TMP Worldwide Announces New Executive Search Management Team as Part of Company's Broader Strategic Reorganization

Michael Kelly Named President of Executive Search, North America

John Wallace Named Chief Operating Officer of Executive Search, North America

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 new management roles for two key executives in its Executive Search division, which specializes in recruiting senior corporate leaders, such as CEOs, COOs, CFOs and their direct reports.

Michael Kelly was named President of Executive Search, North America and John Wallace was named Chief Operating Officer of Executive Search, North America.

To better capitalize 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, TMP announced a series of appointments last month as part of a broad reorganization of the Company into three geographic regions: North America, Europe and Asia Pacific.

The new regional structure will further reduce redundancy and increase efficiency, while establishing regionally consolidated operations that standardize processes and procedures across country borders. The reorganization allows the Company to adopt a shared services approach to information technology, accounting and other functions.

"The management team we are establishing for the Executive Search division has the experience to drive our North American revenues and profitability," said Jim Treacy President and COO of TMP Worldwide.

Michael Kelly has been named President of Executive Search, North America and is responsible for overseeing the development and delivery of innovative, comprehensive solutions to meet the recruitment and staffing needs of North American clients. Formerly, Global Sector Leader of the firm's Healthcare practice, Mr. Kelly focused on recruiting chief executives and board members for leading global healthcare companies.

Previously, he was President of Korn/Ferry International's Global Healthcare Practice and a member of the firm's Global Search Operating Committee. Previous industry experience includes tenure as a Vice President at St. Jude Medical, Inc. and senior-level positions with Recognition Equipment, Inc. Mr. Kelly is a graduate of the United States Naval Academy and a former Marine Captain. He received a Master of Arts degree from Pepperdine University.

John Wallace has been named Chief Operating Officer of Executive Search, North America, and is responsible for driving the firm's profitability and managing the day-to-day operations in North America. Previously, Mr. Wallace served as Managing Partner of the Canadian Executive Search Practice and was responsible for operations and strategic initiatives in that region.

Mr. Wallace joined TMP Worldwide upon the acquisition of the Toronto Practice of Illsley Bourbonnais by TMP Worldwide Executive Search in March 2000. Prior to his association with Illsley Bourbonnais, Mr. Wallace held progressively senior sales and marketing positions, the most recent being Vice President of Sales and Service with a national subsidiary of Nortel. Mr. Wallace holds an Honours Bachelor of Science degree from the University of Waterloo.

Mr. Kelly and Mr. Wallace assume the North American responsibilities of John Mclaughlin, who was acting President of the Executive Search division of TMP Worldwide.

"Mike and John make a unique team that will be able to drive our revenues, manage our expenses, and increase our profitability across North America," Mclaughlin said. "In addition, they will help drive the synergies that exist across all of TMP Worldwide's product lines."

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. Monster.com is the official online career management services sponsor of the 2002 Olympic Winter Games and 2002 and 2004 U.S. Olympic Teams. More information about Monster.com is available at www.monster.com or by calling 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, seasonality 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:
Weber Shandwick Worldwide
Christian Harper, 212/445-8135
Charper@webershandwick.com
or
TMP Worldwide
David Rosa, 212/351-7067
david.rosa@tmp.com