AESC Selects New CEO
The Board of Directors of the Association of Executive Search Consultants (AESC), the global association for executive search and leadership consulting firms, has announced that it has elected Karen Greenbaum as President and Chief Executive Officer, effective October 27, 2014.
Ms Greenbaum succeeds Peter Felix, who had previously announced his intentions to retire at the end of 2014, after 16 years as AESC’s CEO.
A search consultant and leader, who has managed a billion-dollar professional services practice, Ms Greenbaum was selected following a global search led by a committee of eight senior AESC members. Committee members were chosen from a cross-section of large executive search firms, networks and independent boutiques across AESC’s three-region geographic footprint in the Americas, EMEA and Asia Pacific. The search was managed by Heidrick & Struggles.
“Karen Greenbaum is a world-class leader in professional services,” said Aidan Kennedy, AESC Board Chair and a London-based Partner with CT Partners. “She is a client-focused business person, a thought leader on the human capital agenda and an experienced search professional. She brings a fresh perspective to the AESC and is the right leader to build on our successes and to advocate for our members.”
When asked about her new role, Ms Greenbaum said: “I am honored and excited by the opportunity to lead the AESC, the association for retained executive search globally. I know how important it is to respect the past while responding to the changing needs of our members, our profession and most importantly, the clients we serve. I look forward to building on AESC’s successes and particularly the momentum achieved under Peter Felix’s leadership.”
Ms Greenbaum is a global business executive and C-suite advisor. In three decades with global firm Mercer Consulting, Karen rose from consultant to president and chief operating officer of Mercer’s US Consulting Practice. Her concluding role at Mercer was as worldwide partner, Civic Leadership. She also served on Mercer’s Global Leadership Group. Ms Greenbaum then served four years as chief operating officer for Nixon Peabody, a global 100 law firm. Most recently, she has been a partner for a boutique retained executive search firm.
Thomas Daniels, AESC Board Member, Chair of the search committee and a Senior Director at Spencer Stuart, said: “Members of the AESC are invited every day to advise the world’s leading organizations on their most significant executive appointments and succession planning issues. Having a leader with Karen’s experience who understands this and what we do is critical.”
He added: “The unanimous choice of both the search committee and full board, Karen has demonstrated in numerous venues her ability to strengthen organizational effectiveness across multiple geographies, industry sectors and firm profiles.”
An independent Director for FJ Management, a private company with a portfolio of businesses, including an oil refinery and convenience stores, Ms Greenbaum is on the board of the Committee of 200, a global organization of top executive women, and the Alzheimer’s Association of Greater Illinois. She is a member of the National Association of Corporate Directors, the International Women’s Forum, the Economic Club of Chicago and The Chicago Network.
Ms Greenbaum received her Masters of Business Administration from the Booth School of Business, University of Chicago, and her undergraduate degree in Business Administration and Marketing, magna cum laude, from the University of Baltimore.
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