- Push-out Score determined
- After almost 33 years in the position
- Praise for Messmer
- Keith Waddell taking over
- Messmer will remain as Executive Chairman at Robert Half
- Messmer said 63 words
(exechange) — Menlo Park, California, November 7, 2019 — Max Messmer, chief executive of Robert Half, leaves his position. As announced by Robert Half International Inc. in a news release published on Wednesday, November 6, 2019 and in a regulatory filing published on Thursday, November 7, 2019, Harold M. (Max) Messmer leaves his post as Chief Executive Officer at the management consulting company after almost 33 years in the role, effective December 15, 2019.
It is the end of an era.
Among the 3,000 largest publicly held companies incorporated in the U.S. based on market capitalization, the average tenure of the CEOs who announced their departure over the past 12 months was 7.4 years, according to data compiled by exechange.
Max Messmer’s duties as CEO will be taken over by M.Keith (Keith) Waddell, currently Chief Financial Officer of Robert Half International Inc.
“Great management continuity”
Max Messmer’s departure from the CEO post is explained as follows. Messmer said: “Robert Half is fortunate to have great management continuity among our top executives and the experienced leaders of our field operations worldwide, who together average more than 20 years with the company.”
Messmer will remain as Executive Chairman at Robert Half
“Robert Half International Inc. (NYSE: RHI) announced today that Harold M. (Max) Messmer, Jr. (73), its Chairman and CEO for 33 years, will continue as Executive Chairman but retire from his position as CEO, effective December 15, 2019. As Executive Chairman, Messmer will continue to devote significant time to Board matters as well as growth plans, business strategy and the professional development of the company’s employees throughout the organization,” Robert Half said.
“Retire”
Robert Half further said: “Harold M. Messmer, Jr. (73) will continue to serve as Executive Chairman of the Company’s Board of Directors (the “Board”), but will retire from his position as Chief Executive Officer after 34 years of service to the Company, effective December 15, 2019.”
Share price increase since November 2016
The announcement follows an increase in Robert Half International Inc.’s share price of 56% since November 2016.
In the position of CEO since 1987
Max Messmer became CEO of the Company in June 1987.
Messmer has been Chairman since 1988 and Chief Executive Officer since 1987, during which time he has directed and presided over the Company’s substantial growth.
He has been a director since 1982.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
exechange reached out to Robert Half and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 45.2019 ($).