Increasingly senior executives are realizing that they need to actively manage their career rather than merely waiting for a recruiter to call them about an opportunity. And, LinkedIn is quickly becoming the online place to project their brand. Each year LinkedIn provides a review of the most common buzz words that executives use to describe themselves and because these are so common, these are the words to avoid in your resume and LinkedIn profile. The three most overused terms in 2014 were “motivated,” “passionate” and “creative.” Also making the top ten list were “track record” and “expert”. More information can be found at LinkedIn’s Blog so that you can fine tune your resume and LinkedIn profile to stand out from the crowd.
2014 turned out to be similar to 2013 with respect to senior executive turnover. The economy is improving and employment improved in 2014, but the long term unemployed and slow growth in salaries for most workers continue to be problematic. Liberum Research points out in a recent report that executive turnover totals for C-level executives in North America showed declines from 2009 through the second quarter of 2011. Since then, C-level turnover has been increasing, but this has been in “fits and starts” with 2014 C-level turnover being significantly below that seen in 2008. Liberum believes that the trend will remain about the same through 2015.
The table below details the annual C-level turnover as registered through Liberum Research’s Management Change Database for 2008 through 2014.
For more information about Liberum’s Online Management Change Database contact Richard Jacovitz at email@example.com.
According to Government statistics, Liberum Research and ADP’s November Employment Report there are positive signs for increasing hiring and executive turnover. In particular, we have noticed an increase in executive turnover for a few months in a row which makes us bullish for executives in a career transition. Liberum reports executive turnover totals were positive in the year to year November 2014 to the month of November 2014. For November 2014 increases in turnover occured in all four key categories. CEO changes increased 5% from November a year earlier, CFO changes increased 23%, C-level changes increased 5%, and board of director changes increased 2%. Liberum anticipates executive turnover will continue to grow as we move into the winter and the early spring which, if true, will bode well for the overall North American economies.
For more information contact:
- Liberum Research – The largest database of C-level executive change at public companies. Frequently quoted in the financial press, Liberum helps investors monitor this important, continuous stream of investment events.
- ADP – provides comprehensive payroll services, employee benefits administration and human capital management solutions for businesses of all sizes.
Robert J. (Bob) Ryan, a global business leader, has joined Shields Meneley Partners as an Executive Advisor. Bob’s career has included key leadership roles with companies ranging from $500M to $84B that include Proctor & Gamble, Tate and Lyle, Bombardier Recreation Products, Kimball Hill Homes and Griffith Laboratories.
Born in Montreal, Canada, Bob began his career as a manufacturing engineer after graduating from Carleton University in Ottawa, and McGill University in Montreal with a degree in mechanical/aeronautical engineering. He quickly developed a reputation for bringing the right people together to address issues, guiding creative problem solving, and ensuring successful outcomes. When approached by his CEO, he “jumped at the chance” to lead strategic human capital initiatives that directly impacted the bottom line. His career progressed rapidly as he took on – and resolved — complex problems in global organizations. He is known as a gifted listener and go-to-coach for all levels in an organization. He has been described as “captain of the team, a master of common sense and the last guy off the ice.”
Bob has served on the Boards of the British American Business Council, the Northwest Cultural Council, and the Human Resource Management Association of Chicago. He has also been on boards representing economic development, education, and the arts.
Bob is also a graduate of the Hudson Institute Coaching Program and a member of the International Coach Federation. He will join Shields Meneley Partners as an Executive Coach in the Executive Transition practice and the Global Talent Development practice where he will focus on building strategic business partnerships and expanding service offerings to top leadership teams around the world.
Michael Kors Holdings Limited, a global luxury lifestyle brand, today announced that Ms. Pascale Meyran has been named to the newly created role of Senior Vice President, Chief Human Resources Officer. She will report to John D. Idol, the Company’s Chairman and Chief Executive Officer.
