Teneo: Difference between revisions

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2018 - 2022: Gaby Sulzberger ESG Chair.
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'''Teneo''' is a public relations and advisory company.<ref name=":2">{{Cite web|last=Espinoza|first=Javier|title=Private equity group acquires politically-connected Teneo|url=https://www.ft.com/content/6ef2e618-8944-11e9-a028-86cea8523dc2|access-date=2021-01-01|website=www.ft.com}}</ref><ref>{{Cite news|last=Gryta|first=Chip Cutter, Sharon Terlep and Thomas|date=2021-07-02|title=The Rise and Fall of Teneo’s Declan Kelly|language=en-US|work=Wall Street Journal|url=https://www.wsj.com/articles/the-rise-and-fall-of-teneos-declan-kelly-11625244121|access-date=2021-08-05|issn=0099-9660}}</ref><ref>{{Cite news|date=2021-06-29|title=Teneo PR firm boss quits over drunken misconduct claims|language=en-GB|work=BBC News|url=https://www.bbc.com/news/business-57656807|access-date=2021-08-05}}</ref> The company was founded in June 2011 by [[Declan Kelly (businessperson)|Declan Kelly]], Paul Keary, and [[Doug Band]],<ref name="irishcentralformerlaunch"/> and currently has more than 1,350 employees located in 38 offices around the world.<ref name="ref2">{{Cite web|url=https://www.wsj.com/articles/teneo-agrees-to-sell-majority-stake-to-private-equity-firm-11559921771|title=Teneo Agrees to Sell Majority Stake to Private-Equity Firm|first=Cara|last=Lombardo|date=June 7, 2019|via=www.wsj.com}}</ref><ref name=2018PRWeek>{{Citation |year=2018 |title= Goodbye, Blue Rubicon|publisher=[[PR Week]] |url=https://www.prweek.com/article/1519084/goodbye-blue-rubicon-teneo-removes-sub-branding-across-global-business}}</ref><ref>{{Cite web|date=2022-01-18|title=JAY GOFFMAN, THE CLIENT CHAIRMAN OF THE FINANCIAL ADVISORY BUSINESS, TENEO APPOINTS - List23|url=https://list23.com/580415-jay-goffman-the-client-chairman-of-the-financial-advisory-business-teneo-appoints/|access-date=2022-01-25|website=List23: Latest U.S. & World News|language=en}}</ref><ref>{{Cite web|last=Lerner|first=Steven|title=KPMG Offloads Cayman And BVI Restructuring Unit To Teneo - Law360|url=https://www.law360.com/pulse/articles/1452553/kpmg-offloads-cayman-and-bvi-restructuring-unit-to-teneo|access-date=2022-01-25|website=www.law360.com|language=en}}</ref> In 2019, Teneo sold a majority stake to&nbsp;[[CVC Capital Partners]], at a total valuation of around $700 million.<ref name=":2" /> Today the company is led by Chairwoman Ursula Burns and CEO Paul Keary.
 
Teneo has been the subject of controversy primarily over its extensive ties to the [[Clinton family]] and the leveraging of those ties for its business purposes. Founder Declan Kelly was a close associate and Economic Envoy to Ireland under Secretary of State Hillary Clinton, and the firm has employed personnel connected to the family, including [[Huma Abedin]] while she was still working at the Department of State.<ref name="POLITICO20"/><ref>{{Cite journal|date=2009-09-14|title=US envoy's role 'only economic'|url=https://www.rte.ie/news/business/2009/0914/121775-ni/|language=en}}</ref> Ursula Burns, former [[Xerox]] CEO, was appointed chairwoman in July 2021, following Kelly's resignation in the wake of revelations of inappropriate behavior at a charity event.<ref>{{Cite web|author=Jordan Valinsky|title=Ursula Burns hired to lead embattled consulting firm Teneo|url=https://www.cnn.com/2021/07/06/business/ursula-burns-teneo-chairwoman/index.html|access-date=2022-01-21|website=CNN}}</ref><ref>{{cite news |last1=Cutter |first1=Chip |title=Teneo Names Former Xerox CEO Ursula Burns as Next Board Chair |url=https://www.wsj.com/articles/teneo-names-former-xerox-ceo-ursula-burns-as-next-board-chair-11625570101 |access-date=21 January 2022 |work=Wall Street Journal |date=6 July 2021}}</ref>
 
== History ==