PMI’s Balestrero to retire The Project Management Institute, a $106M-revenue group based in Newtown Square, Pa., announced the retirement of president and CEO Gregory Balestrero, effective Jan. 15, 2011. Executive placement firm Korn/Ferry International will assist PMI’s search for Balestrero’s successor. Eugene Bounds, chair of PMI’s board of directors, said the group supports Balestrero’s decision to retire, but added, “replacing someone of his capacity is a challenge we want to make sure is approached diligently and with all possible consideration.” Since Balestrero joined the group in 2002, PMI grew from some 90,000 to nearly 318,000 members and the number of project… Read More