TORONTO, Jan. 15, 2013 /PRNewswire/ - Retained executive search firm The Caldwell Partners International Inc. (TSX: CWL) today announced that Karen Richards, the company's chief financial officer, has decided to retire. Ms. Richards joined Caldwell Partners in 1992.

"Throughout her 20 years of service to Caldwell Partners, Karen has been a key part of the company's growth and success," said John N. Wallace, chief executive officer. "A 20-year tenure is not something you come across all that often in this day and age - it demonstrates a rare level of integrity, loyalty, commitment and tenacity. We thank her for her many contributions to the firm and wish her the very best."

The formal search for a new chief financial officer will begin immediately. Ms. Richards will remain at Caldwell Partners until mid to late February as part of a coordinated plan to ensure a seamless transition.

Until the search for a new CFO is complete, Caldwell Partners veteran Michael Falagario will manage the finance department to provide continuity of financial strategy. Mr. Falagario is the current director of finance, systems & planning and has a 14-year history with the firm.

About Caldwell Partners
Caldwell Partners is one of North America's premier providers of executive search and has been for more than 40 years. As one of the region's most trusted advisors in executive search, the firm has a sterling reputation built on successful searches for boards, chief and senior executives, and selected functional experts. With offices and partners across North America, and a strategic presence in London and Hong Kong, the firm takes pride in delivering an unmatched level of service and expertise to its clients.

The Caldwell Partners' Common shares are listed on The Toronto Stock Exchange (TSX: CWL). Please visit our website at www.caldwellpartners.com for further information.

SOURCE The Caldwell Partners International Inc.