Korn/Ferry hires Burnison as CFO

He joins Korn/Ferry from Guidance Solutions, where he was CFO. His predecessor as Korn/Ferry's CFO, Elizabeth Murray, resigned from the firm earlier this year.

Donald Jordan, who has been acting as interim CFO, is to stay on as senior vice-president of finance.

Korn/Ferry expects to make further cuts in its European workforce, after cutting its global staff already by more than 30% since the start of 2001. Its latest results, for the third quarter of this fiscal year, show revenues down by 41% and a net loss for the quarter of $7.3m.