Korn Ferry
 |
|
| Public | |
| Traded as | : KFY |
| Industry | Professional services |
| Founded | November 14, 1969 |
| Founder | Lester Korn Richard Ferry |
| Headquarters | 1900 Avenue of the Stars, Los Angeles, California, USA |
|
Key people
|
Gary Burnison (CEO) Robert P. Rozek (EVP, CFO and CCO) |
| Products |
Executive search Employee retention |
| Revenue |
 US $1.346 billion (Q4 FY16) |
|
US $30.913 million (Q4 FY16) |
|
|
Number of employees
|
7,000 (2016) |
| Website | www.kornferry.com |
Korn Ferry International, headquartered in Los Angeles, is an organizational and people advisory firm and the world's largest provider of executive search.
The firm was founded in 1969 by Lester Korn and Richard Ferry. The two first met in 1962, when they worked for Los Angeles accounting firm—Peat, Marwick, Mitchell. Before leaving to form Korn Ferry, the two made partner at the firm.
In 1972 the firm went public with an IPO and within two years (1974) had acquired all outstanding shares to become private again.
In the 1970s Korn Ferry expanded internationally by a combination of acquiring small to medium-sized enterprises and setting up subsidiaries of Korn Ferry International. An example being the formation of Tokyo, Japan based Korn Ferry International Japan in 1973.
With the opening in 1975 of Korn Ferry International Singapore the company had 41 offices in 20 countries.
Two years later in 1977 acquired the Mexico City firm Hazzard & Associados. The next year in 1978 they opened offices in Malaysia and Hong Kong and acquired the UK firm John Stork. In 1979 they acquired Australian-based Guy Pease Associates.
By 1981, the company was the largest executive search firm in the world, with Lester Korn serving as Chairman and CEO.
In 1987 Korn Ferry opened an office in Bangkok, Thailand with a footprint of 37 offices in fifteen countries servicing around 1,250 client corporations and organizations.
In 1989, the firm's revenues exceeded $100 million equivalent to ($193 million in 2015) for the first time.
On May 10, 1991 Lester Korn retired as chairman with Richard Ferry then president and CEO assuming the additional role of chairman.
Reflective of 1991 executive-recruiting firms' economic outlook in the face of corporate clients successfully arrangements of lower fees, added services without cost, and industry trend of search firms being used less; Richard Ferry implemented cut costs through office closing and redundancies.
Under Richard Ferry, Korn Ferry in 1993 acquired and merged its European operations into Carre Orban and Partners that was branded in Europe as Korn/Ferry Carre/Orban International.
Korn Ferry opened their first office in India (1994), China (1995), Indonesia (1996), and South Korea (1998).
Beginning in 1992 Korn Ferry implemented a video-conferencing system to speed up the screening of job candidates.
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Wikipedia