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{{refimprove|date=October 2014}}
{{Infobox company
{{Infobox company
| name = CDI Corporation
| name = CDI Corporation
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| traded_as = {{nyse|CDI}}
| traded_as = {{nyse|CDI}}
| foundation = 1950
| foundation = 1950
| key_people = Walter R. Garrison, Chairman of the Board;<br>Scott Freidheim, CEO
| key_people = Walter R. Garrison, Chairman of the Board;<br>Scott J. Freidheim, CEO
| location_city = [[Philadelphia, Pennsylvania]]
| location_city = [[Philadelphia, Pennsylvania]]
| location_country = United States
| location_country = United States
| industry = Engineering, Technology, Staffing
| industry = Engineering, Technology, Staffing
| revenue = {{nowrap|{{increase}} [[United States Dollar|$]] 1.088 billion <small>(FY 2013)</small><ref name="CDI-Corp-Mar-2014-10-K">{{cite web|url=http://quote.morningstar.com/stock-filing/Annual-Report/2013/12/31/t.aspx?t=XNYS:CDI&ft=10-K&d=f8236af0ce95a4f74ce81a45132f718f |title=CDI Corp, Form 10-K, Annual Report, Filing Date Mar 6, 2014 |publisher=secdatabase.com |accessdate =Oct 7, 2014}}</ref>
| revenue = {{nowrap|{{increase}} [[United States Dollar|$]] 1.123 billion <small>(FY 2014)</small><ref name="CDI-Corp-Mar-2015-10-K">{{cite web|url=http://quote.morningstar.com/stock-filing/Annual-Report/2014/12/31/t.aspx?t=XNYS:CDI&ft=10-K&d=236d804dbf10bda45a407c33d7259206 |title=CDI Corp, Form 10-K, Annual Report, Filing Date Mar 5, 2015 |publisher=morningstar.com |date=2015-03-15|accessdate = 2015-03-19}}</ref>
}}
}}
|operating_income={{increase}} [[United States Dollar|$]] 20.916 million <small>(FY 2013)</small><ref name="CDI-Corp-Mar-2014-10-K"/>
|operating_income={{decrease}} [[United States Dollar|$]] 19.617 million <small>(FY 2014)</small><ref name="CDI-Corp-Mar-2015-10-K"/>
|net_income={{increase}} [[United States Dollar|$]] 12.948 million <small>(FY 2013)</small><ref name="CDI-Corp-Mar-2014-10-K"/>
|net_income={{decrease}} [[United States Dollar|$]] 11.888 million <small>(FY 2014)</small><ref name="CDI-Corp-Mar-2015-10-K"/>
|assets={{increase}} [[United States Dollar|$]] 405.807 million <small>(FY 2013)</small><ref name="CDI-Corp-Mar-2014-10-K"/>
|assets={{decrease}} [[United States Dollar|$]] 388.237 million <small>(FY 2014)</small><ref name="CDI-Corp-Mar-2015-10-K"/>
|equity={{increase}} [[United States Dollar|$]] 285.174 million <small>(FY 2013)</small><ref name="CDI-Corp-Mar-2014-10-K"/>
|equity={{decrease}} [[United States Dollar|$]] 282.456 million <small>(FY 2014)</small><ref name="CDI-Corp-Mar-2015-10-K"/>
|num_employees = 900 <small>(December, 2013)</small><ref name="CDI-Corp-Mar-2014-10-K"/>
|num_employees = 800 <small>(December, 2014)</small><ref name="CDI-Corp-Mar-2015-10-K"/>
| homepage = {{URL|http://www.cdicorp.com/}}
| homepage = {{URL|http://www.cdicorp.com/}}
}}
}}


'''CDI Corporation''' is a multinational company providing engineering, information technology and staffing services to clients in a range of industries including energy, chemical, aerospace, defense, transportation and financial services. The company employs 900 staffers and approximately 9,000 billable employees,<ref name="CDI-Corp-Mar-2014-10-K"/> and is headquartered in Philadelphia.
'''CDI Corporation''' is a multinational company providing engineering, information technology and staffing services to clients in a range of industries including energy, chemical, aerospace, defense, transportation and financial services. The company employs 800 staffers and approximately 9,000 billable employees,<ref name="CDI-Corp-Mar-2015-10-K"/> and is headquartered in Philadelphia, PA.


