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| logo = [[File:Korn Ferry Logo.svg|250px]]
| type = [[Public company|Public]]
| traded_as = {{nyse|KFY}}<br />[[List of S&P 600 companies|S&P 600 Component]]
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| foundation = {{Start date and age|1969|11|14}}
| location = [[1900 Avenue of the Stars]]
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| homepage = [http://www.kornferry.com/ www.kornferry.com]
}}
'''Korn Ferry''' is a [[management consulting]] firm headquartered in [[Los Angeles, California]]. It was founded in 1969 and as of 2019, operates in 111 offices in 53 countries and employs 8,198 people worldwide.<ref name=":0">{{Cite web|last=|first=|date=|title=Korn Ferry Form 10-K|url=https://ir.kornferry.com/sec-filings/annual-reports/content/0001564590-20-032398/0001564590-20-032398.pdf
==History==
Korn Ferry was founded in 1969 by Lester Korn and Richard Ferry. The two first met in 1962, when they worked for [[Los Angeles]] accounting firm [[Peat, Marwick, Mitchell & Company|Peat, Marwick, Mitchell]].<ref name="WSJ1987July16HilderDavidB">{{cite news|last1=Hilder|first1=David B.|title=Headhunter Gets Recruited for U.N. Post|url=https://www.wsj.com/|access-date=8 December 2016|issue=Eastern edition|publisher=Wall Street Journal|date=16 July 1987|location=New York, N.Y., United States|page=N/A}}</ref>
In 1969 the firm went public with an initial public offering (IPO), but in 1974 reacquired all outstanding shares to become private again.<ref name="WSJ1998May07LublinJoannS">{{cite news|last1=Lublin|first1=Joann S.|title=Korn/Ferry Mulls IPO for Search Firm As a Way to Remain Industry Leader|url=https://www.wsj.com/articles/SB894490267632264500|access-date=12 December 2016|agency=Dow Jones & Company Inc|issue=Eastern edition|publisher=Wall Street Journal|date=7 May 1998|location=New York, N.Y., United States|page=B20}}</ref> In 1973 Korn Ferry formed [[Tokyo, Japan]]-based Korn Ferry International Japan.<ref name="TheJapanEconomicJournal1981July28KikuchizSeiichi">{{cite news|last1=Kikuchiz|first1=Seiichi|title=Japanese Enterprise Also Begin to Make Use of Executive Search Firms|agency=The Nihon Keizai Shimbun|publisher=The Japan Economic Journal|date=28 July 1981|location=Japan|page=15|language=en}}</ref> With the opening in 1975 of Korn Ferry International Singapore, the company had 41 offices in 20 countries.<ref name="TheStraitsTimes1992May18AdversarioPatricia">{{cite news|last1=Adversario|first1=Patricia|title=More S'pore Execs Becoming Expatriate Workers in Region|publisher=The Straits Times|date=18 May 1992|location=Singapore|language=en}}</ref> In 1977 they acquired the [[Mexico City]] firm Hazzard & Associados. In 1978 they opened offices in [[Malaysia]]<ref name="TheNewStraitsTimesPress(M)Bhd1997January14">{{cite news|title=Korn/Ferry Delighted With Appointment|agency=Media Prima|publisher=The New Straits Times Press (M) Bhd|date=14 January 1997|location=Malaysia|language=en}}</ref> and [[Hong Kong]], and acquired the UK firm John Stork. In 1979 they acquired Australian-based Guy Pease Associates.<ref>{{Cite book | url=https://books.google.com/books?id=wCCqaDKu7T4C&pg=PA82 |title = Headhunters and How to Use Them: A Guide for Organisations and Individuals|isbn = 9781861977342|last1 = Jenn|first1 = Nancy Garrison|date = April 2005| publisher=John Wiley & Sons }}</ref>
