The Caldwell Partners Appoints Wallace as CEO

    TORONTO, Sept. 12 /CNW/ - The Caldwell Partners International Inc. (TSX:
CWL.A), Canada's first and only truly national human capital services firm,
today announced the appointment of John N. Wallace as Chief Executive Officer.
Mr. Wallace succeeds the company's founder, C. Douglas Caldwell, in that role.
Mr. Caldwell will continue as the Chairman of the Board of The Caldwell
    "John Wallace joined The Caldwell Partners in February this year as
President and Chief Operating Officer and has proven to be a valuable addition
to, and leader of our team, which comprises many of the top people in the
Canadian executive search field," said Mr. Caldwell, announcing the
appointment. "We were very pleased earlier this year to have been able to
recruit John, given the impressive track record of leadership and success in
our industry that he has demonstrated."
    "Doug Caldwell was a pioneer when nearly four decades ago, in 1970, he
founded The Caldwell Partners as Canada's first retained executive search
firm," said Mr. Wallace. "He clearly established The Caldwell Partners as the
foremost and most respected brand in our industry.
    "I look forward to helping the partners and everyone in our organization
build on that legacy to insure that The Caldwell Partners remain a leader in
our field. I appreciate that Doug will continue to provide guidance as our
Chairman and principal shareholder, and that he will continue to play an
active and advisory role within the company," Mr. Wallace said.
    Prior to joining The Caldwell Partners, Mr. Wallace was President and
Chief Executive Officer of Highland Partners, the executive search division of
Hudson Highland Group, Inc., the world's largest combined executive search,
specialty staffing, and related consulting services firm. Like The Caldwell
Partners, Highland Partners focused, in particular, on recruiting for "C"
level positions (including CEO, CFO, COO, CIO) and Board of Directors
positions. His achievements included nearly doubling average search fees as
well as the annual billings per partner. Mr. Wallace left Highland Partners
following its acquisition.
    Mr. Wallace began his career in the executive search industry when in
1996 he joined Illsley Bourbonnais as President and Managing Partner. During
his four years there, he nearly tripled its annual revenues prior to its
acquisition by TMP Worldwide Inc. Mr. Wallace remained with TMP Worldwide as
Chief Operating Officer, N.A. Executive Search. Before entering the executive
search business, Mr. Wallace held senior marketing management positions in the
telecommunications industry, including as Vice-President, Marketing and
Planning for Nortel Communications Systems and Vice-President, Marketing and
Information Services for Telecommunications Terminal Systems, as well as
various roles at Bell Canada. Mr. Wallace holds a B.S. (Honours) from the
University of Waterloo.

    About The Caldwell Partners

    The Caldwell Partners International Inc., founded in 1970, was Canada's
first executive search firm. Today the human capital services company serves
clients across Canada and internationally. The Caldwell Partners focuses, in
particular, on recruiting "C-class" executives (chief executive, chief
financial, chief information officers, as well as other senior executives).
The Caldwell Partners takes pride in delivering unmatched depth of service and
expertise to its clients, the calibre and experience of its staff, and the
successful completion of its engagements. The Caldwell Partners founded and
continues to promote the prestigious national awards programs recognizing
Canada's Outstanding CEO of the Year(TM) and Canada's Top 40 Under 40(TM), and
advises and supports the Canada's CFO of the Year Award(TM) program. In 2007,
the Canada's Outstanding CEO of the Year(TM) and Canada's Top 40 Under 40(TM)
programs marked their respective 19th and 14th anniversaries.
    The Caldwell Partners' Class-A non-voting shares are listed on The
Toronto Stock Exchange (TSX: CWL.A). Please visit our website at for further information.

    Forward-Looking Statements

    Forward-looking statements in this document are based on current
expectations that are subject to significant risks and uncertainties. Actual
results might differ materially due to various factors such as the competitive
nature of the executive search industry, the ability of the company to execute
its growth strategies, the performance of the Canadian domestic and
international economies, and the company's ability to retain key personnel.
The Caldwell Partners assumes no obligation to update the forward-looking
statements, or to update the reasons why actual results could differ from
those reflected in the forward-looking statements.

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For further information:

For further information: Richard W. Wertheim, Wertheim + Company Inc.,, (416) 594-1600, (416) 518-8479 (cell)

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