==History==
==History==
[[Image:Bell atlantic tower.jpg|thumb|CDI Corps' Philadelphia headquarters at 1717 Arch Street, aka Three Logan Square (formerly The Bell Atlantic Tower).]]
[[Image:Bell atlantic tower.jpg|thumb|CDI Corps' Philadelphia headquarters at 1717 Arch Street, aka Three Logan Square (formerly The Bell Atlantic Tower).]]


CDI Corporation was founded in Philadelphia in 1950 as Comprehensive Designers, Inc. The company provided temporary technical services to manufacturing industries, including servicing the growing automotive and defense industries.<ref name="CDI Corporation History">{{cite web|url=http://www.fundinguniverse.com/company-histories/cdi-corporation-history/ |title=CDI Corporation History|publisher=fundinguniverse.com|accessdate=2013-11-27}}</ref> In 1956, Walter R. Garrison, an engineer with Boeing, joined the company as its Chief Engineer. In 1961, Garrison and two colleagues bought the company.
CDI Corporation was founded in Philadelphia in 1950 as Comprehensive Designers, Inc.<ref name="CDI Corporation History">{{cite web|url=http://www.fundinguniverse.com/company-histories/cdi-corporation-history/ |title=CDI Corporation History|publisher=fundinguniverse.com|accessdate=2013-11-27}}</ref> The company provided temporary technical services to manufacturing industries, including servicing the growing automotive and defense industries. In 1956, Walter R. Garrison, an engineer with Boeing, joined the company as its Chief Engineer. In 1961, Garrison and two colleagues bought the company, and Garrison became CEO.<ref name="CDI Corporation History"/>


In 1972, the company diversified into the field of job placement by buying Management Recruiters International, a firm that focused on providing permanent management talent for clients.<ref>{{cite web|url=https://mrinetwork.com/company/history/ |title=MRINetwork Recruiting Pioneers|publisher=mrinetwork.com|accessdate=2013-11-27}}</ref>
In 1972, the company diversified into the field of job placement by buying Management Recruiters International, a firm that focused on providing permanent management talent for clients.<ref>{{cite web|url=https://mrinetwork.com/company/history/ |title=MRINetwork Recruiting Pioneers|publisher=mrinetwork.com|accessdate=2013-11-27}}</ref>
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In 1973, Comprehensive Designers, Inc. changed their name to CDI Corporation.<ref name="CDI Corporation History"/>
In 1973, Comprehensive Designers, Inc. changed their name to CDI Corporation.<ref name="CDI Corporation History"/>


In 1982, the company began further diversification into temporary staffing services of clerical and unskilled workers, adding offices nationwide under the name Today's Staffing.
In 1991, the company began further diversification into temporary staffing services of clerical and unskilled workers by acquiring temporary placement agency Todays Staffing.<ref name=Todays>{{cite web|url=http://articles.philly.com/2007-09-21/business/25222684_1_spherion-plans-spherion-corp-roy-krause|title=CDI to sell office-temp Dallas unit Todays Staffing will go to Spherion Corp. for $40 million.|publisher=Philly.com|date=2007-09-21|accessdate=2015-03-19}}</ref>


