TMP Worldwide Announces Steve Potter to Leave Post as TMP Worldwide Executive Search Division CEO; John Mclaughlin to Assume Responsibilities as Acting CEO

NEW YORK, Oct 16, 2001 (BUSINESS WIRE) -- TMP Worldwide Inc. (NASDAQ: TMPW), the world's leading supplier of human capital solutions, including the pre-eminent Internet career portal Monster.com(R), today announced that Steven B. Potter, chief executive officer of the company's Executive Search division, will be departing the company to pursue other interests at the conclusion of his contract, which expires at the end of this week.

John Mclaughlin, a 16-year veteran of TMP Worldwide who most recently served as Managing Director of Asia Pacific Operations, will assume the management responsibilities for TMP Worldwide Executive Search. Serving as acting CEO, Mr. Mclaughlin will work with the senior management of TMP Executive Search to maintain its focus on delivering innovative and comprehensive solutions to clients' recruitment and staffing needs.

In his prior capacity, Mr. Mclaughlin has held the position of Managing Director for the New York Office of TASA Worldwide and served as Chairman of the Strategy Committee of the Board of Directors of TASA. Mr. Mclaughlin has been a leading search professional in the United States with extensive management assignments including a number of president, chief executive officer and board-level appointments. TMP Worldwide Executive Search specializes in recruiting senior corporate leaders, such as CEOs, COOs, CFOs and their direct reports, for positions in general management, sales, marketing, engineering, operations, finance, information technology, legal, professional services and supply chain management.

"During the past two years, Steve Potter helped us strengthen the CEO component of our company's overall intern-to-CEO business model. We thank Steve for his contributions in broadening TMP's reputation as a leader in senior-level executive search counsel and services, and all of us at TMP Worldwide wish him well in his next endeavors," said Andrew J. McKelvey, Chairman and Chief Executive Officer of TMP Worldwide. "I look forward to working with John to further enhance TMP's leadership position in the retained executive search market."

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 and 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 24.9 million unique visits during the month of September 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 1-800-MONSTER.

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 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
Andrea Retzky, 212/445-8247
aretzky@webershandwick.com
or
TMP Worldwide
Dan Bustillos, 212/351-7084
dan.bustillos@tmp.com