Executive leadership supports continuity of RiseSmart’s global strategy
SAN JOSE, Calif., December 5, 2017 — RiseSmart, the leading provider of contemporary career transition services, announced today that Co-founder and EVP of Global Operations, Dan Davenport, will assume the role of RiseSmart’s president and general manager. Sanjay Sathé, the company’s founder, CEO and president, is transitioning the company leadership to Davenport to guide the RiseSmart team in its next chapter of growth, ensuring continuity of strategy and momentum as a leader in contemporary outplacement solutions.
Prior to serving as RiseSmart’s EVP of global operations, Davenport, then SVP of operations and finance, was named 2016 CFO of the year by Silicon Valley Business Journal based on his exceptional leadership, insight and judgment. Davenport has been with the company for over ten years and currently oversees RiseSmart’s delivery organization, global operations and global partnerships. As the company’s president and general manager, he will carry RiseSmart’s mission, innovation excellence, and global opportunities forward.
Sanjay Sathé, who founded RiseSmart over a decade ago, will move on from his role as CEO and president. His vision of addressing the inefficiencies of traditional outplacement quickly disrupted the career transition industry and landed RiseSmart on Deloitte’s Technology Fast500 companies list with 453% revenue growth. “We have brought accountability for results to a service not typically known for outcome or ROI,” said Sathé. “It has paid off in a big way.”
Under Sathé’s leadership, RiseSmart achieved key milestones, including:
- Built an industry-leading outplacement technology platform, which is focused on results for impacted employees and organizations alike.
- Grew the customer base of Fortune 500 and SMB across 40+ industry segments.
- Launched the industry’s first, real-time outplacement platform for HR, which was recently named a 2017 Top HR Product of the Year by Human Resource Executive®.
- Developed nimble RiseSmart AI technology architecture that facilitates rapid global deployment.
- Launched a global network, RiNGS, which provides local support in 80+ countries.
- Effectuated the acquisition for $100 million by Randstad Holding in 2015 to facilitate global, long-term growth and market dominance.
“I thank Sanjay for his vision, strategic leadership and dedication to the company’s mission, which brought our two companies together in the first place,” said Linda Galipeau, CEO Randstad North America and executive board member of Randstad Holding nv. “We welcome Dan to the role of president, and have no doubt he is well-suited to lead the RiseSmart team to continued global growth and success.”
“Dan Davenport has been my right-hand man since the beginning,” said Sathé. “I feel confident he will continue RiseSmart’s proud tradition of being a great place to work and a leader in contemporary outplacement solutions for HR departments and their transitioning employees.”
“It’s an honor and privilege to serve our customers and employees in this new role,” said Davenport. “We will build on Sanjay’s legacy around innovation, results, and accountability – leading the way forward in our industry. We wish Sanjay the very best as he moves on to his next venture.”
For more information about RiseSmart, visit www.RiseSmart.com
RiseSmart, a Randstad company, is the leading provider of contemporary career transition services and serves organizations in more than 40 industries. Since 2007, RiseSmart's contemporary approach to outplacement – which combines personalized services from trained professionals with proprietary cloud-based technology – has earned awards and recognition from more than a dozen organizations, including Bersin by Deloitte, Gartner Inc., the Brandon Hall Group and Best Workplaces for Women by Fortune magazine. As an operating company of Randstad, one of the leading HR services providers in the world that places more than 600,000 people in new roles every day, RiseSmart delivers meaningful results with landing rates exceeding 80 percent and time-to-placement averages 60 percent faster than national averages. For more information about RiseSmart’s career transition solutions, visit www.risesmart.com.
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