The Language Industry’s Biggest Hires in 2017
Who got hired, who stepped down, who moved over to the next challenge and why? Here's a roundup of senior appointments and career moves of top executives in the language services industry in 2017.
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Reinhard Ottway
RWS Appoints New CFO as Shares Hover Near Record High
RWS hires Desmond Glass as its new Chief Financial Officer (CFO) to succeed Richard Thompson who was promoted to CEO in April 2017. Market capitalization nears USD 1.25 billion.
RWS CEO Steps Down as Market Cap Nears USD 1 Billion
RWS recruits from within and appoints current CFO Richard Thompson to take reins from Reinhard Ottway, who will step down end of March 2017. RWS shares continue to climb, pushing market cap to within striking distance of USD 1bn mark.
Will RWS Become the First Independent Billion-dollar LSP?
Generating a profit of nearly USD 40m on revenues of barely USD 150m, RWS needs its shares to climb just 20% to crack the billion-dollar mark. The compay has posted uninterrupted growth since 2003 and CEO says having in-house translators is part of the recipe for success.
RWS’ Life Sciences Bet Starts to Pay Off as CTi Boosts Half-year Results
RWS continues to clock revenue, profit growth as strong linguistic validation business at acquired CTi supports results. Headwinds include impending launch of unitary patent in Europe and stagnant growth in commercial translations.
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