2019 "Lunches With Leaders" Roster Announced Diversified Search Gets Three New Managing Directors Forbes Once Again Names Us One of the ...
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At Diversified Search, we believe that great leadership changes everything. Welcome to the Spring 2019 edition of our newsletter, where we share with you the latest news from across our firm and its practices, proving once again that we are advancing leaders and transforming organizations by delivering the very best results for our clients. Enjoy! IN THIS ISSUE • 2019 “Lunches With Leaders” Roster Announced • Diversified Search Gets Three New Managing Directors • Forbes Once Again Names Us One of the Nation’s Top 10 Search Firms • Our Most Recent Assignments and Placements D I V E R S I F I E D S E A R C H . CO M
LETTER FROM THE PRESIDENT AND CEO The Success in Failure Last month, Tiger Woods did something that few people ever thought he would: He won another Masters green jacket. Just two years ago, most experts felt his profes- sional golfing career was essentially over. Even Woods himself at one point proclaimed, “I’m done.” Only it turns out he wasn’t done. Not by a long (tee) shot. Woods had experienced enormous personal and professional setbacks for the prior decade. But here’s the thing: Even in his lowest moments, he never really gave up. He kept looking for the way back, kept working at his craft, kept rebuilding his life, one step at a time. And in the end, it paid off, not only in one of the greatest comebacks in the history of sports, but also in the sheer joy in his face as he walked through the adoring crowds to hug his kids. He seemed different somehow. As if the success was much sweeter because of what he’d endured to achieve it. Many years ago, the great Al McDonald, the legendary CEO of McKinsey & Company, told me some- thing I never forgot. He said he always asked people about the “failed rung” in their lives—a time when a professional or personal setback had occurred, what they learned from it, and how they overcame it. People who navigate their failed rungs well, he said, are the ones who become the greatest leaders, because they tap into the things that matter in leadership: resilience, humility, and how to lean into their challenges. As my dear friend Keith Eigel wrote in his book The Map: Your Path to Effectiveness in Leadership, Life, and Legacy : “If we learn to seize challenges for growth, we will begin to self-author areas of our understanding, meaning the way we see the world, ourselves, and others will depend less on the influence of outside sources.” As a society we lionize achievement and success, understandably so. But there is so much richness to be gleaned from failure. I remain grateful for my own failures, because they presented me the opportunity to learn, to grow, and to realize I am not defined by them but how I respond to them. I’m still always learning. There is always another path, another door, another way. And sometimes, another eighteen holes, just waiting to be played. Dale. E. Jones President and Chief Executive Officer
L AT E ST N E W S “Lunches With Leaders” 2019 Lineup Announced Famed presidential historian, Four Seasons President, pension fund chair headline series’ third year One of the nation’s most renowned presidential historians, the President, Worldwide Hotel Operations of one of the world’s most respected luxury hotel companies, and the man who oversees one of the largest public pension funds in the country will be the speakers for the third iteration of “Lunches With Leaders,” Diversified Search’s acclaimed speaker series. In “Lunches With Leaders,” top executives and experts share lessons and insights with business leaders around the nation in intimate, invitation-only luncheons. “Given the strong reaction to our first two years presenting this program, we knew there was a real hunger from executives looking to hear firsthand from leaders across the spectrum about the issues facing American business and society today,” said Dale E. Jones, President and CEO of Diversified Search. “We feel our 2019 lineup brilliantly advances the mission of Lunches With Leaders.” The 2019 series will kick off with a speech and book signing at The Harvard Club in Boston on May 13th featuring Doris Kearns Goodwin, the presidential historian and Pulitzer Prize-winning author of the New York Times bestsellers Leadership in Turbulent Times and Team of Rivals: The Political Genius of Abraham Lincoln, the latter of which served as the inspiration for the Steven Spielberg film Lincoln. In 2016, Goodwin became the first historian to receive the Lincoln Leadership Prize from the Abraham Lincoln Presidential