Resources Connection, Inc. Announces Appointment of Bhadresh Patel as Chief Operating Officer

$RGP
Business Services
Consumer Discretionary
Get the next $RGP alert in real time by email

Resources Connection, Inc. (NASDAQ:RGP) ("RGP"), a global consulting firm, today announced the appointment of Bhadresh Patel as Chief Operating Officer ("COO"), effective as of April 7, 2024.

Mr. Patel joined RGP in July 2019 as part of the company's acquisition of digital transformation firm Veracity Consulting Group, LLC ("Veracity"). He has served as Chief Executive Officer of Veracity since its founding in 2015 and has been driving the strategy, growth, delivery, and operations of the business since it became a wholly owned subsidiary of RGP. Mr. Patel has also served as RGP's Chief Digital Officer since September 2021, responsible for technology, infrastructure, and digital modernization of the firm. Prior to co-founding Veracity, Mr. Patel served as Senior Vice President at ICF, a global consulting and technology services company.

In his role as COO, Mr. Patel will oversee the company's diverse, global business operations and go-to-market strategies. He will also be instrumental in driving the successful execution of RGP's strategic vision, including the further development of its core consulting capabilities, the continued growth of its on-demand talent business, and the delivery of these services with blended teams that differentiate RGP from the competition. In addition to ensuring operational excellence across the company, Mr. Patel will continue to lead the company's digital and technology initiatives.

"Bhadresh is a successful entrepreneur who is perfectly positioned for the COO role as we continue to evolve our business," said Kate Duchene, CEO of RGP. "He has proven to be a critical member of our executive leadership team in his role as Chief Digital Officer, leading our own transformation initiatives and routinely bringing innovative solutions to improve execution and support sustainable growth. He knows our enterprise well and understands the effective coordination that is required across people, process and technology in any transformation initiative."

"I've had the privilege of helping some of the world's most beloved brands achieve successful transformation, and I'm excited to take on this new role to help lead the evolution of RGP's business," said Mr. Patel. "We've made great progress in our digital transformation journey, and I look forward to continuing to optimize and scale for growth."

RGP expects to announce new leadership of the Veracity business in the coming weeks. Veracity Chief Operating Officer Jon Bohlman will lead during this interim period.

ABOUT RGP

Named among Forbes' America's Best Management Consulting Firms for 2024, RGP is a global consulting firm focused on project execution services that power clients' operational needs and change initiatives utilizing on-demand, expert and diverse talent. As a next-generation human capital partner for our clients, we specialize in co-delivery of enterprise initiatives typically precipitated by business transformation, strategic transactions or regulatory change. Our engagements are designed to leverage human connection and collaboration to deliver practical solutions and more impactful results that power our clients', consultants' and partners' success.

We attract top-caliber professionals with in-demand skill sets who seek a workplace environment characterized by choice and control, collaboration and human connection. The trends in today's marketplace favor flexibility and agility as businesses confront transformation pressures and skilled labor shortages even in the face of macroeconomic contraction. Our client engagement and talent delivery model offers speed and agility, strongly positioning us to help our clients transform their businesses and workplaces, especially at a time where cost reduction initiatives drive an enhanced reliance on a flexible workforce to execute transformational projects.

We have approximately 3,600 professionals collectively engaged with over 1,800 clients around the world from 38 physical practice offices and multiple virtual offices. Headquartered in Irvine, California, RGP is proud to have served 88% of the Fortune 100.

RGP is listed on the Nasdaq Global Select Market, the exchange's highest tier by listing standards. To learn more about RGP, visit: http://www.rgp.com. (RGP-F)

Get the next $RGP alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$RGP

DatePrice TargetRatingAnalyst
11/15/2022$49.00 → $58.00Underperform → Neutral
BofA Securities
More analyst ratings

$RGP
Press Releases

Fastest customizable press release news feed in the world

See more
  • Resources Connection Reports Financial Results for Third Quarter Fiscal 2025

    Resources Connection, Inc. (Nasdaq: RGP) (the "Company"), a professional services firm, today announced its financial results for its third quarter of fiscal 2025 ended February 22, 2025. Third Quarter Fiscal 2025 Highlights Compared to Prior Year Quarter: Revenue of $129.4 million compared to $151.3 million, a decline of 14.5% Same-day constant currency revenue, a non-GAAP measure, declined by 11.2% Gross margin of 35.1% compared to 37.0% Selling, general and administrative expenses ("SG&A") of $51.2 million compared to $49.6 million Net loss of $44.1 million, including a non-cash goodwill impairment charge of $42.0 million, compared to net income of $2.6 million Diluted (loss

    $RGP
    Business Services
    Consumer Discretionary
  • Resources Connection to Announce Fiscal 2025 Third Quarter Results on April 2, 2025

    Resources Connection, Inc. (Nasdaq: RGP) (the "Company," "we," "us" and "our"), a professional services firm, will announce results of operations for its third quarter of fiscal 2025 ended February 22, 2025, after the close of market on April 2, 2025. This release will be followed by a conference call at 5:00 p.m. ET, April 2, 2025. A live webcast of the call will be available on the "Investor Relations" Events section of the Company's website. To access the call by phone, please go to this link (registration link), and you will be provided with dial in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A

