| Symbol | Last | Change |
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| MWW | 5.35 | 0.04 |
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TMP Worldwide Appoints John Mclaughlin Group President, Americas
A 17-year veteran of TMP Worldwide and its predecessor TASA Worldwide, Mr. Mclaughlin formerly served as acting CEO of the Company's Executive Search division. He now assumes overall management and operational responsibility for the entire Americas region (US, Canada, and Latin America) across all TMP business units.
"John has demonstrated tremendous dedication and drive while achieving exceptional results throughout his seventeen years with TMP," said Jim Treacy, President and Chief Operating Officer of TMP Worldwide. "His thorough understanding of our business strategy and vision, combined with his commitment to generating growth, revenue and profit, makes him the ideal person to lead this region."
Mr. Mclaughlin, 46, joins Peter Dolphin, Group President of Europe, and Stuart McKelvey, Group President of Asia Pacific, as the three Group Presidents reporting directly to Mr. Treacy. Up until now, Mr. Treacy had also been serving as interim Group President of the Americas following the company's reorganization into three geographic regions last November. TMP's regional structure was established to drive stronger synergies between its business units and maximize the company's ability to cross-sell its diversified product line among clients. It has also enabled the Company to adopt a shared services approach toward many of its core company operations, thereby reducing redundancy, improving efficiency and facilitating the standardization of processes and procedures across country borders.
As former acting CEO of TMP Worldwide Executive Search, Mr. Mclaughlin was most recently responsible for overseeing and managing the division, which provides innovative and comprehensive solutions to serve the high level recruitment and staffing needs of global companies. Previously, he served as Managing Director of TMP Worldwide's Asia Pacific Operations.
Prior to joining TMP, Mr. Mclaughlin was Managing Director of the New York office of TASA Worldwide and also served as Chairman of the Strategy Committee for the Board of Directors of TASA. He has long been a leading search professional in the U.S., handling extensive management assignments, including numerous president, CEO and board-level appointments. Mr. Mclaughlin began his career in the banking industry in South Africa and later moved to London where he held HR and executive search positions.
About TMP Worldwide
Founded in 1967, TMP Worldwide Inc., with more than 11,000 employees in 32 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, headquartered in Maynard, Mass., is the leading global careers website, recording over 41 million unique visits during the month of January 2002 according to independent research conducted by I/PRO. Monster 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 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 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 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 Worldwide
Christian Harper, 212/445-8135
Charper@webershandwick.com
or
TMP Worldwide
David Rosa, 212/351-7067
david.rosa@tmp.com
