Timothy P. Spillane Named Chief Risk Officer for Monster Worldwide
Monster Worldwide, Inc., (Nasdaq: MNST) today announced the appointment of Timothy P. Spillane to the position of Chief Risk Officer. In his new role, Mr. Spillane will serve as the Company's global champion of risk management and oversee the Company's internal audit functions, operating and financial controls, and financial compliance activities. The Chief Risk Officer will monitor the Company's financial, business process and operational risks, and work closely with senior executives and divisional management to research, analyze and continually improve Monster Worldwide's business practices around the world.
"As Monster Worldwide extends its reach around the world, Tim Spillane is ideally suited to lead our risk management organization, as it becomes both more complex and more critical to our continued success," said Lanny Baker, Senior Vice President and Chief Financial Officer for Monster Worldwide. "The creation of the Chief Risk Officer role underscores the importance of enterprise-wide risk management and reflects our strong commitment to the highest levels of global performance in this important arena. The new position also puts Monster at the forefront of a growing management trend among leading global corporations."
Mr. Spillane joined Monster Worldwide in 2000 to establish the internal audit function. Since then, he has successfully developed Monster Worldwide's internal audit and risk management activities into a comprehensive, global initiative. He has driven world-class performance standards and implemented valuable advances in controls and compliance throughout the Company.
Prior to joining Monster Worldwide, Mr. Spillane was a Senior Manager at Ernst & Young and a financial executive with Chemtura Corporation. A Certified Public Accountant, he is also a member of the New York City Chapter of the Financial Executives Institute. He holds an accounting degree from the University at Albany, an MBA in finance from Manhattan College and an Advanced Professional Certificate in financial risk management from NYU.
About Monster Worldwide
Founded in 1967, Monster Worldwide, Inc. is the parent company of Monster(R), the leading global online careers property. The company also owns TMP Worldwide, one of the world's largest Recruitment Advertising agency networks. Headquartered in New York with approximately 4,600 employees in 25 countries, Monster Worldwide (NASDAQ: MNST) is a member of the S&P 500 Index and NASDAQ-100. More information about Monster Worldwide is available at www.monsterworldwide.com.
Monster is the leading global online careers property. A division of Monster Worldwide, Monster works for everyone by connecting quality job seekers at all levels with leading employers across all industries. Founded in 1994 and headquartered in Maynard, Mass., Monster has 26 local language and content sites in 24 countries worldwide. More information is available at www.monster.com or by calling 1-800-MONSTER. To learn more about Monster's industry-leading employer products and services, please visit http://recruiter.monster.com.
Special Note: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: 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 Monster Worldwide, Inc.'s strategic direction, prospects and future results. Certain factors, including factors outside of Monster Worldwide's 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 Monster Worldwide operates, risks associated with acquisitions, competition, seasonality and the other risks discussed in Monster Worldwide's Form 10-K and other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.CONTACT: Monster Worldwide David Rosa, 212-351-7067 firstname.lastname@example.org or Weber Shandwick Christian Harper, 212-445-8135 email@example.com SOURCE: Monster Worldwide