New CEO Chosen for Global Impact Firm Palladium
10 Junho 2018 - 5:00PM
- Australian CEO Kim Bredhauer steps aside after 36
years of service to take new position on Board of Palladium, one of
the world's largest program managers for USAID, DFID and DFAT
- Following extensive search for the best
candidate, current head of Strategy and Corporate Development Chris
Hirst is appointed CEO from October 2018
- Vision to strengthen delivery of major
international development programmes around the world and maximise
global impact through private sector, investor, and government
engagement
Washington
June 11, 2018: Global impact firm Palladium, which
manages large-scale government programs for the United States
Agency for International Development (USAID), DFID and DFAT, has
chosen a new Australian CEO to take over from Kim Bredhauer.
Bredhauer has spent 36 years with Palladium and 18 as Group
Managing Director and CEO, building the company into one of the
world's largest programme managers and consultancies dedicated to
linking social progress with commercial growth.
Following a five-year search,
Palladium has appointed internal candidate Chris Hirst, head of
Strategy and Corporate Development. He will officially take over
the CEO role later this year (October).
Hirst's career at Palladium spans
almost 20 years, working in senior positions in the United States,
Australia, Zimbabwe, and the United Arab Emirates, which includes a
five-year secondment as the CEO of Abu Dhabi Farmers' Services
Centre. During his time there, he built up the number of staff from
60 to 2,000 employees in 20 offices, supporting 24,000 small farms
and ensuring that the agriculture sector in the Emirate was
commercially viable and sustainable.
As the new CEO of Palladium, Hirst
will focus on empowering employees to improve efficiency in
operations and delivery of "Positive Impact"
sustainable solutions with both social and economic
value in over 90 countries. Hirst will be responsible
for implementing the strategy and delivering on the objectives and
vision of the Board. Palladium's Board has six members, including
Alonzo Fulgham, who was appointed Acting Administrator of USAID in
2009 and served as USAID's first Chief Operating Officer.
After 36 years of service,
multiple acquisitions and significant impact across the globe, Kim
Bredhauer has decided to shift his role. He started at Palladium as
a recent graduate in 1982, working his way up to become Managing
Director and CEO a role he's held since 2000. Beginning
in October, he will continue to guide and oversee the company from
his continuing role as Group Managing Director and beginning in
January 2019, Executive Chairman designate.
Palladium has more than 2,500
staff operating in complex environments across the world to improve
societies, communities, businesses and the lives of millions. Core
tailor-made services include consulting, programme management,
impact investing and capacity building in public and private
sectors ranging from education and the environment to health and
food security.
Chris Hirst, new
CEO of global impact firm Palladium, said:
"I'm extremely proud to have the opportunity to take over from Kim,
who has been hugely successful in developing the company to what it
is today. I'm passionate about social change, which is what my
career has been about since the beginning, but I'm also drawn to
the business side. The CEO role is the best place to be able to
influence both of these.
"I have an intimate understanding
of the company, where we've been and where we want to go. I've been
in different roles team leader, project director, head
of Strategy, seconded CEO and I'm familiar with
everything from our markets to our internal culture. My ambition is
to continue Palladium's growth, working with innovative partners to
help improve economic and social welfare across the
world."
Kim Bredhauer
added: "This decision has been years in the making, following a
robust internal and external search. Chris is a talented strategist
with a deep commitment to Palladium's success. In addition to his
strong business acumen, he is passionate about social change and
making the world a better, more equitable place. Based on my own
experience as CEO, I believe the role will require him to tap into
both drivers, just as all good CEOs should.
"Our employees trust him, our
clients trust him, and I trust him. From my new role on the Board,
I'm looking forward to continuing our important work together."
-ENDS-
Notes to Editor:
For Media enquiries and high
resolution images, please contact:
Guy Smith or Jose
Mendez at Redleaf Communications at gs@redleafpr.com or jm@redleafpr.com or 07850 771900 /
07884 134440
Palladium is
a global impact firm, working to link social progress and
commercial growth. For the past 50 years, we've been helping our
clients to see the world as interconnected by
formulating strategies, building partnerships, and implementing
programs that have a lasting social and financial impact. We simply
call this "Positive Impact".
We work with corporations,
governments, investors, communities, and civil society. With a
global network operating in over 90 countries, Palladium is in the
business of making the world a better place.
www.thepalladiumgroup.com
Kim Bredhauer
Chris Hirst
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: IMImobile via Globenewswire
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