Dennis Carey Info.

In recent news at Korn/Ferry International, Byrne Mulrooney has joined the Korn/Ferry team as the CEO of Futurestep.  Korn/Ferry International, a global provider of talent management solutions where Dennis Carey is a Senior Client Partner, announced this change on April 1, 2010.

As the CEO of Futurestep, Mr. Mulrooney will be in charge of this division of Korn/Ferry which is a market leader in recruitment process outsourcing, with a presence in close to 20 countries.

Before coming to Korn/Ferry, Mr. Mulrooney was President and COO of Flynn Transportation Services, a third party logistics company.

Recent business trends have shown a marked increase in the number of former chief executives taking active roles in steering troubled companies.  For instance, John “Jack” Krol was recently named as outside chairman of the auto-parts maker Delphi Automotive LLP.  He is a retired chief executive of DuPoint Co.

Dennis Carey, a senior client partner at recruiters Korn/Ferry International, explains that “”These chairmen are strategic equal partners of the CEO because they already demonstrated a successful ‘in the trenches’ style of management.”

Mr. Krol, who Dennis Carey helped to recruit, says he has worked on Delphi matters quite a bit, and that he was planning to advise Delphi CEO Rodney O’Neal on his 2010 and 2011 operational plans.

In a Wall Street Journal article in 2008 entitled, “ Speed is Key Question as New CEOs Remake Team,” Dennis Carey explains that “faster is generally better than slower” for replacing a CEO.  However, he also cautions that “too much churn can be very disruptive.”

Certainly, when a new CEO comes to the team, there are many decisions that the new leader must make. One of them is to decide how quickly to turn over pieces of the team.  Within his first two months as CEO of VeriSign Inc, for instance, Bill Roper hired two new deputies.  He then quickly replaced another executive and named two more new lieutenants.

Executive recruiter Dennis Carey explains that the speed of the chances usually hinge upon the circumstances under which the new CEO was hired.  For instance, if the promotion was an internal one for a well-run company there might be few turnovers.  If, instead, an outside comes to a troubled company, the executive changes are usually much faster and broader.  In general the jobs that will change first, under these circumstances, are the CFO, the general counsel and the human resources head.