Ms. Meyran’s appointment, effective September 15, 2014, is a key element in the brand’s development of a strategic global infrastructure. In this new role, Ms. Meyran will oversee the creation of a best in class Global Human Resources Department, with a focus on a robust learning and talent development program.
“We are excited to have someone with Pascale’s extensive human resources background join our team,” said Mr. Idol. “As we continue to expand and strengthen our position as a leading global luxury brand, it is essential that we develop the best and the brightest talent to support our growth. Pascale’s appointment brings us a wealth of experience in talent development and training on both a domestic and international level.”
Ms. Meyran has over 28 years of human resources experience, and is acclaimed for her organizational development and innovation, particularly on a global scale. Most recently, Ms. Meyran was at S.C. Johnson & Son, where she held the position of Senior Vice President of Global Human Resources since 2010. Prior to her 20-year tenure at S.C. Johnson & Son, Ms. Meyran worked in a variety of human resources functions at General Electric.
“I am thrilled to be joining the exceptional team at Michael Kors,” says Ms. Meyran. “It is a creative, dynamic brand, and I look forward to contributing my global human resources experience to drive talent development and corporate training to further the company’s success.”
Shields Meneley Partners is pleased to announce that Mr. Paul Janicki has joined Sierra Nevada Brewing Company as Chief Financial Officer. Mr. Janicki was recruited to lead the strategic, financial and business activities and initiatives to support the company’s next generation of growth. Mr. Janicki’s background is diverse across industries and businesses, including a global Fortune 50 corporation, mid-cap private companies, and entrepreneurial ventures. Prior to being appointed CFO of Sierra Nevada, Mr. Janicki served as CFO for Roquette America, a European producer of carbohydrate-based products for the nutrition, food/beverage, industrial and pharmaceutical industries. Mr. Janicki served in various financial and business roles with The Dow Chemical Company including CFO and COO in specialty lines of business, divisions and strategic investments.
Sierra Nevada Brewing Company is America’s premier artesian brewer. It is privately held with 750 employees. It is headquartered in Chico, CA and recently launched a new east coast facility. The company began in 1980 with a humble, hand-built brewhouse and quickly became a pioneer in the craft brewing industry. Over its 30+ year history, Sierra Nevada has remained true to its roots and committed to producing only the finest ales and lagers possible. Today Sierra Nevada is America’s longest-running craft start-up, and boasts the number one best-selling craft brand in the country – the legendary flagship, Sierra Nevada Pale Ale.
There are signs that you are about to lose your job according to Wall Street Journal writer Joanne Lublin. We find that most executives are intensely focused on their jobs to the exclusion of thinking about their career, so we are not too surprised when a new transition client says, “I was totally blind-sided. I didn’t see it coming.” This article which has quotes by Gail Meneley and Hugh Shields has some interesting thoughts for all executives to become more aware about the subtle messages that their boss may be sending when they are in jeopardy of losing their job.
A client recently told me excitedly that she had received a job offer. Her enthusiasm was infectious and I flippantly remarked that “kissing all those frogs” must have worked, remembering a comment she made to me a few months earlier when I saw her leaving the office for yet another meeting. She responded, “Actually, you were right about the importance of networking and pursuing leads. I went to the 7th level in my networking! That’s a lot of frogs!”
This executive’s situation may not be typical of all job searches, but with white collar unemployment still above pre-recession levels, typical executive job searches take nearly double what they did a few years ago (averaging over 7 months). Research indicates people tend to give up after looking for 5 months. This highlights the need to continue following the path to a new job even when you are tempted to give up due to frustration or even if you don’t know exactly where more conversations will lead.
