LastPass, a $200M fast-growing security company privately backed by Francisco Partners as the global leader in zero-knowledge password management, recently built its executive leadership team through the guidance of new CEO, Karim Toubba.
ON Partners Q1 2022 Executive Leaders Report
ON Partners publishes its new Q1 2022 Report with key executive search learnings, results, insights, and highlights
ON Partners, the experience-driven firm focused on pure-play retained executive search, has launched its new Q1 2022 report stocked full of executive search insights for the beginning of the 2022 year. The report encapsulates the most popular articles and topics from ON so far this year and shares the recent successful appointments made within the ON community.
It’s no secret the competition for senior talent is fiercer than ever as we move through 2022, with COVID putting the ability of businesses to effectively solve customer problems front and center.
“It might be too early to say what 2022 will look like but based on the first quarter and our forward projections, we expect more growth and more demand for our services,” said Tim Conti, managing partner at ON Partners. “Obviously, there are many external factors that could impact that, but right now this year looks like it is going to be another incredible year, with a ton of demand for leadership and significant competition for talent.”
ON Partners collaborated with executives across a multitude of industry sectors to appoint over 50 C-level and board leaders in new positions this quarter. Of all the searches ON closed in the quarter, 40% were diverse executive appointments. Here are a few of our successful placements across industries and functions so far this year.
Congratulations to Rinki Sethi for her new position as CISO for Bill.com (NYSE:BILL), a leading provider of cloud-based software that simplifies, digitizes, and automates back-office financial processes for small and midsize businesses (SMBs). Sethi has more than two decades of security and technology leadership expertise and was most recently Vice President and Chief Information Security Officer at Twitter and Rubrik Inc.
Congratulations to Jeffrey Herbst for his new board leadership role at MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions. Herbst spent nearly twenty years at NVIDIA where he built and managed an ecosystem of accelerated computing applications spanning the domains of AI, data science, autonomous machines, and graphics and visualization.
It was a pleasure partnering with Impossible Foods, the plant-based substitute for meat products, on the appointment of Johanna Honeyfield as Vice President, Finance and Strategy. Honeyfield has over 15 years of experience in finance leadership roles in Ireland, Singapore, Japan, and the United States. She joins Impossible Foods from Diageo, a global leader in spirits and beers.
Brian Klapac joins Mindbody, the leading experience technology platform for the wellness industry, as their new SVP, Technology. Klapac brings over 20 years of experience in the Software/SaaS industry-leading IT and operations from early-stage startups to global, multi-billion dollar corporations including Forcepoint, ServiceNow, and VMWare.
Check out more of our recent executive appointments here. And download the full Q1 2022 report today!
We publish a variety of ON Insight reports monthly. Our most popular insights report from Q1 2022 features partner, Jeff Hocking, as he reflects on the recent increase in diversity executive hiring in the tech sector. Jeff has made a priority of increasing the number of diverse executives in leadership positions, with more than 70% of his 2021 search assignments resulting in diverse executive placements.
“It is widely known that the Bay Area has historically lacked qualified diverse tech talent. But with the pandemic shifting the workplace to remote-first, a much larger universe of candidates has opened up, allowing us to present qualified diverse executives who would otherwise not be considered,” Hocking says.
Read Hocking’s latest insights here.
The last two years have had a profound impact on every sector of society, with people reevaluating their lives and leaving their jobs in record numbers. The pandemic fallout has triggered intense competition for talent – and completely changed the game in executive search. Featured recently in Hunt Scanlon Media, ON Partners predicted the executive roles in highest demand coming into 2022.
“There are more great opportunities than great candidates, especially with the pace of fundraising in the PE markets,” noted partner Tindall Sewell. “Offer letter and candidate demands for rich compensation packages are higher than ever. Great talent will not only have multiple offers, but counter offers as well.”
Check out our 2022 executive search forecast for 2022 here.
Shawn Oglesbee, partner at ON Partners, sat down with Board Leadership Journal for their March 2022 issue to discuss developments in corporate board rooms as organizations look to move beyond the current challenges facing them.
The past year has seen one of the most volatile business environments in memory. Political, social, economic, health, and regulatory factors combined to form the perfect storm, creating a turbulent path for boards and those in the C-suite to navigate.
As a result, bringing together the right executive leadership team to unlock a brand’s potential has never been more critical, especially as the demand for leadership talent has increased moving into 2022. Building a board team with the right mix of experience and perspectives has arguably never been more important to an organization’s success.
Read the full article from Oglesbee reflecting on changes in the boardroom here.
See exclusive coverage of the report in Hunt Scanlon Media.
About ON Partners
Since 2006, ON Partners is the only pure-play executive search firm building diverse C-level and board leadership teams. We rebuilt the institution of executive search for the way you work. Our approach includes present partners who engage with their clients from the first brief to the final decision, individually crafted solutions that are unique to each client, and an easier experience all around. Named by Forbes as one of America’s Best Executive Recruiting Firms and to the Inc. 500/5000 Lists nine times, ON Partners is consistently ranked among the top 20 retained executive search firms in the U.S.
Untraditional by Choice. Original by Design. Since 2006.
START YOUR JOURNEY WITH US TODAY.
If you want to create a new path – ON Partners knows how to help you get there.