In 1981 the company became the largest [[executive search]] firm in the world, with Lester Korn serving as Chairman and CEO.<ref name="NewYorkTimes1981April21BarmashIsadore">{{cite news|last1=Barmash|first1=Isadore|title=Talking Business with Nesbit of Korn/Ferry|url=https://www.nytimes.com/1981/04/21/business/talking-business-with-nesbit-of-korn-ferry-personnel-chief-has-new-role.html|access-date=9 December 2016|work=New York Times|date=21 April 1981|location=New York, N.Y., United States}}</ref> In 1987 the firm opened an office in [[Bangkok, Thailand]]. They then had 37 offices in fifteen countries servicing around 1,250 client corporations and organizations.<ref name="Friedman1987">{{cite book|author=Stewart D. Friedman|title=Leadership Succession|url=https://books.google.com/books?id=cy7iMFjgLpsC&pg=PA146|date=January 1987|publisher=Transaction Publishers|isbn=978-0-88738-162-1|pages=146–}}</ref> In 1989, the firm's revenues exceeded $100 million for the first time.<ref name="WSJ1991May13">{{cite news|title=Korn/Ferry's Chief Adds Chairman Post|issue=Eastern edition|publisher=Wall Street Journal|date=13 May 1991|location=New York, N.Y., United States|page=B10|language=en}}</ref>
In May 1991 Lester Korn retired as chairman and Richard Ferry, the president and CEO, assumed the additional role of chairman.<ref name=WSJ1991May13/> Following this, the firm initiated several office closures.<ref name="WSJ1991August02LublinJoannS">{{cite news|last1=Lublin|first1=Joann S.|title=Headhunters Seek Solution to Slowdown by Adding Services, Expanding Abroad|issue=Eastern edition|publisher=Wall Street Journal|date=2 August 1991|location=New York, N.Y., United States|page=B1}}</ref> In 1992 Korn Ferry implemented a video-conferencing system for screening job candidates.<ref name="WSJ1992October13LublinJoannS">{{cite news|last1=Lublin|first1=Joann S.|title=Search Firm Puts Prospects in Focus|agency=Dow Jones & Company Inc|issue=Eastern edition|publisher=Wall Street Journal|date=13 October 1992|location=New York, N.Y., United States|page=B1}}</ref> In 1993, the firm acquired Carre Orban and Partners and merged its European operations into a firm branded in Europe as Korn/Ferry Carre/Orban International.<ref>The Economist, and Nancy Garrison Jenn. ''Headhunters and How to Use Them: A Guide for Organisations and Individuals.'' London, England : Profile Books. [https://books.google.
In August 1998,<ref name="CrainsNewYorkBusiness1999October25BlakeWendy">{{cite news|last1=Blake|first1=Wendy E.|title=Big Recruiters Set Sites on High-Tech Job Hoppers|volume=15|issue=43|publisher=Crain's New York Business|date=25 October 1999|page=36. 2p}}</ref> Korn Ferry partnered with [[The Wall Street Journal]] to start Futurestep.com, aimed at the middle management level.<ref name="NewYorkTimes1998June08RichtelMatt">{{cite news|last1=Richtel|first1=Matt|title=A New Executive-Recruiting Service on the Web|url=https://www.nytimes.com/1998/06/08/business/a-new-executive-recruiting-service-on-the-web.html|access-date=9 December 2016|issue=Business/Financial Desk|work=New York Times|date=8 June 1998|location=New York, N.Y., United States|page=D6}}</ref><ref name="WSJ1998June08">{{cite news|title=Wall Street Journal, Korn/Ferry Form Job-Search Joint Venture|url=https://www.wsj.com/articles/SB897253113678695500|access-date=12 December 2016|agency=Dow Jones & Company Inc|issue=Eastern edition|publisher=Wall Street Journal|date=8 June 1998|location=New York, N.Y., United States|page=B11}}</ref> By 2001 Futurestep had been rolled out to 22 countries; it incurred worldwide losses of $60 million through January 31, 2001.<ref name="TheBusinessTimesSingapore2001May15TeoAnna">{{cite news|last1=Teo|first1=Anna|title=Internet Recruitment Does Not Work : Russell Reynolds|publisher=The Business Times Singapore|date=15 May 2001|location=Singapore|page=1|language=en}}</ref>
In 1999 Korn Ferry acquired the German firm Hofman Herbold and the Australian firm [[Amrop Partnership|Amrop International]].<ref>{{cite news|last1=Boreham|first1=Tim|title=Korn Ferry Headhunts Amrop Arm|issue=Finance|publisher=The Australian|date=24 June 1999|page=22}}</ref> In 2000 it acquired the London-based PA Consulting Group for an estimated $35M. In 2000 it purchased Boston-based financial services search firm Westgate Group,<ref name="TheAtlantaJournalAndConstitution2000June14">{{cite news|title=Korn/Ferry to buy Westgate Group|publisher=The Atlanta Journal and Constitution|date=14 June 2000|location=Atlanta, United States|page=2E}}</ref> and Canada-based Pratzer & Partners Inc.<ref name="GlobeAndMailCanada">{{cite news|title=Korn/Ferry International|issue=Appointment Notices-Adv't|publisher=The Globe and Mail (Canada)|date=19 January 2011|page=B10}}</ref>