    $RGP
    Business Services
    Consumer Discretionary
  • RGP Transformation Barometer Illustrates the Top Impacts on Workforce Investment

    Poll shows where U.S. financial decision-makers expect to prioritize new and existing capital amid shifting workforce landscape RGP® (NASDAQ:RGP), a global professional services firm, today released new research around the top factors shaping workforce strategy decisions for U.S. companies, including interest rate cuts, widening skills gaps, and AI investments. Business leaders remain committed to increasing workforce investment in 2025, according to the poll of 201 U.S. full-time professionals who influence finance decision-making within their companies. The RGP Transformation Barometer shows that 91% of respondents reported that their organization is planning to increase its overall i

    $RGP
    Business Services
    Consumer Discretionary

$RGP
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$RGP
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

See more

$RGP
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$RGP
SEC Filings

See more

$RGP
Leadership Updates

Live Leadership Updates

See more
  • Asbury Automotive Group Elects New Director to Its Board

    Shamla Naidoo's Extensive Background in Technology, Data, and Privacy Provides Asbury Automotive Group with Additional Cyber Security Insight Asbury Automotive Group, Inc. (NYSE:ABG) ("Asbury" or the "Company"), one of the largest automotive retail and service companies in the U.S., announced today the appointment of Shamla Naidoo to its Board of Directors effective January 1, 2025. The Board has appointed Ms. Naidoo to the Audit Committee and the Compensation & Human Resources Committee. Ms. Naidoo's election brings the total number of directors to ten, nine of whom are independent, including Ms. Naidoo. "We are thrilled to welcome Shamla to the Board. She is a tremendous addition and

    $ABG
    $IBM
    $RGP
    $WT
    Retail-Auto Dealers and Gas Stations
    Consumer Discretionary
    Computer Manufacturing
    Technology
  • Resources Connection, Inc.'s Donald B. Murray Resigns as Chairman of the Board

    A. Robert Pisano Appointed as Interim Chairman David White Appointed as Lead Independent Director Resources Connection, Inc. (NASDAQ:RGP) (the "Company" or "RGP"), a global consulting firm, today announced that Donald B. Murray has resigned as Chairman and a director of the Board of Directors (the "Board") of the Company, effective July 26, 2024. Mr. Murray founded the Company in 1996, as a venture-backed operating entity within a Big Four accounting firm. He led a management buyout of the Company in 1999, with the private equity firm, Evercore Partners, before leading the Company's IPO in 2000. During his approximately 28-year tenure with the Company, Mr. Murray served in many critical

    $RGP
    Business Services
    Consumer Discretionary
  • KKR, CrowdStrike Holdings and GoDaddy Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

    NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S

    $ADTN
    $ALTR
    $ATNI
    $BMRN
    Telecommunications Equipment
    Utilities
    Computer Software: Prepackaged Software
    Technology

$RGP
Financials

Live finance-specific insights

See more
  • Resources Connection Reports Financial Results for Third Quarter Fiscal 2025

    Resources Connection, Inc. (Nasdaq: RGP) (the "Company"), a professional services firm, today announced its financial results for its third quarter of fiscal 2025 ended February 22, 2025. Third Quarter Fiscal 2025 Highlights Compared to Prior Year Quarter: Revenue of $129.4 million compared to $151.3 million, a decline of 14.5% Same-day constant currency revenue, a non-GAAP measure, declined by 11.2% Gross margin of 35.1% compared to 37.0% Selling, general and administrative expenses ("SG&A") of $51.2 million compared to $49.6 million Net loss of $44.1 million, including a non-cash goodwill impairment charge of $42.0 million, compared to net income of $2.6 million Diluted (loss

    $RGP
    Business Services
    Consumer Discretionary
  • Resources Connection to Announce Fiscal 2025 Third Quarter Results on April 2, 2025

    Resources Connection, Inc. (Nasdaq: RGP) (the "Company," "we," "us" and "our"), a professional services firm, will announce results of operations for its third quarter of fiscal 2025 ended February 22, 2025, after the close of market on April 2, 2025. This release will be followed by a conference call at 5:00 p.m. ET, April 2, 2025. A live webcast of the call will be available on the "Investor Relations" Events section of the Company's website. To access the call by phone, please go to this link (registration link), and you will be provided with dial in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A

    $RGP
    Business Services
    Consumer Discretionary
  • Resources Connection, Inc. Announces Quarterly Dividend and Dividend Payment Date

    Resources Connection, Inc. (Nasdaq: RGP) (the "Company") announced today that the Board of Directors has approved a cash dividend of $0.14 per share, payable on March 14, 2025 to all stockholders of record on February 14, 2025. ABOUT RGP RGP is a professional services firm that powers the operational needs and change initiatives of its client base utilizing a combination of three distinct engagement brands: On-Demand by RGPTM: Our on-demand talent solutions, providing businesses with a go-to source for bringing in experts when they need them; Veracity by RGPTM: Our consulting arm, driving transformation across people, processes & technology; and Countsy by RGPTM: Our outsourced

    $RGP
    Business Services
    Consumer Discretionary

$RGP
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more