By the end of 1994, the company reported over $1B in revenue in the three core areas of technical services, temporary services and Management Recruiters, with approximately 3,000 customers.<ref>{{cite web|url=http://investor.shareholder.com/CDI/secfiling.cfm?filingID=18396-95-4&CIK=18396 |title=10-K Annual Report|publisher=investor.shareholder.com|date=1995-03-02|accessdate=2013-11-27}}</ref>
By the end of 1994, the company reported over $1B in revenue in the three core areas of technical services, temporary services and Management Recruiters, with approximately 3,000 customers.<ref>{{cite web|url=http://investor.shareholder.com/CDI/secfiling.cfm?filingID=18396-95-4&CIK=18396 |title=10-K Annual Report|publisher=investor.shareholder.com|date=1995-03-02|accessdate=2013-11-27}}</ref>
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In March 1997, the company elected Mitch Wienick to the position of CEO and President, to replace the retiring Walter Garrison. Garrison remained on the company's board of directors.<ref>{{cite web|url=http://investor.shareholder.com/CDI/secfiling.cfm?filingID=18396-97-10&CIK=18396|title=Form 10-Q Quarterly Report|publisher=investor.shareholder.com|date=1997-08-08|accessdate=2013-11-27}}</ref> In 1999, CDI purchased executive headhunting firm Humana International, further expanding its mid-level management search and recruitment services through the addition of Humana's 136 franchised offices in Europe and Asia.<ref>{{cite web|url=http://www.bizjournals.com/philadelphia/stories/1999/04/12/daily2.html|title=CDI acquires Humana International|publisher=Philadelphia Business Journal|date=1999-04-04|accessdate=2013-11-27}}</ref>
In March 1997, the company elected Mitch Wienick to the position of CEO and President, to replace the retiring Walter Garrison. Garrison remained on the company's board of directors.<ref>{{cite web|url=http://investor.shareholder.com/CDI/secfiling.cfm?filingID=18396-97-10&CIK=18396|title=Form 10-Q Quarterly Report|publisher=investor.shareholder.com|date=1997-08-08|accessdate=2013-11-27}}</ref> In 1999, CDI purchased executive headhunting firm Humana International, further expanding its mid-level management search and recruitment services through the addition of Humana's 136 franchised offices in Europe and Asia.<ref>{{cite web|url=http://www.bizjournals.com/philadelphia/stories/1999/04/12/daily2.html|title=CDI acquires Humana International|publisher=Philadelphia Business Journal|date=1999-04-04|accessdate=2013-11-27}}</ref>


In 2001, Mitch Wienick announced his retirement and Roger H. Ballou was elected as CDI's new president and CEO.<ref name="CDI Corporation History"/>
⚫
In 2001, Mitch Wienick announced his retirement and Roger H. Ballou was elected as CDI's new president and CEO.<ref name="CDI Corporation History"/> In 2003, CDI announced the acquisition of AndersElite, a United Kingdom-based provider of building and construction professionals on a permanent and temporary basis. In July 2010, the company announced the acquisition of L. Robert Kimball & Associates, Inc. (L.R. Kimball), a 550-person professional services firm that provided architecture, civil and environmental engineering, communication technology and consulting services. The firm was integrated into what was then called CDI Engineering Solutions.<ref>{{cite web|url=http://www.pabusinesscentral.com/l-r-kimball-acquired-by-cdi-corp/|title=L.R. Kimball acquired by CDI Corp.|publisher=PABusinessCentral.com|date=2010-07-16|accessdate=2014-10-27}}</ref>


In 2003, CDI announced the acquisition of AndersElite, a United Kingdom-based provider of building and construction professionals on a permanent and temporary basis.
In 2011, Paulett Eberhart was announced as CDI's new President and CEO, replacing the retiring Roger Ballou.<ref>{{cite web|url=http://www.prnewswire.com/news-releases/paulett-eberhart-named-president-ceo-and-director-of-cdi-corp-roger-ballou-to-retire-company-updates-financial-guidance-for-fourth-quarter-2010-113228249.html|title=Paulett Eberhart Named President, CEO and Director of CDI Corp|publisher=PR Newswire|date=2011-01-10|accessdate=2013-11-27}}</ref>


In September 2007, the company announced the sale of Todays Staffing to [[SFN Group|Spherion]] for $40M.<ref name="Todays"/>
⚫
In August 2014, the company announced former Investcorp, Sears and Lehman Brothers executive Scott Freidheim as their new CEO, succeeding Paulett Eberhart.<ref>{{cite web|url=http://www.philly.com/philly/blogs/inq-phillydeals/CDI-taps-ex-Sears-Lehman-boss-as-new-CEO.html|title=CDI taps ex-Sears, Lehman boss as new CEO|publisher=Philly.com|date=2014-08-13|accessdate=2014-10-07}}</ref>

