Hays Names Mark Dearnley as Permanent CEO Amid Hiring Slowdown
Leadership Change at Hays During Challenging Times
Appointment of Mark Dearnley as CEO
May 18 (Reuters) - British recruitment group Hays on Monday confirmed Mark Dearnley as its permanent chief executive officer with immediate effect, nearly three months after he took on the role on an interim basis.
Industry-Wide Hiring Slowdown
Macroeconomic and Geopolitical Factors
Recruiters, including Hays, have been grappling with a prolonged hiring slowdown as macroeconomic uncertainty now exacerbated by the Iran war, weak business confidence, and geopolitical tensions weigh on employers' appetite to hire.
Board's Endorsement and Selection Process
Leadership Qualities Recognized
"The board unanimously felt that Mark has the outstanding leadership skills and experience to lead the business forward," the company said in a statement.
Background of Mark Dearnley
Previous Roles and Selection
Dearnley, previously Hays' chief digital and technology officer, beat internal and external candidates to the role.
(Reporting by Nithyashree R B in Bengaluru; Editing by Subhranshu Sahu)
