I have never hired a project manager. It's tough. It's not that you can't do it. It's just that if they don't trust you, it will be hard for them to take on this responsibility.
What I found works best is to hire from within. Take Joven. He started with me back in 2005. He knows the business better than anyone, which is why he's the one managing Onlinejobs.ph right now. He has the skills, experience, and respect of the team. He knows how to get things done.
What do you guys think? Let me know in the comments.