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TMP Worldwide Hires New Partner to Build Health Care Practice In Silicon Valley
Contact: Regina Milano
(212) 885-9112
Steven B. Potter
(212) 328-1100
Michael D. Ballenger, Former Partner with Heidrick & Struggles, Joins Palo Alto Office of TMP Worldwide Executive Search
New York, March 26, 2000 -- TMP Worldwide Inc. (NASDAQ: TMPW; ASX: TMP), the leading provider of global recruitment solutions, including the dominant Internet career portal, Monster.com, today announced the appointment of Michael D. Ballenger as Partner in the company's Executive Search Division. Mr. Ballenger, formerly a Partner with Heidrick & Struggles in San Francisco, joins the Palo Alto office of TMP Worldwide Executive Search and will build the company's health care practice in Silicon Valley, providing recruiting and consulting services to TMP Worldwide's health care clients.
Steven B. Potter, CEO of TMP Worldwide Executive Search, said, “Michael Ballenger is a proven leader in recruiting top executives in the healthcare products industry and his appointment proves our commitment to growing the highest quality health care practice in the industry. Furthermore, his extensive network of contacts in Silicon Valley is a boon to the TMP Worldwide brand on the West coast.”
Mr. Ballenger will work closely with Neal Maslan, Global Health Care Sector Leader, who has responsibility for the company's health care sector worldwide. In addition, he will collaborate with Brad Stirn, Head of TMP Worldwide's West Coast Executive Search operations, and Steve Strain, a Partner in the Global High Technology Practice, to further strengthen TMP Worldwide Executive Search in Northern California.
Commenting on the partnership, Mr. Stirn said, “We are very excited at having Michael join us here in Silicon Valley and the potential it presents. He will not only expand our industry focus beyond information technology to include healthcare products, but he is a key player as we continue to build a world-class global Healthcare Practice for TMP Worldwide.”
Mr. Ballenger has 14 years' experience in the executive search industry, the past 10 with Heidrick & Struggles where he was the firm's Global Practice Leader for Healthcare Products. Prior to that, Mr. Ballenger was a Partner with Howe-Lewis International. His health care industry experience includes his tenure as Director of Human Resources for Genentech, Inc., and eight years as an executive with American Hospital Supply Corporation, where he ascended to the post of Vice President of Personnel for the Pacific International Division. Mr. Ballenger specializes in board of director and chief executive officer searches, as well as senior-level assignments in research, product development and other business functions, and he is consultant to a broad range of clients, from start-ups to mature firms in all segments of the healthcare products industry. Mr. Ballenger is a graduate of California State University in Sacramento, and he holds a Masters of Business Administration from San Jose State University.
Mr. Ballenger's appointment follows that of another former Heidrick & Struggles Health Care Partner, Grant Wicklund, who joined TMP Worldwide earlier this month as a Partner in the company's Health Care Practice in Dallas.
About TMP Worldwide
Founded in 1967, TMP Worldwide, now with more than 7,200 employees in 25 countries, is the on-line recruitment leader, the world's largest recruitment advertising network, one of the world's largest selection agencies, and a leading global retained executive search firm. 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.
TMP Worldwide's Executive Search Division's world-class industry sector teams include: automotive, consumer products, energy, eCommerce/Internet, financial services, health care, human resources, industrial, insurance, legal, not-for-profit, professional services, real estate, retail/fashion, technology, and transportation.
About Monster.com
Monster.com (www.monster.com), the flagship product of the Interactive Division of TMP Worldwide, is the leading global career portal on the Web with over 14 million unique visits per month. 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 language and content sites in the United States, United Kingdom, Australia, Canada, the Netherlands, Belgium, New Zealand, Singapore and France. More information about Monster.com is available at www.monster.com or by calling 1-800-MONSTER.
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Special Note:
The above statements include forward-looking statements based on current management expectations. Factors that could cause future results to differ from these expectations include the following: risks associated with acquisitions, competition and seasonality. Additional factors are described in the company's reports filed with the Securities and Exchange Commission.