Library Foundation. She is also a frequent commentator for major network and cable television news programs, including Meet the Press and The Late Show with Stephen Colbert. The series will then shift to the fall, when on October 22nd Christian Clerc, President, Worldwide Hotel Operations, Four Seasons Hotels and Resorts, will address a lunch at the new Four Seasons Hotel in Philadelphia. At Four Seasons, Clerc oversees global hotel operations, ensuring that each Four Seasons hotel and resort in the company’s growing portfolio represents the highest standards of quality and service. Clerc joined Four Seasons in 2000 as Hotel Manager in one of the company’s flagship locations, Four Seasons Hotel Washington, D.C., and subsequently held posts in New York, Chicago, and Punta Mita, Mexico, before returning to Washington; in 2012, he took over leadership of the legendary Four Seasons Hotel George V, Paris, with regional responsibility for Florence, Milan, Geneva, and Marrakech. He was promoted to President, Hotel Operations in Europe, the Middle East, and Africa
in 2014, and to his current position in 2016. as Partner, working in both London and Moscow. A veteran of the United States Air Force, Eversman served as an Airborne Cryptologic Linguist at the Royal Air Force base in Mildenhall, United The 2019 series will conclude November 7th in New York with remarks from Jarvis V. Hollingsworth, Kingdom, and also taught Russian for the University of Maryland in its European campus. who leads the public/education law practice group at Bracewell, a leading global law and government relations firm primarily serving the energy, infrastructure, finance, and technology sectors, with ten offices worldwide. Based in Houston, Hollingsworth was reappointed by Texas Governor Greg Abbott as Chair of the Board of Trustees of the Teacher Retirement System of Texas (TRS), a state agency that manages a nearly $147 billion pension trust fund, as well as an array of benefits, for the more than 1.5 million active and retired teachers and education employees in Texas. One of the most distinguished lawyers in Texas and a former regent on the board of the University of Houston System, where he served as Chairman of the Board, Hollingsworth served as an officer in the U.S. Army and Army Reserve prior to beginning his law career. From left: Scott Eversman, Peter W. Schineller, and Matthew Vossler. Diversified Search launched its “Lunches With Leaders” series with a pilot program in December Peter W. Schineller works primarily for BioQuest, Diversified Search’s life sciences company, head- 2016, featuring a speech by Stuart E. Jones, the former U.S. Ambassador to Iraq and Jordan. That quartered in San Francisco. Before entering the executive search field, Schineller most recently was followed by three successful lunches in 2017, featuring Randall Lane, the editor of Forbes served in the role of Senior Vice President, Sales, Managed Care/Trade, Corporate Development & magazine, in Philadelphia; Rajiv Shah, the new CEO of The Rockefeller Foundation, in New York; Training for Assertio Therapeutics, a Lake Forest, Illinois-based pharmaceutical company. Prior to and Indra Nooyi, the CEO and Chairman of Pepsico, in Miami. joining Assertio, he served as the Chief Operating Officer for Sommetrics, Inc., in Vista, California. Schineller’s career in healthcare technology and bioscience began at Abbott Laboratories, where In 2018, the firm presented three more “Lunches,” featuring Courtney A. Kemp, executive producer of Li- he rose through the ranks to become the Director of Western U.S., Managed Health Care. Schineller onsgate Television and creator of the award-winning Starz network drama Power, in Philadelphia; Glenn is a former Commissioned Officer in the United States Marine Corps. A. Youngkin, co-CEO of the Carlyle Group, in Chicago; and Steve Case, CEO of Revolution and founder of AOL, in Washington, D.C. Matthew Vossler is now a Managing Director in the Boston office, where he serves primarily in the Life Sciences and Healthcare Services Practices. Prior to joining Diversified Search, Vossler most recently Interested in attending one of our Lunches? Write to us here. was a Partner with The RSA Group, a global retained executive search and consulting company with headquarters in London. Before RSA, he was a founding partner of Heritage Partners International and was associated with a number of other search firms, including Heidrick & Struggles. Before entering the field of executive search, Vossler served as President of Home Buyers Assistance Corporation, a relocation management company based in Westport, Connecticut. Diversified Search Adds Three New Managing Directors “Our ability to draw top talent to Diversified Search has never been stronger,” said Judith M. von New Energy Practice Leader, Life Sciences veterans join firm Seldeneck, the firm’s Founder and Chair. “We are excited to have Scott driving our business in the growing energy sector, and to have Peter and Matthew in the red-hot life sciences sector, which today Continuing to grow the firm across sectors and practices, Diversified Search has added three new represents one of our largest and busiest practices.” managing directors to its roster, each bringing a unique set of credentials and talents to his role. Based in New York, Scott Eversman is now leading the firm’s Energy practice. Previously, he served as Global Head of the Energy practice at Pederson & Partners in London. Eversman began his search ca- reer at Preng & Associates, where he spent ten years as Managing Partner in the London office and also did a fair amount of work in Moscow. He went on to lead the European Energy practice at TMP World- wide Executive Search in London before joining Heidrick & Struggles, where for 14 years he served
in 2014, and to his current position in 2016. as Partner, working in both London and Moscow. A veteran of the United States Air Force, Eversman served as an Airborne Cryptologic Linguist at the Royal Air Force base in Mildenhall, United The 2019 series will conclude November 7th in New York with remarks from Jarvis V. Hollingsworth, Kingdom, and also taught Russian for the University of Maryland in its European campus. who leads the public/education law practice group at Bracewell, a leading global law and government relations firm primarily serving the energy, infrastructure, finance, and technology sectors, with ten offices worldwide. Based in Houston, Hollingsworth was reappointed by Texas Governor Greg Abbott as Chair of the Board of Trustees of the Teacher Retirement System of Texas (TRS), a state agency that manages a nearly $147 billion pension trust fund, as well as an array of benefits, for the more than 1.5 million active and retired teachers and education employees in Texas. One of the most distinguished lawyers in Texas and a former regent on the board of the University of Houston System, where he served as Chairman of the Board, Hollingsworth served as an officer in the U.S. Army and Army Reserve prior to beginning his law career. From left: Scott Eversman, Peter W. Schineller, and Matthew Vossler. Diversified Search launched its “Lunches With Leaders” series with a pilot program in December Peter W. Schineller works primarily for BioQuest, Diversified Search’s life sciences company, head- 2016, featuring a speech by Stuart E. Jones, the former U.S. Ambassador to Iraq and Jordan. That quartered in San Francisco. Before entering the executive search field, Schineller most recently was followed by three successful lunches in 2017, featuring Randall Lane, the editor of Forbes served in the role of Senior Vice President, Sales, Managed Care/Trade, Corporate Development & magazine, in Philadelphia; Rajiv Shah, the new CEO of The Rockefeller Foundation, in New York; Training for Assertio Therapeutics, a Lake Forest, Illinois-based pharmaceutical company. Prior to and Indra Nooyi, the CEO and Chairman of Pepsico, in Miami. joining Assertio, he served as the Chief Operating Officer for Sommetrics, Inc., in Vista, California. Schineller’s career in healthcare technology and bioscience began at Abbott Laboratories, where In 2018, the firm presented three more “Lunches,” featuring Courtney A. Kemp, executive producer of Li- he rose through the ranks to become the Director of Western U.S., Managed Health Care. Schineller onsgate Television and creator of the award-winning Starz network drama Power, in Philadelphia; Glenn is a former Commissioned Officer in the United States Marine Corps. A. Youngkin, co-CEO of the Carlyle Group, in Chicago; and Steve Case, CEO of Revolution and founder of AOL, in Washington, D.C. Matthew Vossler is now a Managing Director in the Boston office, where he serves primarily in the Life Sciences and Healthcare Services Practices. Prior to joining Diversified Search, Vossler most recently Interested in attending one of our Lunches? Write to us here. was a Partner with The RSA Group, a global retained executive search and consulting company with headquarters in London. Before RSA, he was a founding partner of Heritage Partners International and was associated with a number of other search firms, including Heidrick & Struggles. Before entering the field of executive search, Vossler served as President of Home Buyers Assistance Corporation, a relocation management company based in Westport, Connecticut. Diversified