Hudson Highland Group CEO to Retire
December 01 2010 - 7:00AM
Hudson Highland Group, Inc. (Nasdaq:HHGP), one of the world's
leading providers of permanent recruitment, contract professionals
and talent management solutions, today announced that Chairman and
Chief Executive Officer Jon Chait intends to retire from the
company at its annual meeting of shareholders on April 28, 2011.
"After careful deliberation I have decided it is time for the
company to transition to a new leader," Chait said. "Hudson is
progressing well in the aftermath of the global downturn and we
have an excellent senior leadership team in place. After eight
years at the helm I think this is a good time for me to move on to
a new chapter in my life and for a new leader to take Hudson to the
next level. I have discussed this with our Board of Directors
and we have agreed to engage Spencer Stuart to conduct the search
for a CEO. They will consider both internal and external
candidates."
"I am proud of all we have accomplished," Chait added. "We
have created, from the businesses spun off from Monster Worldwide
in 2003, a distinctive global recruitment company with a strong set
of values and ethics. While making high-quality candidates key
to our operations, we have focused on deep practice specialization
and recruitment solutions for our clients across the globe. We
ran a tight ship during the downturn and have now returned to
profitability. I wish my friends and colleagues continued
success as the market recovers."
"We are sorry to hear of Jon's decision," Lead Director Dick
Stolz said. "The Board is very grateful to Jon for his
tireless leadership, his integrity and his friendship which we will
all miss. We wish Jon great happiness in the next chapter of
his life. We are delighted that he has agreed to stay on as
leader while we work with Spencer Stuart to find his replacement
during the coming months."
About Hudson Highland Group
Hudson Highland Group, Inc. is a leading provider of permanent
recruitment, contract professionals and talent management services
worldwide. From single placements to total outsourced solutions,
Hudson helps clients achieve greater organizational performance by
assessing, recruiting, developing and engaging the best and
brightest people for their businesses. The company employs more
than 2,000 professionals serving clients and candidates in
approximately 20 countries. More information is available at
www.hudson.com.
CONTACT: Hudson Highland Group
David F. Kirby
212-351-7216
david.kirby@hudson.com
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