RHK Changes CEOs
RHK Inc. has changed CEOs for at least the third time in three years in an ongoing effort to cast itself more strongly as a management consultancy, sources close to the company say.
Sources say that RHK president and CEO Marc Litvinoff has resigned, and Dr. John Soden, group head of RHK's advisory services, has taken the top job. Litvinoff joined RHK in 2001 from market researcher Knowledge Networks. Prior to that gig, he was a senior VP of Gartner Inc.'s technology provider group. Litvinoff succeeded Linda Seale, who was listed as CEO of RHK in the company's July 2000 funding announcement.
The company may have also cut some fat from its management ranks, but Light Reading has not yet confirmed which RHK managers were involved, and the company hasn't returned calls and emails to its press officer and several members of its senior management staff.
Soden, a former partner at McKinsey & Co., appears to have a background that well reflects the new face of RHK. For several months now, the company has been recasting itself as a high-end advisory firm, a move away from its past as a market research house (see RHK: No Numbers for You!).
RHK now calls itself the "premier research and advisory services firm assisting the world's leading telecommunications companies" in its press releases and other corporate material. The company's clients include top telecom vendors such as Lucent Technologies Inc. (NYSE: LU), Nortel Networks Corp. (NYSE/Toronto: NT), Alcatel SA (NYSE: ALA; Paris: CGEP:PA), and Cisco Systems Inc. (Nasdaq: CSCO). It charges anywhere from $1,200 to $9,000 for its research reports, according to its Website.
— Phil Harvey, Senior Editor, Light Reading