Search Adds Three New Managing Directors “Our ability to draw top talent to Diversified Search has never been stronger,” said Judith M. von New Energy Practice Leader, Life Sciences veterans join firm Seldeneck, the firm’s Founder and Chair. “We are excited to have Scott driving our business in the growing energy sector, and to have Peter and Matthew in the red-hot life sciences sector, which today Continuing to grow the firm across sectors and practices, Diversified Search has added three new represents one of our largest and busiest practices.” managing directors to its roster, each bringing a unique set of credentials and talents to his role. Based in New York, Scott Eversman is now leading the firm’s Energy practice. Previously, he served as Global Head of the Energy practice at Pederson & Partners in London. Eversman began his search ca- reer at Preng & Associates, where he spent ten years as Managing Partner in the London office and also did a fair amount of work in Moscow. He went on to lead the European Energy practice at TMP World- wide Executive Search in London before joining Heidrick & Struggles, where for 14 years he served
Forbes Names Diversified Search One of Nation’s Top Search Firms for Second Straight Year In March, Forbes once again released its annual rankings of the nation’s top 200 executive search firms, and for the second consecutive year Diversified Search ranked in the top ten. The firm placed seventh on the 2019 list. Forbes partnered with global research firm Statista to survey 25,000 recruiters and 5,000 job candidates and human resources managers who had worked with search agencies over the last three years. Respondents were asked to nominate up to 10 recruiting firms in the executive and professional search categories. Firms could not nomi- nate themselves. More than 17,000 nominations were collected, and firms with the most recom- mendations ranked highest. Diversified Search and AltoPartners Celebrate Their Alliance with Special Olympics AltoPartners Global Chairman Stephen Dallamore and Diversified Search President and CEO Dale Jones recently attended the opening of the Special Olympics 2019 in Abu Dhabi. At a meeting with Special Olympics Chairman Tim Shriver (center) and World Games Host UAE Ambassador Yousef Al Otaiba, both Jones and Dallamore reaffirmed that Diversified Search and AltoPartners champion this movement of leadership and inclusion. Diversified Search is the official U.S. partner of AltoPartners, the alliance of international search firms. In 2017, AltoPartners, Diversified Search, and Special Olympics, the world’s largest global and grass- roots movement for the empowerment of people with in- tellectual disabilities, announced a new alliance to identify and reward outstanding members of the Special Olympics organization around the world; recruit and develop a pipe- line of new talent to move the institution forward; and pro- vide long-term leadership stability. “There are few more special organizations than Special Olympics,” Jones said after returning from the Games. “We are so honored to part of its mission, and its commitment to great leadership.”
“Missing Pieces” Report Shows From very early in your career you veered into the world of tech and disruption, at a time when Major Fortune 500 Board Diversity Gains not a lot of women were. Where did your interest come from? I remember two distinct childhood influences: a) the love of my father, who ran a joint medical prac- Diversified Search is a proud partner in the Alliance for tice with my mother, for entrepreneurship and being a business owner; and b) his love of innovation Board Diversity, which in collaboration with Deloitte and science overall. On the former dimension, my dad trained me to start helping his tax returns and work in his office from the time I was seven or eight. He helped me build a model of the human eye publishes a biannual survey titled “The Missing Pieces for second- grade science, and was buying AOL stock on the phone with his broker long before I knew Report” that tracks the advancement of women and what tech was. I had a role model who loved entrepreneurship and innovation. people of color on Fortune 500 boards. This year’s re- From your wide experience, what insights have you gleaned into the American consumer? port, published in January, showed some encouraging I think the American consumer wants instant gratification, ease, speed, and serendipitous delight— news: the number of Fortune 500 companies with great- wherever they are in the world, and whatever device they happen to be on. We underestimate the val- er than 40 percent board diversity more than doubled ue of “friction free”: just being great at