LOS ANGELES--(BUSINESS WIRE)--Dec. 1, 2015--
Korn Ferry (NYSE:KFY), the preeminent global people and organizational
advisory firm, today announced that it has completed its acquisition of
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Through the talent, capabilities and insights of Hay Group, Korn Ferry
now has an unrivaled ability to address the entire talent continuum, a
move that affirms the critical role that people and leadership play in
driving organizational performance.
“We need a new conversation on people. Never before has there been so
much pressure on organizations to succeed. Yet by not applying the same
rigor to their people strategy as they do in other areas of their
business, organizations largely ignore their greatest lever for
success,” said Gary D. Burnison, CEO of Korn Ferry. “We are without
question the global leader in the business that enables business – the
people business. The combination of our two firms brings together nearly
7,000 talented professionals who have a single purpose – helping
leaders, organizations and societies succeed by releasing the full power
and potential of people.”
“The Korn Ferry-Hay Group combination marks a historic moment that will
reshape the future of work,” said Stephen Kaye, CEO of Hay Group. “This
is the perfect combination of two great firms that will be uniquely
positioned to help clients achieve their strategic goals and highest
aspirations. With more than a century of combined experience, and some
of the most prolific people, data and insights in the world, we now have
an incomparable capacity to deliver superior results for our clients –
ensuring they have the right people, fully aligned, developed and
Underpinning Korn Ferry and Hay Group is robust intellectual property
and one of the most comprehensive leadership, reward and assessment
databases in the world to accelerate client success.
Korn Ferry will serve clients through three business lines – Executive
Search, Hay Group (which now includes Korn Ferry’s former Leadership and
Talent Consulting segment) and Futurestep.
More information on the combination of Korn Ferry and Hay Group can be
found at kornferry.com/together.
About Korn Ferry
Korn Ferry is the preeminent global people and organizational advisory
firm. We help leaders, organizations and societies succeed by releasing
the full power and potential of people. Our nearly 7,000 colleagues
deliver services through Korn Ferry and our Hay Group and Futurestep
divisions. Visit kornferry.com for more information.
This press release contains “forward looking statements” within the
meaning of the “safe harbor” provisions of the United States Private
Securities Litigation Reform Act of 1995. Forward-looking statements may
be identified by the use of words such as “anticipate,” “believe,”
“expect,” “estimate,” “plan,” “outlook,” and “project” and other similar
expressions that predict or indicate future events or trends or that are
not statements of historical matters. Such forward-looking statements
include, but are not limited to, the expected benefits from Korn Ferry’s
acquisition of Hay Group, including the combined company’s plans,
objectives, expectations and intentions. Such statements are based on
current expectations and are subject to numerous risks and
uncertainties, many of which are outside of the control of Korn Ferry.
A number of factors could cause actual results or outcomes to differ
materially from those indicated by such forward looking statements.
These factors include, but are not limited to: (a) the ability to
successfully integrate the operations and employees of Hay Group into
Korn Ferry; (b) the ability to recognize the anticipated benefits of the
acquisition of Hay Group which may be affected by, among other things,
competition, the ability of Korn Ferry to grow and manage growth
profitably, maintain relationships with customers and suppliers and
retain key employees; (c) costs related to the acquisition of Hay Group;
(d) changes in applicable laws or regulations; (e) the possibility that
Korn Ferry or Hay Group or their respective subsidiaries and affiliates
may be adversely affected by other economic, business, and/or
competitive factors; and (f) other risks and uncertainties indicated
from time to time in Korn Ferry’s filings with the SEC.
Korn Ferry undertakes no obligation to update or revise its
forward-looking statements, whether as a result of new information,
future events or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151201005719/en/
Source: Korn Ferry
Dan Gugler, 310-226-2645