Expert view

Commentary submitted by Russ Mould in their own words.

Back to expert views

-CityHays

Hays profit tumbles as recruiter grapples with prolonged hiring slump

Russ Mould, investment director at AJ Bell, said: “Hays’ chief executive Dirk Hahn is leaving the recruiter after two-and-a-half years in the top job for personal reasons.

“It is currently an incredibly tough jobs market and that’s illustrated by considerable weakness in Hays’ share price.

“The company has lost 72 per cent of its market value over the past five years, mirroring a trend seen elsewhere in the recruitment sector.

“Hahn is a Hays lifer, having climbed the ladder in the business over a 28-year stint. He will have seen plenty of good and bad times.

“Whoever becomes the next permanent CEO will need similar experience and a lot of smart ideas to navigate Hays back onto smoother roads.”

Contact details are available to account holders.
Create a free account to get in touch with this expert.