delivering ease, speed, and mobility when American consumers in six years, from 69 in 2012 to 145 in 2018. Fortune 500 shop. This continues to be the fundamentals of successful brands. If you try and give delight without giving ease, it’s hard to win. That said, if you are truly able to serve up serendipity, true discovery, and board representation of women and minorities saw an what I call “specialness” consistently, I think you have the opportunity to win consumer engagement all-time high of 34 percent. more broadly. Lastly, I think consumers are increasingly fragmented in their tastes. They want to feel special, and seek brands that stand for their values rather than something trying to be everything to everyone. Founded in 2004, the Alliance for Board Diversity is a collaboration of four leadership organizations: Catalyst, The Executive Leadership Council (ELC), the Hispanic Association on Corporate Responsi- Joyus was born out of the thesis of delivering specialness in shopping. I had an idea I had as CEO of Polyvore and watching the YouTube phenomenon from my time at Google. I understood people bility (HACR), and LEAP (Leadership Education for Asian Pacifics). Diversified Search is a founding wanted inspirational and content-driven commerce, and that video shopping was a massive market partner of the ABD and serves as the organization’s advisor and facilitator. The ABD’s mission is to opportunity. Joyus started with four videos of makeup and fashion shot in my living room and shown to a focus group of 12 women who gave us their responses. It moved to a series of videos we put up on increase the representation of women and minorities on corporate boards. a website with a PayPal shopping cart testing different products in short videos to a thousand women. When we saw the conversion rates, we knew we had something magical. This fall, in conjunction with the National Association of Corporate Directors (NACD), the ABD will You’re now on the board of Urban Outfitters, which was founded as a brick-and-mortar brand. host a reception in Washington, D.C., where member partners will discuss the findings and steps each What’s your view on the future of brick-and-mortar retail vs. online retail? is taking to assist the efforts to increase board diversity. Multi-channel retail will continue to be the reality for shoppers, because it offers something special to the shopping experience. The threshold for what a great physical shopping experience looks like keeps rising with the ease and discovery that online shopping now brings. The future of retail will be exciting, because brick-and-mortar stores will need to keep innovating on their own physical expe- rience for shoppers and using technology to differentiate the in-store experience as well, to make it 5 QUESTIONS WITH... more delightful and easy. You launched theBoardlist in 2015 to promote more women on corporate boards. What’s the Sukhinder Singh Cassidy goal? I was frustrated with the negative sentiment on women in tech and leadership and the lack of scalable As the President of StubHub, Sukhinder Singh Cassidy knows a thing or solutions. I believe that a modern talent marketplace that helps discover, curate, and find the best two about the American consumer. When we placed her on the board of new diverse talent for boards and companies using technology and the wisdom of experienced board Urban Outfitters, the hip national retailer, in 2017, she already boasted members is the right solution at the right time to address an accelerating global issue. Boardrooms need new and fresh thinking that reflects the reality of what’s going on for most companies: disrup- an impressive resume that included positions with Amazon, Google, and tion, a changing consumer, a changing workforce and culture. Diversity in the boardroom is the best Polyvore (serving as CEO at the last), service as a director on the boards way to achieve it. of Trip Advisor and Ericsson, and her founding of theBoardlist, a curat- OK, we have to ask: what item can’t you stop shopping for? ed marketplace where companies could find talented women for private My go-to site for shopping is some combination of Anthrolopogie, Poshmark, eBay, theRealReal and company boards. In 2011 she launched Joyus, an online video shopping Yoox. I love the thrill of the hunt and always want to find something unique, be it new or used. The one site that was sold in 2017. Here, she discusses her father’s influence on item I can’t stop shopping for? The nude heel, sandal, wedge, bootie. While I’m embarrassed by the her career, the future of retail, and why she never runs out of shoes. amount of shoes I have in my closet, I can’t seem to help myself.
