Richard Faulkner

Richard Faulkner is the founder and CEO of IQ Exchange LLC, a talent management and development marketplace. Here are some key points about his background and achievements:

Military and Government Service

• Faulkner served 28 years in the U.S. Army, with 20 years of active duty and 8 years in the reserves. He held various roles, including Program Manager for the Synchronized Predeployment and Operational Tracker (SPOT), an enterprise-level contractor management and tracking system for the Department of Defense. He deployed multiple times to Iraq and Afghanistan to oversee program implementation.1

Corporate Experience

• From 1996 to 2005, Faulkner held executive-level positions in operations, supply-chain, technology, and manufacturing at companies such as Amazon.com, K-Mart’s Bluelight.com, Target, and The Pillsbury Company.1

SPOT Program

• Under his leadership, the SPOT program received numerous industry and governmental awards. Faulkner was personally selected to the ‘FED 100’ List in 2012 for his contributions. He also implemented a system for sharing electronic healthcare records between the Department of Defense and the Department of Veterans Affairs.1

Education and Awards

• Faulkner has a Master of Science in Administration (MSA) and has attended The Command & General Staff College and the Sustaining Base Leadership Management Course. He has been awarded the Bronze Star, Purple Heart, and Defense Meritorious Service Medal.1

IQ Exchange

• After retiring from the Army in August 2014, Faulkner focused on building IQ Exchange, a virtual marketplace that allows companies to "loan and borrow" contract employees rather than hiring and letting them go. This approach aims to reduce overhead, churn, and costs associated with traditional hiring practices. The platform is designed to connect companies with excess talent to those with talent needs, promoting a more stable and efficient workforce.12

Faulkner's vision for IQ Exchange is rooted in his experience managing contractor migrations within the Department of Defense and his desire to create a more sustainable and cooperative talent management system.