⚫
In July 2010, the company announced the acquisition of L. Robert Kimball & Associates, Inc. (L.R. Kimball), a 550-person professional services firm that provided architecture, civil and environmental engineering, communication technology and consulting services. The firm was integrated into what was then called CDI Engineering Solutions.<ref>{{cite web|url=http://www.pabusinesscentral.com/l-r-kimball-acquired-by-cdi-corp/|title=L.R. Kimball acquired by CDI Corp.|publisher=PABusinessCentral.com|date=2010-07-16|accessdate=2014-10-27}}</ref>

In 2011, Paulett Eberhart, a veteran of [[Electronic Data Systems]],<ref>{{cite web|url=
http://www.nytimes.com/2013/06/09/business/paulett-eberhart-of-cdi-on-gaining-the-bosss-attention.html?_r=0|title=Corner Office|publisher=NYTimes.com|date=2013-06-08|accessdate=2015-03-19}}</ref> was announced as CDI's new President and CEO, replacing the retiring Roger Ballou.<ref>{{cite web|url=http://articles.philly.com/2011-01-11/business/27021847_1_cdi-public-companies-boards|title=PhillyInc: Eberhart tapped as CDI Corp. chief|publisher=Philly.com|date=2011-01-10|accessdate=2015-03-19}}</ref>

⚫
In August 2014, the company announced former Investcorp, Sears and Lehman Brothers executive Scott J. Freidheim as their new CEO, succeeding Paulett Eberhart.<ref>{{cite web|url=http://www.philly.com/philly/blogs/inq-phillydeals/CDI-taps-ex-Sears-Lehman-boss-as-new-CEO.html|title=CDI taps ex-Sears, Lehman boss as new CEO|publisher=Philly.com|date=2014-08-13|accessdate=2014-10-07}}</ref>


==Divisions==
==Divisions==

Revision as of 00:15, 20 March 2015

CDI Corporation
Company typePublic
NYSE: CDI
IndustryEngineering, Technology, Staffing
Founded1950
Headquarters
Philadelphia, Pennsylvania
,
United States
Key people
Walter R. Garrison, Chairman of the Board;
Scott J. Freidheim, CEO
RevenueIncrease $ 1.123 billion (FY 2014)[1]
Decrease $ 19.617 million (FY 2014)[1]
Decrease $ 11.888 million (FY 2014)[1]
Total assetsDecrease $ 388.237 million (FY 2014)[1]
Total equityDecrease $ 282.456 million (FY 2014)[1]
Number of employees
800 (December, 2014)[1]
Websitewww.cdicorp.com

CDI Corporation is a multinational company providing engineering, information technology and staffing services to clients in a range of industries including energy, chemical, aerospace, defense, transportation and financial services. The company employs 800 staffers and approximately 9,000 billable employees,[1] and is headquartered in Philadelphia, PA.

History

CDI Corps' Philadelphia headquarters at 1717 Arch Street, aka Three Logan Square (formerly The Bell Atlantic Tower).

CDI Corporation was founded in Philadelphia in 1950 as Comprehensive Designers, Inc.[2] The company provided temporary technical services to manufacturing industries, including servicing the growing automotive and defense industries. In 1956, Walter R. Garrison, an engineer with Boeing, joined the company as its Chief Engineer. In 1961, Garrison and two colleagues bought the company, and Garrison became CEO.[2]

In 1972, the company diversified into the field of job placement by buying Management Recruiters International, a firm that focused on providing permanent management talent for clients.[3]

In 1973, Comprehensive Designers, Inc. changed their name to CDI Corporation.[2]

In 1991, the company began further diversification into temporary staffing services of clerical and unskilled workers by acquiring temporary placement agency Todays Staffing.[4]

By the end of 1994, the company reported over $1B in revenue in the three core areas of technical services, temporary services and Management Recruiters, with approximately 3,000 customers.[5]

In March 1997, the company elected Mitch Wienick to the position of CEO and President, to replace the retiring Walter Garrison. Garrison remained on the company's board of directors.[6] In 1999, CDI purchased executive headhunting firm Humana International, further expanding its mid-level management search and recruitment services through the addition of Humana's 136 franchised offices in Europe and Asia.[7]

In 2001, Mitch Wienick announced his retirement and Roger H. Ballou was elected as CDI's new president and CEO.[2]

In 2003, CDI announced the acquisition of AndersElite, a United Kingdom-based provider of building and construction professionals on a permanent and temporary basis.

