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Board committee approves hiring executive search firm to recruit chief financial officer

5094893 · June 27, 2025
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Summary

The committee authorized engagement with Cowen Partners for an executive search for a chief financial officer at a fee equal to 25% of the expected first-year base salary; committee approved the recommendation and moved it to the full board for action.

The Allentown School District finance committee voted to move forward with hiring Cowen Partners to conduct an executive search for a chief financial officer.

Mister Sang presented the recommendation: the firm's fee is 25% of the expected first-year base salary (a discount from a higher standard rate was noted in the presentation). The committee discussed the benefit of an external search to widen the candidate pool, expedite the search and provide a one-year guarantee.

A motion to engage Cowen Partners (fee of 25% of first-year base salary) was made, seconded and carried by voice vote. The item will return to the regular board meeting for final approval and contract execution.