Company History
In 1943 Edward N. Hay and Associates, Management Consultants, was established as a sole proprietorship in space rented from First Pennsylvania Bank. Its first major compensation project was with General Foods. Edward N. Hay purchased Personnel Journal, which provided a platform for his views on work, people, and the workplace. Hay incorporated as E. N. Hay and Associates, Inc in 1946. In 1958, Edward N. Hay died at age 67 and E. N. Hay Associates became a partnership with co-managing partners (Milton Rock and Dale Purves). In 1966 Dale Purves died, and Milton Rock became Managing Partner.
In 1984 Saatchi & Saatchi Company, PLC, acquired the Hay Group, and Milton Rock was named Chairman of Saatchi Consulting. Hay Group combined with Saatchi-owned McBer & Company, a human resources planning and redevelopment firm. In 1985 Milton Rock retired, and Charles Fiero became CEO of the Hay Group. Robert Rock succeeded Fiero as CEO in 1986, and Chris Matthews was appointed as CEO in 1987. In January 2013, Stephen D Kaye, the Chief Financial Officer of Hay Group was named to be the Chief Executive Officer of the Company.
In 1990 internal Hay Group management bought the Hay Group.
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