Kelly Announces Chief Financial Officer Transition
September 12 2024 - 7:30AM
Kelly (Nasdaq: KELYA, KELYB), a leading global specialty talent
solutions provider, today announced that Troy R. Anderson has been
named executive vice president and chief financial officer
designate, effective October 14, 2024. Following an orderly
transition of responsibilities, Anderson will succeed Olivier
Thirot, executive vice president and chief financial officer, who
on July 8, 2024, informed Kelly of his intention to retire as an
officer of the Company. Upon completion of the transition, Thirot
will serve as a strategic advisor to the Company.
“I am pleased to welcome Troy to Kelly as the Company’s next
chief financial officer. His experience successfully executing
business transformations, track record of accelerating profitable
growth, and passion for developing and leading high-performing
teams align exceptionally well to Kelly’s goals as we accelerate
forward on our specialty journey into a new era of growth,” said
Peter Quigley, president and chief executive officer. “I am also
grateful to Olivier for his distinguished service to Kelly. His
leadership has helped transform Kelly into a more efficient,
profitable enterprise with the financial discipline and flexibility
to drive long-term value creation.”
“On behalf of Kelly’s board of directors, I extend our
appreciation to Olivier for his significant contributions to the
Company as he prepares for an exciting new chapter,” said Terrence
Larkin, chairman of Kelly’s board of directors. “I would also like
to thank the members of the compensation and talent management
committee for leading an exhaustive search process and identifying
a candidate of Troy’s caliber to serve as Kelly’s next chief
financial officer. I am confident he will serve as an excellent
addition to Kelly's senior leadership team and help build upon the
progress Kelly has achieved on its journey to accelerate profitable
growth and reward its shareholders.”
Anderson brings to Kelly more than 30 years of progressive
experience in accounting, financial planning and analysis, external
reporting, investor relations, expense management, and financial
strategy. Most recently, he served as executive vice president and
chief financial officer of Universal Technical Institute, Inc.
(NYSE: UTI), a leading provider of education programs to prepare
the workforce in transportation, skilled trades, energy, and
healthcare. There, he was a key part of developing and executing a
growth, diversification, and optimization strategy which resulted
in revenue more than doubling, and profitability and market cap
increasing significantly more during his tenure. Prior to joining
Universal Technical Institute, Inc., he served as vice president,
global finance and corporate controller for Conduent, Inc., a
business process services company.
About Kelly®
Kelly Services, Inc. (Nasdaq: KELYA, KELYB) helps companies
recruit and manage skilled workers and helps job seekers find great
work. Since inventing the staffing industry in 1946, we have become
experts in the many industries and local and global markets we
serve. With a network of suppliers and partners around the world,
we connect more than 500,000 people with work every year. Our suite
of outsourcing and consulting services ensures companies have the
people they need, when and where they are needed most.
Headquartered in Troy, Michigan, we empower businesses and
individuals to access limitless opportunities in industries such as
science, engineering, technology, education, manufacturing, retail,
finance, and energy. Revenue in 2023 was $4.8 billion. Learn more
at kellyservices.com.
Forward-Looking Statements
This release contains statements that are forward looking in
nature and, accordingly, are subject to risks and uncertainties.
These statements are made under the “safe harbor” provisions of the
U.S. Private Securities Litigation Reform Act of 1995. Statements
that are not historical facts, including statements about Kelly’s
financial expectations, are forward-looking statements. Factors
that could cause actual results to differ materially from those
contained in this release include, but are not limited to, (i)
changing market and economic conditions, (ii) disruption in the
labor market and weakened demand for human capital resulting from
technological advances, loss of large corporate customers and
government contractor requirements, (iii) the impact of laws and
regulations (including federal, state and international tax laws),
(iv) unexpected changes in claim trends on workers’ compensation,
unemployment, disability and medical benefit plans, (v) litigation
and other legal liabilities (including tax liabilities) in excess
of our estimates, (vi) our ability to achieve our business’s
anticipated growth strategies, (vi) our future business
development, results of operations and financial condition, (vii)
damage to our brands, (viii) dependency on third parties for the
execution of critical functions, (ix) conducting business in
foreign countries, including foreign currency fluctuations, (x)
availability of temporary workers with appropriate skills required
by customers, (xi) cyberattacks or other breaches of network or
information technology security, and (xii) other risks,
uncertainties and factors discussed in this release and in the
Company’s filings with the Securities and Exchange Commission. In
some cases, forward-looking statements can be identified by words
or phrases such as “may,” “will,” “expect,” “anticipate,” “target,”
“aim,” “estimate,” “intend,” “plan,” “believe,” “potential,”
“continue,” “is/are likely to” or other similar expressions. All
information provided in this press release is as of the date of
this press release and we undertake no duty to update any
forward-looking statement to conform the statement to actual
results or changes in the Company’s expectations.
KLYA-FIN
ANALYST CONTACT:Scott
Thomas(248)
251-7264scott.thomas@kellyservices.com |
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MEDIA CONTACT:Jerry
Grider(260)
444-9654jerry.grider@kellyservices.com |
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