DHI Group announces new CFO and CLO appointments

This announcement is based on a press release statement from DHI Group (NYSE:DHX), Inc. The company has demonstrated strong momentum with a 39% return over the past six months, though investors should note its current trading multiple suggests premium valuation levels. For detailed analysis and fair value estimates, visit InvestingPro, where you can access comprehensive financial metrics and expert insights. The company has demonstrated strong momentum with a 39% return over the past six months, though investors should note its current trading multiple suggests premium valuation levels. For detailed analysis and fair value estimates, visit InvestingPro, where you can access comprehensive financial metrics and expert insights.

Schippers, who has been serving as the Interim CFO since November 2024, joined DHI in 2014. His responsibilities encompass financial planning, accounting, reporting, investor relations, treasury, internal audit, and tax functions. His tenure at DHI has been marked by an increasing level of responsibility, culminating in his current executive role.

Connolly, who has been with DHI since July 2018, previously held the position of General Counsel since May 2023. His duties include overseeing all legal matters such as intellectual property, mergers and acquisitions, corporate securities, litigation, employment law, and data privacy. He also supervises external legal counsel.

Art Zeile, CEO of DHI Group, commended both appointees. He praised Schippers for his analytical skills and commitment to transparency, and highlighted Connolly’s integration of legal expertise into the company’s strategic decisions.

With these executive changes, both Schippers and Connolly are now subject to Section 16a of the Securities Exchange Act of 1934, which involves filing requirements for insiders of publicly traded companies.

DHI Group’s brands, Dice and ClearanceJobs, cater to the recruitment of technology professionals, utilizing an algorithm to manage over 100,000 unique technology skills. These platforms aim to facilitate connections between recruiters, hiring managers, and skilled tech professionals, while also offering career advice and personalized insights. With the company’s earnings report scheduled for February 5, 2025, InvestingPro subscribers can access 12 additional investment tips and comprehensive analysis through the Pro Research Report, which provides deep insights into DHI’s financial health and growth prospects.

This announcement is based on a press release statement from DHI Group, Inc.

In other recent news, DHI Group, Inc. has reported mixed financial results, with a 6% decline in total revenue year-over-year to $35.3 million. Despite this downturn, the ClearanceJobs segment saw a 6% increase in revenue, reaching $13.4 million, while the Dice segment experienced a 12% drop in revenue. Amidst these changes, the company announced the departure of CFO Raime Leeby, with Greg Schippers stepping in as Interim CFO.

In addition, DHI Group has announced a significant reorganization of its operations, forming two distinct divisions dedicated to its main brands: Dice and ClearanceJobs. The restructuring is expected to be completed by February 2025, resulting in an 8% reduction of the total workforce. This move aims to streamline leadership and tailor operations to each brand’s unique market dynamics.

These recent developments underscore DHI Group’s commitment to operational efficiency and growth in the tech hiring landscape. The company anticipates a tech hiring rebound in 2025, aligning with industry growth forecasts. Despite facing challenges, DHI Group remains optimistic, expecting a decline in Q4 bookings and revenue but forecasting a recovery by mid-2025.

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