DHI Group, Inc. (NYSE: DHX), a leading online career resource and talent acquisition platform for technology professionals and other select professional communities, today announced that its Board of Directors and its President and Chief Executive Officer, Michael Durney, have initiated a CEO transition plan. Mr. Durney will remain President and CEO until March 31, 2018 or until a successor is found. In the event the search process extends beyond March 31, Mr. Durney has agreed to stay on for a designated period. Once a successor is appointed, Mr. Durney will serve in an advisory capacity for a short time to help ensure a smooth transition.
The Board has commenced a search process for a new CEO and has retained Heidrick & Struggles, an international executive search firm.
"As DHI continues to execute on its strategy to become a single tech-focused organization, now is the right time in the Company's evolution to implement a CEO transition plan," said John Barter, Chairman of the Board. "The Board remains confident in the Company's strategy and believes that there are opportunities to accelerate DHI's progress and improve business execution. The Board is confident in its ability to identify a successor who will effectively drive improved growth and shareholder value by reinvigorating DHI's technology talent acquisition franchise and fast-tracking the development of next-generation talent acquisition solutions."
Mr. Barter continued, "Mike has been a senior executive at DHI for over 17 years, serving as CFO when he first joined the Company in 2000 and then as CEO since 2013. On behalf of the Board of Directors, I thank Mike for the energy and dedication he has brought to DHI throughout his tenure."
"We are executing on our go-forward strategy focused on tech and skills, which we are confident will bring renewed growth to the Company. I will continue to work on focusing our resources behind the tech-first strategy and deepening engagement with professionals while the Company conducts its search for the next leader of the business," said Michael Durney, President and Chief Executive Officer of DHI Group, Inc.
About DHI Group, Inc.
DHI Group, Inc. (NYSE: DHX) is a leading provider of data, insights and employment connections through our specialized services for technology professionals and other select online communities. Our mission is to empower tech professionals and organizations to compete and win through expert insights and relevant employment connections. Employers and recruiters use our websites and services to source, hire and connect with the most qualified and highly-skilled tech professionals, while professionals use our websites and services to find ideal employment opportunities, relevant job advice and tailored career-related data. For over 25 years, we have built our Company on providing employers and professionals with career connections, news, tools and information. Today, we serve multiple markets located throughout North America, Europe, the Middle East and the Asia Pacificregion. Find out more at http://www.dhigroupinc.com/home-page/default.aspx.