During an executive-search industry contraction, Korn Ferry's 2001 redundancies were "more dramatic than those of competitors who aren't publicly traded" such as [[Spencer Stuart]] and [[Russell Reynolds Associates]]. This was reported and attributed to having "expanded so heavily during the technology boom" coupled with Korn Ferry's new CEO Paul C. Reilly choosing to "send a message to shareholders."<ref name="WSJ2001August21TkacikMaureen">{{cite news|last1=Tkacik|first1=Maureen|title=Korn/Ferry to Slash Work Force By 20% in New Round of Job|url=https://www.wsj.com/articles/SB998311944722481813|access-date=12 December 2016|agency=Dow Jones & Company Inc|issue=Eastern edition|publisher=Wall Street Journal|date=21 August 2001|location=New York, N.Y., United States|page=A4|language=en}}</ref>
In 2001 Korn Ferry purchased Levy Kerson, Helstrom Turner & Associates, and Pearson, Caldwell, and Farnworth.<ref name=me>{{Cite book | url=https://books.google.com/books?id=EpuQBAAAQBAJ&pg=PA80 |title = The Globalization of Executive Search: Professional Services Strategy and Dynamics in the Contemporary World|isbn = 9781317675358|last1 = Beaverstock|first1 = Jonathan V.|last2 = Faulconbridge|first2 = James R.|last3 = Hall|first3 = Sarah J. E.|date = September 19, 2014| publisher=Routledge }}</ref> In 2005 the firm moved its regional head office to [[Shanghai, China]],<ref name=BeaverstockFaulconbridge2014 /> and had a total of 73 offices in forty countries. In 2006 Korn Ferry acquired leadership development tools firm Lominger Limited of Golden Valley for $24M.<ref name="WSJ2015April02LublinJoannS">{{cite news|url=https://www.wsj.com/articles/former-korn-ferry-executive-alleges-retaliation-1427916859|title=Suit Alleges Korn/Ferry Fired Official In Retaliation|last1=Lublin|first1=Joann S.|date=2 April 2015|access-date=8 December 2016|publisher=Wall Street Journal|issue=Eastern edition|location=New York, N.Y., United States|page=B3}}</ref>
In 2006 the company acquired Lominger International, and in 2007 Gary Burnison became the company's new CEO.<ref name=WSJ2015April02LublinJoannS/><ref name="StarTribune2007" /><ref name="WSJ2014December09WeberLauren">{{cite news|url=https://www.wsj.com/articles/korn-ferrys-ceo-what-boards-look-for-in-executives-1418151461|title=Here's What Boards Want in Executives|last1=Weber|first1=Lauren|date=9 December 2014|access-date=20 December 2016|publisher=Wall Street Journal|issue=Eastern edition|location=New York, N.Y., United States|page=B5|language=en}}</ref> That year the company acquired LeaderSource.<ref name="StarTribune2007">{{cite news|last1=St. Anthony|first1=Neal|title=Korn/Ferry International to acquire LeaderSource; The purchase, in addition to one last year of Lominger International, broadens Korn/Ferry's areas of business.|issue=Metro Edition|publisher=Star Tribune (Minneapolis, MN)|date=10 January 2007}}</ref> In 2008 they acquired Lore International Institute, and in June 2009, they acquired the London-based Whitehead Mann.<ref>{{cite news|last1=Andrews|first1=Amanda|title=Recruitment firm Korn/Ferry acquires British headhunter Whitehead Mann|url=https://www.telegraph.co.uk/finance/newsbysector/supportservices/5518021/Recruitment-firm-KornFerry-acquires-British-headhunter-Whitehead-Mann.html|access-date=7 December 2016|publisher=The Telegraph|date=12 June 2009}}</ref> In 2010 they acquired Sensa Solutions, in 2013 Korn Ferry completed its acquisition of Minneapolis-based PDI Ninth House for $80M;<ref name="StarTribune2014">{{cite news|last1=St. Anthony|first1=Neal|title=Korn Ferry Division Grows in Mpls.