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New Hay Group CEO among leadership changes at Korn Ferry

March 20, 2017

Executive search firm Korn Ferry International Inc. (NYSE: KFY) announced leadership changes in three areas of the business: Hay Group, Asia Pacific and global productized services.

Korn Ferry Hay Group CEO Steve Kaye will leave Korn Ferry at the end of the firm’s fiscal year on April 28. Mark Arian will succeed Kaye in the CEO role, effective April 3. Korn Ferry acquired Hay Group, a Philadelphia-based human resource consultancy, in 2015 for approximately $452 million.

Korn Ferry also announced it created an Asia Pacific COO position in response to growth in the region. CMO and president of the Korn Ferry Institute Mike Distefano will assume this newly created role. He will relocate to Shanghai from Los Angeles and work closely with Charles Tseng, president of Asia Pacific.

Additionally, Andrew Huddart, who joined Korn Ferry in December 2016 as president of global productized services, will now report to Byrne Mulrooney, who will continue to serve as CEO of Korn Ferry’s Futurestep business.

“Our firm is growing in both size and complexity, and we are continually evolving to increase our relevance and impact with clients,” said Korn Ferry CEO Gary Burnison. “Our leadership changes reflect our firm’s transformation and the commitment we have to aligning our business with opportunity and areas of growth.”