Caldwell Partners International Inc. announced that Karen Richards, the company's chief financial officer, has decided to retire. Ms. Richards joined Caldwell Partners in 1992. 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.