Korn/Ferry Sees Surge in CEO Succession Projects

LOS ANGELES, Nov. 12 /PRNewswire-FirstCall/ -- Korn/Ferry International (NYSE:
KFY), a premier global provider of talent management solutions, today reported
a 400 percent increase in its engagements with corporate boards of directors
on CEO succession planning consulting projects for the first six months of the
current fiscal year. This is more than twice the number of succession planning
projects in the prior two years combined. Korn/Ferry is currently working on
more than 25 CEO succession planning projects for a variety of clients in the
public sector across multiple industries.

"With increased government business regulation, the turbulent business
environment and real-time examples of corporate boards that did not have
immediate CEO replacements at the helm, we are seeing a significant increase
in corporate boards planning for CEO succession," said Joe Griesedieck, vice
chairman and managing director of Korn/Ferry's Board & CEO Services. "CEO
succession planning continues to be one of the most important responsibilities
that the board of directors holds. Planning for CEO succession is not an
individual event, but a strategic process and should be on every board's
agenda for regular review on at least a quarterly basis. Going forward, we
expect to see boards of directors continue to seek regular guidance in
implementing a solid CEO succession plan."

Recent Korn/Ferry studies show that while corporate boards consider CEO
succession to be one of their most important jobs, only approximately half
currently have a succession plan in place.

Korn/Ferry advises CEOs and boards on successful CEO succession planning and
assessment to ensure boards are prepared, rather than reacting to outside or
uncontrollable forces. The Firm's expertise focuses on validated best
practices based on proprietary research conducted by its organizational and
leadership development arm, Korn/Ferry Leadership and Talent Consulting.

About Korn/Ferry International
Korn/Ferry International, with a presence throughout the Americas, Asia
Pacific, Europe, the Middle East and Africa, is a premier global provider of
talent management solutions. Based in Los Angeles, the firm delivers an array
of solutions that help clients to attract, develop, retain and sustain their
talent. Visit www.kornferry.com for more information on the Korn/Ferry
International family of companies, and www.kornferryinstitute.com for thought
leadership, intellectual property and research.

SOURCE Korn/Ferry International

Melissa Merrill, +1-212-642-7766, Melissa.Merrill@edelman.com, for Korn/Ferry
International