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Nosal Partners LLC and Farient Advisors LLC Forge Strategic Alliance
San Francisco, CA, June 3, 2009 - Nosal Partners LLC, the Executive Leadership Solutions™ firm, announced today that it has formed a strategic alliance with Farient Advisors LLC, a premier executive compensation and performance advisory firm. Headquartered in San Francisco and with offices in Atlanta, Chicago, New York, Minneapolis and São Paulo, Nosal Partners delivers retained executive search, executive leadership development, and interim executive solutions. With offices in Los Angeles, New York, and San Francisco, Farient Advisors provides independent, objective advice on executive compensation and performance, with a focus on developing, monitoring, and maintaining strong linkages between business strategy, performance, and pay. In addition, Farient provides ongoing process support to Compensation Committees and management to assist companies throughout their entire annual compensation planning cycle.
Both Farient and Nosal Partners are committed to providing value to their clients by gaining a thorough understanding each client’s business and organization and delivering high quality and impactful human capital offerings, while maintaining their own independence and core strengths. Under the agreement, Farient and Nosal Partners will become preferred providers to each other within their respective areas of expertise, and they also will jointly produce intellectual capital and provide thought leadership to benefit their clients. Because both firms consider independence essential to serving their clients well, neither Farient nor Nosal Partners will have any ownership or economic rights in or be compensated by one another.
“The goal of this alliance is to leverage our complementary capabilities for the benefit of our clients and to enhance and strengthen our client relationships in the process. We are delighted to have an alliance relationship with Nosal Partners as we feel that our combined, broader perspectives can help better address client issues, while still maintaining complete independence and best-in-class capabilities in each of our respective businesses”, said Robin Ferracone, Executive Chair of Farient Advisors. “In this regard, Nosal Partners is an ideal choice. Both firms have a culture of investing in client relationships by getting to know their businesses over the long-run.”
“Farient and Nosal share the view that companies need broad human capital solutions in executive selection, development, performance assessment, compensation and succession that are internally consistent and fit with business strategy, but that the competencies in delivering advisory services in each of these areas differ”, said Todd Gershkowitz, Senior Vice President of Farient Advisors. “We see this alliance as a way to give clients the best of both worlds . . . broad, integrated perspectives from like-minded business advisors, without cross-selling pressure or conflicts of interest.”
“Since the company’s inception, Nosal Partners has been committed to providing clients with the broadest range of Executive Leadership Solutions™ services. The Farient product and service offering around executive compensation and performance consulting represents key competencies our clients seek. We feel that Farient’s reputation and track record are consistent with Nosal Partners’ own philosophy around quality of delivery and high-touch service”, said David Nosal, Chairman and Chief Executive Officer for Nosal Partners.
About Farient Advisors
Founded in 2007 by Robin Ferracone, Farient Advisors LLC is an independent executive compensation and performance advisory firm. With offices in Los Angeles, New York, and San Francisco, Farient provides insight on executive pay, performance, and governance processes, not just pay. Farient Advisors partners with its clients to proactively help them address their executive compensation and performance issues, but also retains its independence ensuring that the consulting services the firm provides serve the long-term best interests of its clients’ shareholders. For more information, visit www.farient.com.
About Nosal Partners
Nosal Partners LLC is the first and only Executive Leadership Solutions™ firm. Headquartered in San Francisco and with capabilities around the globe, the company delivers flexible, customized executive search, executive leadership consulting, and interim executive leadership solutions to a worldwide clientele. For more information, please visit www.nosalpartners.com.
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