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UK – Savile appoints former banking executive

18 April 2013

UK recruiter Savile Group (SAVG:LSE) today announced the appointment of Clare Chalmers to the board of the company with immediate effect. Ms Chalmers will be joining the board in her capacity as chief executive officer of IDDAS, a subsidiary of the company.

IDDAS was founded in 2002, providing mentoring, coaching and advisory services to senior executives undertaking business and career transitions. Savile acquired the company in 2008.

Before joining the group, Ms Chalmers worked as chief operating officer investment banking at Lehman Brothers in the UK. She was also founding partner of Rathmullan Associates, which provides board assessment services and client audit research. During her investment banking career of nearly 20 years, Ms Chalmers was also chief operating officer at Credit Suisse for the global media business.

Savile last month reported a +6% increase in half-year revenue, but the firm made losses following tough market conditions. It now expects improved performance for the first half of 2013. 

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