‘land on his feet’ despite stunning election failure

May 6, 2015 -

National Post: Don’t feel too sorry for Jim Prentice.

Last time the now-former Alberta premier left politics, it was on a high note. In 2010, Prentice resigned as federal environment minister to take a job as vice-chairman at the Canadian Imperial Bank of Commerce, with a salary widely reported as being in the seven-figure range.

“Will he have opportunities? The answer is yes. Will he have opportunities of size? I believe the answer is yes. With that comes appropriate compensation,” said Elan Pratzer, managing partner of Canada at the executive search firm Caldwell Partners. “He’ll land on his feet. I think he’ll be respected and coveted.” (more…)

Cisco’s New CEO Is an Insider, Sales Pro

May 5, 2015 -

Wall Street Journal: Cisco Systems Inc. named a new boss who seems a lot like the old boss. Chuck Robbins, who will assume the CEO job from John Chambers on July 26, shares many attributes of his predecessor—an upbringing in the American South, a strong background in sales and a warm personal style to court customers and rally employees.

Jim Bethmann, head of the high-tech practice at executive recruiters Caldwell Partners International in Dallas comments on Robbins and his dedication to Cisco. (more…)

Caldwell Partners’ rapid growth will not go unnoticed much longer

April 19, 2015 -

Investorfile.com: TOP IDEAS: With revenues of $50 million plus, Caldwell Partners International (TSX: CWL) will now be on the watch list of strategic buyers which could value the stock at $2.30 and higher.

With a year-over-year revenue increase of 30% in Q2, Caldwell Partners International Inc. (TSX: CWL – $1.26) posted another strong quarter in fiscal 2015. But what has gone unnoticed: In the last 12 months this Company has generated about $50 million in sales, an annual revenue run-rate that, no doubt, will be exceeded by the time Caldwell Partners reports its fiscal 2015 results. (more…)