Former COO, Greg Hollis, promoted to CEO of Recruitment Entrepreneur
Former CEO, Abid Hamid, who spent the last 6.5 years in charge of one of the fastest-growing companies in the recruitment investment market, stepped down as CEO as of January 1st 2023.
Greg Hollis, former Recruitment Entrepreneur (RE) COO has now been promoted to become CEO.
Abid says: “Greg and I have been working together extremely closely over the last 5 years allowing for a seamless and natural transition for Greg to become CEO. Greg has worked in partnership with all of the portfolio CEOs, daily, and is ingrained in the business. I wish him all the luck and energy in his new role and look forward to seeing even more success as he grows the business.”
Over the last 5 years, RE has delivered 62% CAGR on EBIT, doubled the number of JVs, achieved a very successful exit ( 80x), and continues to deliver exceptional results for our shareholders.
Founded in the UK, RE is growing at pace, globally, across 18 countries. It has fast become one of the leading investment firms for scale-up and launching recruitment businesses, and the go-to company for many entrepreneurs.
On the challenge and strategy to continue the success to date, Greg Hollis says: “We’ve built a solid foundation and platform for all our portfolio partners and Abid has been an incredible driving force to get us where we are today. We’ve got an experienced team that continues to deliver an exceptionally high standard of support to our portfolio partner businesses to help them launch and scale their business successfully, and we will continue to build on that in 2023. I’m looking forward to expanding the RE brand to be the leading, and first choice for all recruitment entrepreneurs looking to launch, scale and exit their recruitment businesses.”
RE, whose Chairman is James Caan CBE, is one of the most successful private equity investors in recruitment businesses. Their mission is to help founders globally, launch, scale, and eventually exit their own recruitment businesses, generating a wealth creation event. They invest in all sectors within the recruitment industry, which provides a diverse portfolio of businesses, each one a specialist in its own niche. Over the years they have fostered a community of businesses that benefit from the expertise of our dedicated team who provide; funding, financial expertise, operational strategy, back-office support, legal advice, marketing, and talent attraction solutions, all of which enable our partner businesses to flourish.