“Missing Pieces” Report Shows From very early in your career you veered into the world of tech and disruption, at a time when Major Fortune 500 Board Diversity Gains not a lot of women were. Where did your interest come from? I remember two distinct childhood influences: a) the love of my father, who ran a joint medical prac- Diversified Search is a proud partner in the Alliance for tice with my mother, for entrepreneurship and being a business owner; and b) his love of innovation Board Diversity, which in collaboration with Deloitte and science overall. On the former dimension, my dad trained me to start helping his tax returns and work in his office from the time I was seven or eight. He helped me build a model of the human eye publishes a biannual survey titled “The Missing Pieces for second- grade science, and was buying AOL stock on the phone with his broker long before I knew Report” that tracks the advancement of women and what tech was. I had a role model who loved entrepreneurship and innovation. people of color on Fortune 500 boards. This year’s re- From your wide experience, what insights have you gleaned into the American consumer? port, published in January, showed some encouraging I think the American consumer wants instant gratification, ease, speed, and serendipitous delight— news: the number of Fortune 500 companies with great- wherever they are in the world, and whatever device they happen to be on. We underestimate the val- er than 40 percent board diversity more than doubled ue of “friction free”: just being great at delivering ease, speed, and mobility when American consumers in six years, from 69 in 2012 to 145 in 2018. Fortune 500 shop. This continues to be the fundamentals of successful brands. If you try and give delight without giving ease, it’s hard to win. That said, if you are truly able to serve up serendipity, true discovery, and board representation of women and minorities saw an what I call “specialness” consistently, I think you have the opportunity to win consumer engagement all-time high of 34 percent. more broadly. Lastly, I think consumers are increasingly fragmented in their tastes. They want to feel special, and seek brands that stand for their values rather than something trying to be everything to everyone. Founded in 2004, the Alliance for Board Diversity is a collaboration of four leadership organizations: Catalyst, The Executive Leadership Council (ELC), the Hispanic Association on Corporate Responsi- Joyus was born out of the thesis of delivering specialness in shopping. I had an idea I had as CEO of Polyvore and watching the YouTube phenomenon from my time at Google. I understood people bility (HACR), and LEAP (Leadership Education for Asian Pacifics). Diversified Search is a founding wanted inspirational and content-driven commerce, and that video shopping was a massive market partner of the ABD and serves as the organization’s advisor and facilitator. The ABD’s mission is to opportunity. Joyus started with four videos of makeup and fashion shot in my living room and shown to a focus group of 12 women who gave us their responses. It moved to a series of videos we put up on increase the representation of women and minorities on corporate boards. a website with a PayPal shopping cart testing different products in short videos to a thousand women. When we saw the conversion rates, we knew we had something magical. This fall, in conjunction with the National Association of Corporate Directors (NACD), the ABD will You’re now on the board of Urban Outfitters, which was founded as a brick-and-mortar brand. host a reception in Washington, D.C., where member partners will discuss the findings and steps each What’s your view on the future of brick-and-mortar retail vs. online retail? is taking to assist the efforts to increase board diversity. Multi-channel retail will continue to be the reality for shoppers, because it offers something special to the shopping experience. The threshold for what a great physical shopping experience looks like keeps rising with the ease and discovery that online shopping now brings. The future of retail will be exciting, because brick-and-mortar stores will need to keep innovating on their own physical expe- rience for shoppers and using technology to differentiate the in-store experience as well, to make it 5 QUESTIONS WITH... more delightful and easy. You launched theBoardlist in 2015 to promote more women on corporate boards. What’s the Sukhinder Singh Cassidy goal? I was frustrated with the negative sentiment on women in tech and leadership and the lack of scalable As the President of StubHub, Sukhinder Singh Cassidy knows a thing or solutions. I believe that a modern talent marketplace that helps discover, curate, and find the best two about the American consumer. When we placed her on the board of new diverse talent for boards and companies using technology and the wisdom of experienced board Urban Outfitters, the hip national retailer, in 2017, she already boasted members is the right solution at the right time to address an accelerating global issue. Boardrooms need new and fresh thinking that reflects the reality of what’s going on for most companies: disrup- an impressive resume that included positions with Amazon, Google, and tion, a changing consumer, a changing workforce and culture. Diversity in the boardroom is the best Polyvore (serving as CEO at the last), service as a director on the boards way to achieve it. of Trip Advisor and Ericsson, and her founding of theBoardlist, a curat- OK, we have to ask: what item can’t you stop shopping for? ed marketplace where companies could find talented women for private My go-to site for shopping is some combination of Anthrolopogie, Poshmark, eBay, theRealReal and company boards. In 2011 she launched Joyus, an online video shopping Yoox. I love the thrill of the hunt and always want to find something unique, be it new or used. The one site that was sold in 2017. Here, she discusses her father’s influence on item I can’t stop shopping for? The nude heel, sandal, wedge, bootie. While I’m embarrassed by the her career, the future of retail, and why she never runs out of shoes. amount of shoes I have in my closet, I can’t seem to help myself.
