Our insights and reflections on 2022...
2022 was a year of two very distinct halves.
The first half saw increased activity, even on the record levels seen in the previous year, as investment levels in the European Technology sector were up 52% on 2021 (Source: Atomico State of European Tech Report, 2022). Companies were still hiring executive talent, driven by fresh investment and the post-covid catch up. However, the market peaked in June and has been in slowdown since then, driven by market sentiment, macroeconomic headwinds and the
commensurate fall in investment levels.
Investment in European Technology companies should still top $85bn in 2022, albeit that’s a decline of 18% on 2021. European technology companies in the public and private markets have also seen $400bn of value erased from 2021. As a consequence hiring activity has slowed in the second half of 2022, and the outlook for next year is cautious.
At Renaissance we have completed over 80 executive hires this year and have taken this opportunity to sharpen the focus of the business along clear sector and functional lines of service:
- Malcolm Kemp heads up the People and Culture Practice, hiring Chief People Officers, HRDs and Talent Leadership for clients and investors.
- Sebastian Kayll and John Smith head up the Go-To-Market Practice, providing CROs and Sales Leadership for growth companies in Enterprise Technology, both in the US and across Europe.
- Graeme Bilsland leads the Technology and Product Practice, hiring CTOs, CPOs and Engineering Leads.
- Holly Welstead leads the Consumer Digital Practice, providing executives across the consumer digital and eCommerce sectors.
Our Practices are supported by experienced in-house research teams in Menlo Park and Marlow.
Once again we would like to thank our clients, investors and candidates for their support during 2022 and we look forward to the New Year.
Tony Willis, Founder and Chairman
People & Culture
Notable Placements
Malcolm Kemp
Managing Partner EMEA
Chief People Officer
CVP People
Chief Human Resources Officer
Head of Engineering, Product and Design Executive Search
Head of Go-To-Market Executive Search
Growth & Go-To-Market
Notable Placements
Sebastian Kayll
Managing Partner and Founder
John Smith
Senior Partner
SVP United States
VP EMEA
Chief Marketing Officer
SVP EMEA
Product & Technology
Notable Placements
Graeme Bilsland
Partner
Chief Product Officer
Chief Technology Officer
SVP Engineering
VP Engineering x 2
Director of Engineering, Developer Experience
Consumer Digital
Notable Placements
Holly Welstead
Associate Partner
VP Partnerships
Group Chief Innovation Officer
VP Revenue
Team Build -
Chief Product Officer, SVP Product, SVP Engineering, SVP People, SVP Revenue, SVP Customer Success