CareerBuilder and Monster complete merger
CareerBuilder and Monster complete merger
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The deal to merge CareerBuilder and Monster has been completed, the company reported today. The merger was first announced in July. Today’s announcement also included the combined firm’s new leadership team.
While both jobs websites will continue to operate separately, the company will, for now, be referred to as CareerBuilder + Monster.
“I could not be more excited to bring these two celebrated brands together,” Jeff Furman, CEO of the combined company, said in a press release. “We are able to leverage the best-in-class solutions, capabilities and expertise from both companies to better serve both our candidates and employers and help them navigate the evolving talent marketplace.”
The deal called for existing CareerBuilder investors — including Apollo Funds — to hold a controlling interest in the combined firm. Randstad, which had owned Monster, is retaining a minority interest.
Randstad with Monster ranked as the 20th-largest provider of online job advertising in the world with online job advertising revenue of $211 million in 2023, according to SIA’s Online Job Advertising Market: 2024 Update report. CareerBuilder ranked as the 21st-largest with revenue of $200 million in 2023.
Members of the combined firm’s new leadership team include:
- Dinesh Arora, chief technology officer
- Scott Blumsack, chief marketing and strategy officer
- Brian Burbrink, chief people officer
- Leslie Cope, chief product officer
- Ahern Dull, chief operating officer
- Mark Pacioni, general counsel
- Mike Suhajda, chief financial officer
More information about the company, including branding, is forthcoming, according to the combined firm.