Penrhyn International grows
Düsseldorf, May 15th, 2007 — Spectacular growth of Penrhyn International, a global executive search organisation, will take the group into the top 20 search companies worldwide.
At the 2007 AGM held in Düsseldorf during the first week of May, the Chairman of Penrhyn International, Ian Nankivell of Fish & Nankivell Australia, announced that Penrhyn now has 21 partner firms, with 80 consultants, and conducted over 700 assignments per annum. Annual fee income has increased from US$22 million to approximately US$40 million.
Over the past year, the 6 firms that joined Penrhyn are:
- Foster Partners – offices in Shanghai, Beijing, Guangzhou, Nanjing, Ningbo, Kuala Lumpur, Vietnam and Hong Kong
- Proposte – offices in Turin and Milan
- The Dingman Company – Los Angeles, USA
- The McIntyre Company – Columbus, Ohio, USA
- Taylor Winfield – offices in Dallas, Texas and the Silicon Valley
- Aretes Consultants – Warsaw, Poland
Ian Nankivell, the Chairman of Penrhyn International, said: “Although we were pleased with the growth of the organisation, it was particularly significant that Penrhyn's representation in important geographies such as Asia, North America and Eastern Europe was substantially strengthened to allow us to better serve the global needs of our clients.”
At the 2007 AGM in Düsseldorf, Penrhyn International members elected Nirmit Parekh of 3P Consultants in India as the new Chairman for 2007/2008. Anders Borg of Hansar International in Brussels was elected Treasurer, and John Salmon of Osprey Clarke London was elected Secretary.
Nirmit Parekh announced that Penrhyn International was keen to grow further in strategic geographies such as North America, Asia and Eastern Europe over the next two years, however this growth was dependent on the identification of high quality firms in those regions.