We are excited to announce that with the completion of all customary regulatory approvals, the agreement to combine CareerBuilder and Monster is now finalized. As previously announced, the combination of CareerBuilder and Monster brings together two strong, trusted, complementary brands to create a job board with greater scale and reach. Together, both companies can more effectively capitalize on prevailing trends in the market to deliver enhanced growth.
Jeff Furman, CEO of the combined company, said: “I could not be more excited to bring these two celebrated brands together. We are able to leverage the best-in-class solutions, capabilities, and expertise from both companies to better serve both our candidates and employers and help them navigate the evolving talent marketplace.”
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In addition, we are excited to announce the new leadership team of the organization:
Dinesh Arora, Chief Technology Officer
Scott Blumsack, Chief Marketing and Strategy Officer
Brian Burbrink, Chief People Officer
Leslie Cope, Chief Product Officer
Ahern Dull, Chief Operating Officer
Mark Pacioni, General Counsel
Mike Suhajda, Chief Financial Officer
More details about the company, including branding, will be announced in due course. For now, the company will be referred to as CareerBuilder + Monster, and both websites will continue to operate.
PJT Partners Inc. served as financial advisor and Sidley Austin LLC served as legal counsel to CareerBuilder on the transaction. Jefferies LLC served as financial advisor and Jones Day served as legal counsel to Monster on the transaction.
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