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StevenDouglas Promotes Matt Shore to Chief Executive Officer
Steve Sadaka appoints current President, Matt Shore to CEO and takes on the Chairman and Founder role, with a focus on continuing the firm’s growth strategy and nurturing the company’s great culture.
Ft. Lauderdale, FL – July 12, 2022 –StevenDouglas, one of the nation’s leading boutique Executive Search and Interim Resources firms, founded in 1983 and headquartered in South Florida, is officially appointing Matt Shore as CEO, and Steve Sadaka will assume the role of Chairman and Founder. Shore joined StevenDouglas in 2006, playing an integral role in the company’s significant expansion, and becoming a true partner with Sadaka as they worked together to create over 2000% growth since 2005, making StevenDouglas one of the fastest-growing firms in America. Shore has been a dynamic leader at the firm, initially coming in to launch the highly successful Interim Resources Practice and after one year was promoted to President to help scale the Search business as well. Since then, Matt has helped the firm opportunistically expand from 1 office and 15 employees when he joined, into a national firm with 22 offices and 150 professionals, providing exceptional services to their clients.
Moving forward, while titles have changed, Shore and Sadaka’s roles within the firm will continue as they have been over recent years. Sadaka remains committed to his firm’s reputation as an employer of choice that cares about people, work culture, and creating exceptional outcomes for their clients and candidates. Shore will lead the firm into the future as CEO, and will collaborate with Sadaka on strategy, vision, and purpose, as it evolves into one of the leading firms in the United States.
“Matt truly embodies the core values that StevenDouglas was founded on. He is always committed to doing what’s best for our employees, clients, and candidates, as well as his community.” Sadaka went on to say, “I couldn’t think of a better partner as we continue to expand StevenDouglas while keeping our amazing culture intact.”
StevenDouglas is forecasting over $125 million in revenue for 2022, more than doubling in size since its pre-pandemic peak in 2019. The national recruiting firm is reporting strong numbers across the board, including 70% revenue growth YoY in their Search business and an astounding 90%+ increase in its IT Staffing and Project Resources divisions. Ascending into the Top 25 Executive Search firms in America in 2021 was accomplished through the firm’s triple-digit growth last year, which also placed StevenDouglas in the top 10 fastest growing firms on the Top 50 list by Hunt Scanlon Media, as well as the #1 Executive Search firm based in the Southeast United States.
These last 18 months have been some of the most successful in the company’s 38-year history. A confluence of factors contributed to this success, none more important than the decision to refrain from laying off employees, like many of their competitors did early in the pandemic. Instead, they decided to lean into the initial downturn in 2020 and take advantage of a sudden availability of highly talented, experienced recruiting and client services talent to expand into new markets and add key staff and leaders in high-demand areas. This strategy had the firm poised to better service clients across the U.S. when the job market rebounded in 2021, and has contributed to an expansion into new markets, such as Nashville, Dallas, Austin, and St Louis.
“I am honored and humbled to officially take on the CEO role, and extremely proud of the incredible team we have built here at StevenDouglas,” said Matt Shore. He continued, “Steve is really the soul of this firm, and without his vision and influence we’d never be in this amazing position. I am so grateful for the opportunity, and truly committed to maintaining our exceptional culture while helping guide our teams to create successful outcomes for our clients and candidates.”
About StevenDouglas
StevenDouglas, one of the nation’s leading boutique Search and Interim Resources firms, has been a recognized leader in identifying and providing access to top talent for clients since 1984. Our client base is industry agnostic and ranges from emerging middle-market to Fortune 500 companies, private equity and venture capital firms, hedge funds, family offices and wealth management firms. Recognized as a Top 25 Executive Search firm, our footprint has expanded to over 20 offices and in excess of 150 professionals committed to creating successful outcomes for both clients and candidates.
The firm has been connecting premier candidates to their client base that spans an array of high- demand disciplines, and a broad range of industries. StevenDouglas is nationally known for search expertise in Finance & Accounting, Human Resource, Information Technology, Executive Leadership, Financial Services, Operations, Sales & Marketing, Legal, Risk & Compliance, Supply Chain & Logistics; As well as providing interim resources and staffing for Information Technology, Finance & Accounting, and Human Resources.
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