In September 2007, the company announced the sale of Todays Staffing to Spherion for $40M.[4]

In July 2010, the company announced the acquisition of L. Robert Kimball & Associates, Inc. (L.R. Kimball), a 550-person professional services firm that provided architecture, civil and environmental engineering, communication technology and consulting services. The firm was integrated into what was then called CDI Engineering Solutions.[8]

In 2011, Paulett Eberhart, a veteran of Electronic Data Systems,[9] was announced as CDI's new President and CEO, replacing the retiring Roger Ballou.[10]

In August 2014, the company announced former Investcorp, Sears and Lehman Brothers executive Scott J. Freidheim as their new CEO, succeeding Paulett Eberhart.[11]

Divisions

CDI Corporation operates with three business units: Global Engineering and Technology Services (GETS), Professional Staffing Services (PSS)[12] and Management Recruiters International (MRI).[13]

Awards and recognition

CDI was named #25 on ENR.com's list of the top 500 Engineering design firms.[14] CDI was selected as the 2013 Outsourcer of the Year by HDI, a professional association and certification body for technical service and support professionals. CDI was honored for "its commitment to excellence, efficiency and service quality."[15] CDI's Virginia security team was honored by the Department of Defense with the James S. Cogswell award for providing Outstanding Industrial Security.[16]

References

  1. ^ a b c d e f g "CDI Corp, Form 10-K, Annual Report, Filing Date Mar 5, 2015". morningstar.com. 2015-03-15. Retrieved 2015-03-19.
  2. ^ a b c d "CDI Corporation History". fundinguniverse.com. Retrieved 2013-11-27.
  3. ^ "MRINetwork Recruiting Pioneers". mrinetwork.com. Retrieved 2013-11-27.
  4. ^ a b "CDI to sell office-temp Dallas unit Todays Staffing will go to Spherion Corp. for $40 million". Philly.com. 2007-09-21. Retrieved 2015-03-19.
  5. ^ "10-K Annual Report". investor.shareholder.com. 1995-03-02. Retrieved 2013-11-27.
  6. ^ "Form 10-Q Quarterly Report". investor.shareholder.com. 1997-08-08. Retrieved 2013-11-27.
  7. ^ "CDI acquires Humana International". Philadelphia Business Journal. 1999-04-04. Retrieved 2013-11-27.
  8. ^ "L.R. Kimball acquired by CDI Corp". PABusinessCentral.com. 2010-07-16. Retrieved 2014-10-27.
  9. ^ "Corner Office". NYTimes.com. 2013-06-08. Retrieved 2015-03-19.
  10. ^ "PhillyInc: Eberhart tapped as CDI Corp. chief". Philly.com. 2011-01-10. Retrieved 2015-03-19.
  11. ^ "CDI taps ex-Sears, Lehman boss as new CEO". Philly.com. 2014-08-13. Retrieved 2014-10-07.
  12. ^ "Spencer Group appoints CDI AndersElite as recruitment partner". Recruitment International UK. 2014-04-24. Retrieved 2014-10-09.
  13. ^ "CDI Corporation 2013 Annual Report" (PDF). CDICorp.com. 2014-04-06. Retrieved 2014-10-09.
  14. ^ "The Top 500 Design Firms". ENR.com. 2014-04-14. Retrieved 2014-10-07.
  15. ^ "HDI Team Excellence Award". HDI. Retrieved 2013-11-27.
  16. ^ "CDI Corp.'s Security Team in Portsmouth, Virginia Honored By Department of Defense for Outstanding Industrial Security". PR Newswire. 2013-06-27. Retrieved 2013-11-27.
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