June 18, 2018

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New CEO Chosen for Global Impact Firm Palladium

Submitted by: IMImobile

Categories: Corporate Governance, Sustainability

Posted: Jun 11, 2018 – 10:21 AM EST

 

- Australian CEO Kim Bredhauer steps aside after 36 years of service to take new position on Board of Palladium, one of the world's largest program managers for USAID, DFID and DFAT

- Following extensive search for the best candidate, current head of Strategy and Corporate Development Chris Hirst is appointed CEO from October 2018

- Vision to strengthen delivery of major international development programmes around the world and maximise global impact through private sector, investor, and government engagement

WASHINGTON, Jun. 11 /CSRwire/ - (GlobeNewswire) – Global impact firm Palladium, which manages large-scale government programs for the United States Agency for International Development (USAID), DFID and DFAT, has chosen a new Australian CEO to take over from Kim Bredhauer. Bredhauer has spent 36 years with Palladium and 18 as Group Managing Director and CEO, building the company into one of the world's largest programme managers and consultancies dedicated to linking social progress with commercial growth.

Following a five-year search, Palladium has appointed internal candidate Chris Hirst, head of Strategy and Corporate Development. He will officially take over the CEO role later this year (October).

Hirst's career at Palladium spans almost 20 years, working in senior positions in the United States, Australia, Zimbabwe, and the United Arab Emirates, which includes a five-year secondment as the CEO of Abu Dhabi Farmers' Services Centre. During his time there, he built up the number of staff from 60 to 2,000 employees in 20 offices, supporting 24,000 small farms and ensuring that the agriculture sector in the Emirate was commercially viable and sustainable.

As the new CEO of Palladium, Hirst will focus on empowering employees to improve efficiency in operations and delivery of "Positive Impact"   sustainable solutions with both social and economic value   in over 90 countries. Hirst will be responsible for implementing the strategy and delivering on the objectives and vision of the Board. Palladium's Board has six members, including Alonzo Fulgham, who was appointed Acting Administrator of USAID in 2009 and served as USAID's first Chief Operating Officer.

After 36 years of service, multiple acquisitions and significant impact across the globe, Kim Bredhauer has decided to shift his role. He started at Palladium as a recent graduate in 1982, working his way up to become Managing Director and CEO   a role he's held since 2000. Beginning in October, he will continue to guide and oversee the company from his continuing role as Group Managing Director and beginning in January 2019, Executive Chairman designate. 

Palladium has more than 2,500 staff operating in complex environments across the world to improve societies, communities, businesses and the lives of millions. Core tailor-made services include consulting, programme management, impact investing and capacity building in public and private sectors ranging from education and the environment to health and food security.

Chris Hirst, new CEO of global impact firm Palladium, said: "I'm extremely proud to have the opportunity to take over from Kim, who has been hugely successful in developing the company to what it is today. I'm passionate about social change, which is what my career has been about since the beginning, but I'm also drawn to the business side. The CEO role is the best place to be able to influence both of these.

"I have an intimate understanding of the company, where we've been and where we want to go. I've been in different roles   team leader, project director, head of Strategy, seconded CEO   and I'm familiar with everything from our markets to our internal culture. My ambition is to continue Palladium's growth, working with innovative partners to help improve economic and social welfare across the world." 

Kim Bredhauer added: "This decision has been years in the making, following a robust internal and external search. Chris is a talented strategist with a deep commitment to Palladium's success. In addition to his strong business acumen, he is passionate about social change and making the world a better, more equitable place. Based on my own experience as CEO, I believe the role will require him to tap into both drivers, just as all good CEOs should.

"Our employees trust him, our clients trust him, and I trust him. From my new role on the Board, I'm looking forward to continuing our important work together."

-ENDS-

Notes to Editor:

For Media enquiries and high resolution images, please contact:

Guy Smith or Jose Mendez at Redleaf Communications at gs@redleafpr.com or jm@redleafpr.com or 07850 771900 / 07884 134440

Palladium is a global impact firm, working to link social progress and commercial growth. For the past 50 years, we've been helping our clients to see the world as interconnected   by formulating strategies, building partnerships, and implementing programs that have a lasting social and financial impact. We simply call this "Positive Impact". 

We work with corporations, governments, investors, communities, and civil society. With a global network operating in over 90 countries, Palladium is in the business of making the world a better place. www.thepalladiumgroup.com

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