New Management Roles for TMP Worldwide Key Executives In Asia Pacific; Company Announces New Executive Management Team As Part Of Broader Strategic Reorganisation

SYDNEY, Australia--(BUSINESS WIRE)--Dec. 19, 2001--

Key Highlights

  • Stuart McKelvey named Group President, Asia Pacific

  • Alistair Sutherland named President of eResourcing and Executive Search, Asia Pacific

  • Libby Christie named President of Monster.com, Asia Pacific

  • Philip Beck named President of Advertising & Communications, Asia Pacific

TMP Worldwide Inc. (NASDAQ: TMPW), the world's leading supplier of human capital solutions, including the pre-eminent Internet career portal Monster.com(R) and the world's largest Yellow Pages advertising agency, today announced its new Asia Pacific Executive Team as part of the Company's recently announced strategic reorganisation. The Team will comprise of Stuart McKelvey, Alistair Sutherland, Libby Christie and Philip Beck. Also named to the new executive management team were Vanessa Goss, General Counsel, Asia Pacific, Jeff Barkwill as acting CFO, Asia Pacific and Trish Stockton, Project Services Director.

Last month, TMP announced a broad reorganisation of the Company into three geographic regions: North America, Europe and Asia Pacific. The new regional structure will enable TMP to better capitalise on the synergies between its business segments, further enhance its ability to cross-sell its diversified product line to existing clients, and drive revenue and profitability growth. In addition, the reorganisation allows the Company to adopt a shared services approach to Information Technology, Accounting and other non finance functions that will further reduce redundancy and increase efficiency, while establishing regionally consolidated operations that facilitate the standardisation of processes and procedures. The new structure in Asia Pacific will facilitate increased communication and teamwork allowing the organisation to increase its value proposition to its customers and clients.

"We are extremely pleased with the management team appointed to lead TMP's Asia Pacific operations," said Jim Treacy, President and COO of TMP Worldwide. "Their wealth of experience, undisputed leadership abilities, and proven commitment, will help drive TMP and Monster to new levels of success in Asia Pac. We are enormously confident that this outstanding group, under the direction of Stuart McKelvey, possesses the ability and determination to drive revenue and earnings growth in all areas of our Asia Pacific business while further expanding our market share."

eResourcing and Executive Search, Asia Pacific

Alistair Sutherland has been named President of TMP Worldwide eResourcing and Executive Search, Asia Pacific. In this capacity, Mr. Sutherland is responsible for overseeing the Asia Pacific operations for combined units, which fulfills recruitment needs for mid-level management and senior executive professionals. Previously, Mr. Sutherland served as Australasian CEO of eResourcing. Prior to joining TMP Worldwide, Alistair was Chairman and Managing Director of Philips New Zealand Limited.

Monster.com, Asia Pacific

Libby Christie has been named President of Monster.com, Asia Pacific and is responsible for overall operational management and growth of Monster in the region. Previously, Ms. Christie was Managing Director of Monster.com Asia Pacific. Before joining Monster.com, Ms. Christie held senior positions in the telecommunications industry in Australia. In Telstra, as Managing Director of Industry marketing and Managing Director of eWorks, she was responsible for business marketing and the development and introduction of eBusiness products and eCommerce applications.

Advertising & Communications, Asia Pacific

Philip Beck has been named President of Advertising & Communications, Asia Pacific and is responsible for managing operations and driving the overall growth of this division, which provides effective Human Resources communication solutions to clients through a diverse product portfolio. Most recently, Mr. Beck served as CEO of Advertising & Communications, Asia Pacific. Prior to joining TMP Worldwide, Mr. Beck was Managing Director of MindShare with a client portfolio comprising some of the world's leading brands.

About TMP Worldwide

Founded in 1967, TMP Worldwide Inc., with more than 10,500 employees in 33 countries, is the online recruitment leader, the world's largest Recruitment Advertising agency network, and one of the world's largest Executive Search & Executive Selection agencies. TMP Worldwide, headquartered in New York, is also the world's largest Yellow Pages advertising agency and a provider of direct marketing services. The Company's clients include more than 90 of the Fortune 100 and more than 480 of the Fortune 500 companies. In June 2001, TMP Worldwide was added to the S&P 500 Index. More information about TMP Worldwide is available at www.tmp.com.

Monster.com, headquartered in Maynard, Mass., is the leading global careers website, recording over 30.2 million unique visits during the month of October 2001 according to independent research conducted by I/PRO. Monster.com connects the most progressive companies with the most qualified career-minded individuals, offering innovative technology and superior services that give them more control over the recruiting process. The Monster.com global network consists of local content and language sites in the United States, United Kingdom, Australia, Canada, the Netherlands, Belgium, New Zealand, Singapore, Hong Kong, France, Germany, Ireland, Spain, Luxembourg, India, Italy, Sweden, Norway, Denmark, Switzerland, and Finland. More information about Monster.com is available at www.monster.com or by calling 1-800-MONSTER.

Special Note: Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties, including statements regarding the company's strategic direction, prospects and future results. Certain factors, including factors outside of our control, may cause actual results to differ materially from those contained in the forward- looking statements, including economic and other conditions in the markets in which we operate, risks associated with acquisitions, competition, seasonally and the other risks discussed in our Form 10-K and our other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.

CONTACT:
TMP Worldwide
Fergus Kelly, 61 2 9256 3426
fergus.kelly@tmp.com
David Rosa, + 1 212 351 7067
david.rosa@tmp.com