DGAP-News: Hudson Highland Group CEO to Retire
ID: 307193
01.12.2010 13:00
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NEW YORK, Dec. 1, 2010 (GLOBE NEWSWIRE) -- Hudson Highland Group, Inc.
(Nasdaq:HHGP), one of the world's leading providers of permanent recruitment,
contract professionals and talent management solutions, today announced that
Chairman and Chief Executive Officer Jon Chait intends to retire from the
company at its annual meeting of shareholders on April 28, 2011.
'After careful deliberation I have decided it is time for the company to
transition to a new leader,' Chait said. 'Hudson is progressing well in the
aftermath of the global downturn and we have an excellent senior leadership
team in place. After eight years at the helm I think this is a good time for me
to move on to a new chapter in my life and for a new leader to take Hudson to
the next level. I have discussed this with our Board of Directors and we have
agreed to engage Spencer Stuart to conduct the search for a CEO. They will
consider both internal and external candidates.'
'I am proud of all we have accomplished,' Chait added. 'We have created, from
the businesses spun off from Monster Worldwide in 2003, a distinctive global
recruitment company with a strong set of values and ethics. While making
high-quality candidates key to our operations, we have focused on deep practice
specialization and recruitment solutions for our clients across the globe. We
ran a tight ship during the downturn and have now returned to profitability. I
wish my friends and colleagues continued success as the market recovers.'
'We are sorry to hear of Jon's decision,' Lead Director Dick Stolz said. 'The
Board is very grateful to Jon for his tireless leadership, his integrity and
his friendship which we will all miss. We wish Jon great happiness in the next
chapter of his life. We are delighted that he has agreed to stay on as leader
while we work with Spencer Stuart to find his replacement during the coming
months.'
About Hudson Highland Group
Hudson Highland Group, Inc. is a leading provider of permanent recruitment,
contract professionals and talent management services worldwide. From single
placements to total outsourced solutions, Hudson helps clients achieve greater
organizational performance by assessing, recruiting, developing and engaging
the best and brightest people for their businesses. The company employs more
than 2,000 professionals serving clients and candidates in approximately 20
countries. More information is available at www.hudson.com.
CONTACT: Hudson Highland Group
David F. Kirby
212-351-7216
david.kirby@hudson.com
News Source: NASDAQ OMX
01.12.2010 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Hudson Highland Group, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US4437921061
WKN:
End of Announcement DGAP News-Service
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Datum: 01.12.2010 - 13:00 Uhr
Sprache: Deutsch
News-ID 307193
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Kategorie:
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