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TMP Worldwide Appoints Former CFO of USA Networks Michael Sileck as Chief Financial Officer
Mr. Sileck, age 41, takes over from TMP Worldwide's acting CFO, Bob O'Connell. Mr. Sileck is expected to join TMP during the first quarter of 2002 and will be responsible for overseeing TMP's global finances as well as implementing financial planning strategies that enhance the company's overall profitability.
Formerly CFO and Senior Vice President of USA Networks, Inc. (NASDAQ: USAI), a multi-billion dollar media and commerce company, Mr. Sileck was responsible for all financial and accounting activities for the company. Under his financial guidance since 1999, USA Networks has consistently generated double-digit annual EBITDA growth while building a diverse yet unique group of assets.
"Michael's deep financial expertise and proven track record of success at USA Networks made him the clear front-runner to assume the duties of CFO at TMP," said Jim Treacy, President and COO of TMP Worldwide. "His ability to manage the finances of USA Networks' multi-faceted media and commerce operations will translate nicely to handling TMP's numerous business channels, and we're extremely confident that he will make significant contributions to TMP's continued revenue growth and profitability."
Prior to joining USA Networks, Mr. Sileck was Vice President of Finance at Sinclair Broadcast Group in Baltimore, Maryland. There he was responsible for financial operations of a broadcasting group that included 60 TV stations and 50 radio stations. Before that, Mr. Sileck held Director of Finance positions at River City Broadcasting in St. Louis, Missouri and Narragansett Television, L.P. in Providence, Rhode Island. A Certified Public Accountant, Mr. Sileck earned a BS in Science/Accounting from Wayne State University in Detroit, Michigan and an MBA from Oklahoma City University.
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.
About Monster.com
Monster.com, headquartered in Maynard, Mass., is the leading global careers website, recording over 29.1 million unique visits during the month of November 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: 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