|issue=Metro Edition|publisher=Star Tribune (Minneapolis, MN)|date=28 July 2014}}</ref> in 2015 they acquired Pivot Leadership<ref>{{cite web| url = https://www.bizjournals.com/losangeles/news/2015/02/13/korn-ferry-to-buy-pivot-leadership.html| url-status = dead| archive-url = https://web.archive.org/web/20150217155927/http://www.bizjournals.com/losangeles/news/2015/02/13/korn-ferry-to-buy-pivot-leadership.html| archive-date = 2015-02-17| title = Korn Ferry to buy executive development company Pivot Leadership - L.A. Biz}} </ref> and Hay Group.<ref>{{Cite
In 2018 Korn Ferry took a one-time, non-cash intangible asset impairment charge of $106 million, or $79 million on an after-tax basis, to account for rebranding its entire business simply as "Korn Ferry," and sunsetting all the Company's sub-brands, including Futurestep, Hay Group, and Lominger.<ref>{{Cite news|url=https://www.fool.com/investing/2018/06/13/why-kornferry-stock-just-jumped-13.aspx|title=Why Korn/Ferry Stock Just Jumped 13%|last=Smith|first=Rich|work=The Motley Fool|access-date=2018-07-26|language=en}}</ref>
According to a list maintained by the [[Yale School of Management]],
===Whitehead Mann===
'''Whitehead Mann''' was a [[London]]-based [[executive search]] firm that was acquired by
Whitehead Engineering was founded by Clive Whitehead, who on marriage merged his firm with that of his wife's, the psychologist Anna Mann (Mann Recruitment), to form Whitehead Mann in the 1970s. The firm listed on the [[Alternative Investment Market|AIM]] part of FTSE in 1997. By 2003 the company had market capitalisation of £33 million mainly through acquisition, with offices in London, Paris, Frankfurt, Hong Kong and New York; together with training and advisory divisions.{{citation needed|date=September 2020}}
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==Sponsorship==
On June 19, 2019, the [[PGA Tour]] and Korn Ferry announced they had entered a 10-year agreement making Korn Ferry the Umbrella Sponsor of the newly named [[Korn Ferry Tour]], the developmental tour for the PGA. In replacing Web.com, Korn Ferry's sponsorship will extend through the 2028 season.<ref>{{Cite magazine |url=https://www.golfdigest.com/story/korn-ferry-replaces-webcom-as-the-umbrella-sponsor-of-the-pga-tours-developmental-tour |title=Korn Ferry replaces Web.com as the umbrella sponsor of the PGA Tour's developmental tour |last=Hennessey |first=Stephen |magazine=Golf Digest|access-date=2019-06-24}}</ref> The [[Korn Ferry Tour]] will continue to award PGA Tour membership to the Tour's 50 leading players, including the top 25 from the Regular Season points list and the top 25 from the three-event Korn Ferry Tour Finals points list.<ref>{{Cite web |url=https://www.pgatour.com/korn-ferry-tour/news/2019/06/19/korn-ferry-umbrella-sponsor-korn-ferry-tour.html |title=PGA Tour announces Korn Ferry as umbrella sponsor of newly named Korn Ferry Tour |publisher=PGA Tour |access-date=2019-06-24}}</ref>
==Notable persons==
* [[Prith Banerjee]] (born 1960), Indian American academic and computer scientist
* [[Gordon Orlikow]] (born 1960), Canadian [[decathlon]], [[heptathlon]], and hurdles competitor, [[Athletics Canada]] Chairman, [[Canadian Olympic Committee]] member, Korn/Ferry International partner
* [[Ron Pelosi]] (born 1934), American businessman and public figure
* [[Stephen Joel Trachtenberg]] (born 1937), 15th President of George Washington University
* [[Stephen A. Unger]] (born 1946), American recruiter
* [[Ronald H. Walker]] (born 1937), American executive
==References==
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{{Authority control}}
[[Category:International management consulting firms]]
[[Category:Management consulting firms of the United States]]
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