Korn Ferry will assist Mizzou in search for new athletic director

Missouri chancellor Dr. R. Bowen Loftin’s nationwide search for Mike Alden’s successor as athletic director is still in its infancy.

Loftin will have some help in the process from Korn Ferry, an international search firm that assisted in the hiring of head football coaches at Michigan and Florida as well as the NFL’s Falcons.

Korn Ferry also is leading the search for Mike Slive’s replacement as SEC Commissioner and worked with Major League Baseball in the search for its new commissioner.

Missouri has agreed to pay Korn Ferry an initial retainer of $75,000. The final fee be “equal to one-third of the total first year’s estimated compensation for each position we are seeking to fill,” according to a contract released Friday by MU.

Korn Ferry’s fee is capped at $200,000 plus out-of-pocket and travel expenses.

This story was originally published February 14, 2015 at 7:21 AM with the headline "Korn Ferry will assist Mizzou in search for new athletic director."