TMPW Launches MSL(US); New Division Is First US-Based, National Multiple Search Solutions Service Focusing On Middle Level Management
NEW YORK, October 6, 1998 -- TMP Worldwide, the world's online recruitment leader, announced today the launching of a new division, MSL(US) to address the middle level management needs of corporate America.
MSL(US) is the first U.S. based, single source provider of multiple search solutions, on a national scale. Based in Maynard, Massachusetts, MSL(US) is a service of TMP Worldwide's Executive Search and Selection Division.
Edward J. Pierson has been appointed President & Chief Operating Officer of MSL(US). Mr. Pierson is moving from TASA/Johnson Smith & Knisely where he was the head of the Global Transaction Services practice for the past six years. In addition, Mr. Pierson is bringing a team of people from TASA/JSK to the new business, and has also hired Mark A. Caruso as Executive Vice President & General Manager. Mr. Caruso has been President and CEO of Success Associates, Inc., a retained recruiting firm specializing in large scale, multiple-position hiring projects.
In making the announcement, Gary Knisely, Chief Executive Officer of TMP's Worldwide Executive Search and Selection business, said, ``There is a large, underserved need for qualified candidates in the middle level management ranks. That will be the initial focus of MSL(US). The new company is an addition to TMP's worldwide selection business, which includes MSL in Europe and the potential acquisition of Morgan & Banks in Australia.
Edward J. Pierson, President, MSL(US), said, ``MSL(US) is focused on solving the recruiting needs of companies who need highly qualified candidates to fill multiple positions of a similar nature, especially those whose needs are nationwide. MSL(US) is a retained selection solution,'' the TMP executive noted, ``that integrates interactive and print media advertising with traditional search methods. We can provide either a specific number of qualified hires during a set project timeframe or an ongoing outsourcing of the recruiting process to fulfill all the needs of a company or business unit.''
``Middle management recruiting for multiple-site corporations,'' Mr. Pierson explained, ``can be difficult when conducted on a local or regional basis, which until now has been the practice. Corporations are now seeking a single source for multiple hires across different geographies.
``TMP's leadership position in online recruitment, its position as one of the world's largest recruitment advertising agency networks, and our rapidly growing presence in search and selection, together position TMP's new MSL(US) division as uniquely qualified to offer an heretofore unavailable service.''
Founded in 1967, TMP Worldwide is the online recruitment leader, one of the world's largest recruitment advertising agency networks with a rapidly growing presence in the search and selection industry, and the world's largest yellow page advertising agency with more than 3,550 employees in 20 countries. The company is also a provider in direct marketing services. TMP Worldwide's clients include more than 70 of the Fortune 100 and more than 285 of the Fortune 500 companies.
The TMP Worldwide Interactive career portal delivers the most comprehensive set of career services on the Web including The Monster Board (www.monster.com), the largest and most successful career center on the World Wide Web; Online Career Center (OCC) (www.occ.com), the Internet's earliest career site; MedSearch (www.medsearch.com), the primary online ``help wanted'' service for the health care industry; Be the Boss (www.betheboss.com), a leading provider of information on franchise opportunities; About Work (www.aboutwork.com), the most comprehensive provider of career advice and information, and Student Center (www.studentcenter.com), which includes the largest online Internship database.
The Monster Board is a registered trademark of TMP Worldwide. Online Career Center, Be the Boss and MedSearch are service marks of TMP Worldwide.
This press release includes forward-looking statements as defined in the Private Securities Litigation Act of 1995. Forward-looking statements do not constitute historical facts and involve risks and uncertainties, including but not limited to, the possibility that adverse economic or other factors may cause actual results to be materially different than current estimates and projections.
Additional detailed information concerning a number of factors that could cause actual results to differ materially from the information contained in this press release is contained in the reports and other documents of TMP Worldwide filed with the Securities and Exchange Commission from time to time.