Magnit Announces New CEO and Appointments to its Board of Directors

Magnit appoints Chandra Dhandapani as CEO, John Driscoll as Board Chair and Rebecca Henderson to its Board of Directors

Magnit Announces New CEO and Appointments to its Board of Directors

Isabella Shaw, Account Supervisor
PAN Communications
Magnit@pancomm.com

Magnit™, a global leader and pioneer in contingent workforce management, announced the appointment of Chandra Dhandapani as Chief Executive Officer. Dhandapani succeeds Teresa Carroll who is stepping down as CEO as part of a planned transition.

Dhandapani previously served as CEO of Global Workplace Solutions (GWS) at CBRE, a leading global commercial real estate services and investment firm, where she led delivery of services to clients across a wide range of sectors including technology, healthcare, and financial services. Before leading GWS, Dhandapani was CBRE’s first Chief Digital and Technology officer and served as Chief Transformation Officer. Prior to joining CBRE, Dhandapani held various leadership roles at Capital One.

"I am deeply honored to lead Magnit into its next chapter of transformation and growth. The contingent workforce management market benefits from long-term secular trends, and Magnit is uniquely positioned to capitalize on this opportunity at a global scale through its client-centric approach, proven expertise, innovative technology platform and data intelligence,” said Chandra Dhandapani. “I look forward to working with our global team and delivering exceptional value to our clients and supplier partners."

“I have been privileged to work alongside such a talented and dedicated team and am proud of what we have accomplished together,” said Teresa Carroll. “I am committed to supporting Magnit as an advisor through this transition period and am confident that Chandra will take the company to new heights.”

“On behalf of the Board, we are thrilled to welcome Chandra as our new CEO. Her exceptional leadership and drive, expertise in digital transformation, and track record of delivering for clients make her an ideal choice for this role,” commented John Driscoll, who was newly appointed as Chairperson of Magnit’s Board of Directors. “I would like to thank Teresa for her service, and I am excited to work with our Board, EQT Partners and Harvest Partners as we shape the next chapter in contingent workforce management for our clients, employees and suppliers.”

Driscoll most recently served as President of U.S. Healthcare and Executive Vice President at Walgreens Boots Alliance, and before that as CEO of CareCentrix, a tech-enabled healthcare company. He is a longtime Senior Advisor to EQT Partners. He also chairs the Board of Waystar, a publicly-traded healthcare technology company.

In addition to the appointments of Dhandapani and Driscoll, Rebecca Henderson has joined Magnit's Board of Directors. Henderson joins the board following a distinguished career in the human capital management sector, previously serving as CEO of Global Businesses at Randstad, responsible for the group’s global business portfolio, including Randstad Sourceright, Monster and RiseSmart, and prior to that serving as CEO of Randstad Sourceright.

About Magnit

Magnit™ is a global leader and pioneer in contingent workforce management. With more than 30 years of radical innovation in our DNA, Magnit combined cutting edge technology, dedicated services expertise, and a vast data ocean all in one unified outcome-driven platform. Magnit drives effective talent-forward strategies, empowering organizations to accelerate time to hire, optimize contingent workforce spend, ensure compliance, and scale access to quality talent across contingent workers, independent contractors and gig workers. magnitglobal.com

“Magnit'' is a trademark or registered trademark of Magnit, LLC. Any trade, product, or service name referenced in this document using the name “Magnit'' is a trademark and/or property of Magnit, LLC.