NEW YORK, Nov. 2, 2017 /PRNewswire/ -- DHI Group, Inc.
(NYSE: DHX) ("DHI" or the "Company"), a leading online career
resource and talent acquisition platform for technology
professionals and other select professional communities, today
announced that its Board of Directors and its President and Chief
Executive Officer, Michael Durney,
have initiated a CEO transition plan. Mr. Durney will remain
President and CEO until March 31,
2018 or until a successor is found. In the event the search
process extends beyond March 31, Mr.
Durney has agreed to stay on for a designated period. Once a
successor is appointed, Mr. Durney will serve in an advisory
capacity for a short time to help ensure a smooth transition.
The Board has commenced a search process for a new CEO and has
retained Heidrick & Struggles, an international executive
search firm.
"As DHI continues to execute on its strategy to become a single
tech-focused organization, now is the right time in the Company's
evolution to implement a CEO transition plan," said John Barter, Chairman of the Board. "The Board
remains confident in the Company's strategy and believes that there
are opportunities to accelerate DHI's progress and improve business
execution. The Board is confident in its ability to identify a
successor who will effectively drive improved growth and
shareholder value by reinvigorating DHI's technology talent
acquisition franchise and fast-tracking the development of
next-generation talent acquisition solutions."
Mr. Barter continued, "Mike has been a senior executive at DHI
for over 17 years, serving as CFO when he first joined the Company
in 2000 and then as CEO since 2013. On behalf of the Board of
Directors, I thank Mike for the energy and dedication he has
brought to DHI throughout his tenure."
"We are executing on our go-forward strategy focused on tech and
skills, which we are confident will bring renewed growth to the
Company. I will continue to work on focusing our resources behind
the tech-first strategy and deepening engagement with professionals
while the Company conducts its search for the next leader of the
business," said Michael Durney,
President and Chief Executive Officer of DHI Group, Inc.
DHI today also announced its financial results for the third
quarter of 2017.
Investor
Contact
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Media
Contact
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Brendan
Metrano
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Rachel
Ceccarelli
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VP, Investor
Relations
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Director, Corporate
Communications
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DHI Group,
Inc.
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|
DHI Group,
Inc.
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212-448-4181
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212-448-8288
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ir@dhigroupinc.com
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media@dhigroupinc.com
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About DHI Group, Inc.
DHI Group, Inc. (NYSE: DHX) is a leading provider of data,
insights and employment connections through our specialized
services for technology professionals and other select online
communities. Our mission is to empower tech professionals and
organizations to compete and win through expert insights and
relevant employment connections. Employers and recruiters use our
websites and services to source, hire and connect with the most
qualified and highly-skilled tech professionals, while
professionals use our websites and services to find ideal
employment opportunities, relevant job advice and tailored
career-related data. For over 25 years, we have built our Company
on providing employers and professionals with career connections,
news, tools and information. Today, we serve multiple markets
located throughout North America,
Europe, the Middle East and the Asia Pacific region. Find out more at
http://www.dhigroupinc.com/home-page/default.aspx.
Forward-Looking Statements
This press release and oral statements made from time to time by
our representatives contain forward-looking statements. You should
not place undue reliance on those statements because they are
subject to numerous uncertainties and factors relating to our
operations and business environment, all of which are difficult to
predict and many of which are beyond our control. Forward-looking
statements include, without limitation, information concerning our
possible or assumed future results of operations. These statements
often include words such as "may," "will," "should," "believe,"
"expect," "anticipate," "intend," "plan," "estimate" or similar
expressions. These statements are based on assumptions that we have
made in light of our experience in the industry as well as our
perceptions of historical trends, current conditions, expected
future developments and other factors we believe are appropriate
under the circumstances. Although we believe that these
forward-looking statements are based on reasonable assumptions, you
should be aware that many factors could affect our actual financial
results or results of operations and could cause actual results to
differ materially from those in the forward-looking statements.
These factors include, but are not limited to, our ability to
execute our tech-focused strategy, the review of potential
dispositions of certain of our businesses and the terms and timing
of any such transactions, the results and timing of our search for
a new Chief Executive Officer, competition from existing and future
competitors in the highly competitive market in which we operate,
failure to adapt our business model to keep pace with rapid changes
in the recruiting and career services business, failure to maintain
and develop our reputation and brand recognition, failure to
increase or maintain the number of customers who purchase
recruitment packages, cyclicality or downturns in the economy or
industries we serve, the uncertainty surrounding the United Kingdom's future departure from the
European Union, including uncertainty in respect of the regulation
of data protection and data privacy, failure to attract qualified
professionals to our websites or grow the number of qualified
professionals who use our websites, failure to successfully
identify or integrate acquisitions, U.S. and foreign government
regulation of the Internet and taxation, our ability to borrow
funds under our revolving credit facility or refinance our
indebtedness and restrictions on our current and future operations
under such indebtedness. These factors and others are discussed in
more detail in the Company's filings with the Securities and
Exchange Commission, all of which are available on the Investors
page of our website at www.dhigroupinc.com, including the Company's
Annual Report on Form 10-K for the fiscal year ended December 31, 2016, under the headings "Risk
Factors," "Forward-Looking Statements" and "Management's Discussion
and Analysis of Financial Condition and Results of Operations."
You should keep in mind that any forward-looking statement made
by the Company or its representatives herein, or elsewhere, speaks
only as of the date on which it is made. New risks and
uncertainties come up from time to time, and it is impossible to
predict these events or how they may affect us. We have no
obligation to update any forward-looking statements after the date
hereof, except as required by applicable law.
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SOURCE DHI Group, Inc.