In the Grimm fairy tale, “The Frog Prince”, a spoiled princess reluctantly befriends the Frog Prince who magically transforms into a handsome prince. In modern versions of this story the transformation is invariably triggered by the princess kissing the frog. The phrase, “You have to kiss a lot of frogs before you find your handsome prince” is used to encourage those who seek true love, but I really like its use to describe the current job search process. For executives who are used to being pursued by recruiters, it is often very frustrating for them to think they need to work so hard and have hundreds of conversations to find a new job. I often see a shock on their face when they are told that they can’t just wait by the phone for that special call. They get frustrated that recruiters won’t return their calls, and they are not used to asking for help. But, given that over 80% of jobs result from networking, most of us need to network, network and network some more.
The right way to network is really just following a simple process. First, make a list of all the people you know who you think might be of help in your job search. Second, prioritize them by what you think are stronger to weaker relationships. Third, as you have each conversation, make it your goal to get 2 or 3 names of people that individual thinks could be of value in your search. For every conversation it’s either a discussion about a specific job or names of people that may be of help to you. Throughout these conversations, stay on point and keep working your program.
In this executive’s case it required seven levels of contacts to find the right opportunity. So, stay with it … it can take a lot of frogs before you find that special job!
Carter Elenz, a client of Shields Meneley Partners, has been appointed President of Orgain. This company is a mission based, healthy product business. Orgain is the world’s first doctor developed organic ready-to-drink meal replacement. The drinks are made with organic protein, complex carbohydrates, and organic fruits. It was founded by Dr. Andrew Abraham, a young physician and cancer survivor, who developed a healthier version of a Nutritional Shake than conventional brands because he felt he needed it for his recovery. After medical residency, instead of going into medical practice, he started this business. The products come in versions for adults, children and they have a vegan drink. They recently launched an exciting 25 g protein/3g carb organic protein powder for people with active lifestyles.
Mr. Elenz has had industry experience through President and Executive Vice-President roles in Sales and Marketing spanning traditional, lifestyle and specialty consumer products in the food/beverage, health-wellness, high-tech and household categories. Carter has expertise in corporate and shareholder value creation, change management and effective leadership in both early-stage and Fortune 500 environments. He is particularly passionate about a company’s mission and wants consumers to personally benefit from their products. Over the years he has achieved an unparalleled record of business transformation of specialty CPG businesses – Gardenburger, Stonyfield Farm and Seventh Generation – where he has helped them achieve valuations beyond expectations experiencing 100% – 500% growth. These companies became icons of successful crossover from niche into mainstream consumer markets.
Mr. Ravi Saligram, a Shields Meneley Partners client, has accepted an offer to become the new Chief Executive Officer at Ritchie Bros. Auctioneers. Robert Murdoch, Chairman of the Board, stated, “We are very pleased to welcome Ravi Saligram to Ritchie Bros. as CEO. Ravi is a proven leader and an experienced chief executive within the business services sector, and has an impressive track record of driving revenue and profit growth at customer-service focused organizations. Ravi’s recognized talent for cultivating strong corporate cultures and his extensive global business experience will benefit Ritchie Bros. significantly as we enter our next phase of growth.”
Ritchie Bros. is the world’s largest industrial auctioneer, which is headquartered in Vancouver, BC, Canada and has more than 1,400 full-time employees worldwide. “Ritchie Bros. leading market position, deep operational expertise in unreserved auctions and highly engaged teams committed to customer service attracted me to this role,” said Mr. Saligram. “I am excited by the opportunity to further grow the core business in both North America and internationally, and scale new e-based business models to provide comprehensive solutions to customers. I look forward to partnering with our team to make Ritchie Bros. the premier global equipment solutions company.”
Mr. Saligram’s 35-year professional career includes three years as President and Chief Executive Officer of OfficeMax and more than 20 years of general management experience at ARAMARK, Intercontinental Hotels Group, and SC Johnson. He has lived in five countries and worked in many more across five continents. Ravi is noted for his ability to lead consumer, B-to-B and digital businesses and has considerable experience running global, multi-unit service organizations and overseeing large sales teams. We are pleased for Ravi and know that he will add considerable value to Ritchie Bros.