THE SEARCH REPORT Recent Assignments Highlights some of our newest retained searches President and CEO, Catholic Charities Hawaii Lead Finance Officer - Global Banking, Citigroup, Inc. Chief Development Officer - Harlem Village Academies Board Member - Jacobs Engineering Group Inc. President, Riddle Hospital - Main Line Health Senior Director, Operating Room & Perioperative Systems - Memorial Sloan-Kettering Cancer Center Senior Vice Provost for Strategic Enrollment - University of Texas at San Antonio
THE SEARCH REPORT Recent Placements Some of our latest stellar appointments Michael Arena, Head of Talent Management and Development - AWS, Amazon Thomas R. Graf, President, Ascension Medical Group, Ascension Health Laura N. Dietch and Tiffany Olson, Board Members, BioTelemetry Inc. Neil Alan Barclay, President and CEO, Charles H. Wright Museum of African-American History Benjamin Kuo, Vice President for Planning and Facilities Management, Georgetown University Melanie M. Sheffield, Chief Development Officer, Harvard Art Museum Whitney P. Witt, Dean of the College of Health, Lehigh University Kim R. Ford, President and CEO, Martha's Table Danielle Brown, Board Member, PRA Group
SPOTLIGHT Frank Bozich, CEO and President, Trinseo For Frank Bozich, the opportunity to take the reins of Trinseo, a leading global materials company and manufacturer of plastics, latex binders, and synthetic rubber, came at—to risk the cliché—the perfect time. SI Group, the global specialty chemical company where he had served as President and CEO for six years, had just been sold, and the timing was right for a new opportunity. “Looking at Trinseo, it was a company that had been very successfully carved out of The Dow Chemical Company, had been owned by private equity and then went public. At that stage in their development I felt I could bring something from my own experience around business processes, help develop the company, and take them to the next level,” he says. “So it was really exciting.” “Frank is a very experienced, globally oriented, strategically and operationally driven senior executive with proven capabilities and track record,” says Guy Sava, who co-leads Diversified Search’s Industrial Practice. “He is a strong leader and someone that his organizations like and respect. More importantly, Frank has the highest integrity and fits the Trinseo culture.” He also has a lot on his plate. Current global trade uncertainty and a war for top talent are just two of the issues facing the chemical manufacturing industry. On this latter issue, Bozich says that the current boom in the chemical industry— sparked by shale gas—has created a gap in middle-management talent. “It’s like a barbell,” he says. “We have a lot of young people and old people, and nothing in the middle. We have to figure out how to position the chemical industry, and the company, for Millennials and talented new people.” Bozich says the chemical industry must do better communicating a strong message about its vital role in sustainability. “We have the ability to address those big issues about sustainability better than any other industry,” he says, rattling off a string of inventions and innovations (such as the catalytic converter, and new polymers for tires) from the chemical industry’s $60 billion R&D that are meeting contemporary ecological demands. “All around us, materials and technologies developed by the chemical industry are addressing mega-trends and global issues,” Bozich says. “It’s not the 1960s with smoke belching factories. Our industry has become a leader in environmental compliance and a developer of technologies that enable a clean environment.”
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