Zurich, Switzerland, November 27, 2008 - Adecco Group ("Adecco"), the worldwide leader in Human Resource services, today announced that Jürgen Dormann has decided not to seek re-election to the Adecco Group Board for a further term and will step down from the Board as of December 31, 2008. The Board of Directors designated Rolf Dörig, the current Vice Chairman, to become Chairman of the Adecco Group as of January 1, 2009.
Jürgen Dormann (68) made a substantial contribution to the successful turnaround of the Adecco Group and its successful long-term strategy over the last five years. He said: "I am proud to have achieved my objective to bring Adecco to its current strong position in the global staffing market with an excellent management team, a winning strategy and a sound financial position."
Rolf Dörig (51), the current Vice Chairman of the Adecco Group Board is designated to become the Chairman of the Board of Directors as of January 1, 2009. Tom O'Neill will succeed Rolf Dörig as Vice Chairman, as of January 1, 2009.
Jürgen Dormann joined the Adecco Group Board in June 2004 and was named its Chairman in May 2007. Rolf Dörig joined Adecco's Board in May 2007. Tom O'Neill is member of the Board of Directors of Adecco Group since June 2004.
Information in this release may involve guidance, expectations, beliefs, plans, intentions or strategies regarding the future. These forward-looking statements involve risks and uncertainties. All forward-looking statements included in this release are based on information available to Adecco S.A. as of the date of this release, and we assume no duty to update any such forward-looking statements. The forward-looking statements in this release are not guarantees of future performance and actual results could differ materially from our current expectations. Numerous factors could cause or contribute to such differences. Factors that could affect the Company's forward-looking statements include, among other things: global GDP trends and the demand for temporary work; changes in regulation of temporary work; intense competition in the markets in which the Company competes; changes in the Company's ability to attract and retain qualified temporary personnel; the resolution of the French anti-trust procedure and any adverse developments in existing commercial relationships, disputes or legal and tax proceedings.
Adecco S.A. is a Fortune Global 500 company and the global leader in HR services. The Adecco Group network connects about 700,000 associates with clients each day through its network of over 36,000 employees (FTEs) and over 6,700 offices in over 60 countries and territories around the world. Registered in Switzerland, and managed by a multinational team with expertise in markets spanning the globe, the Adecco Group delivers an unparalleled range of flexible staffing and career resources to clients and associates.
Adecco S.A. is registered in Switzerland (ISIN: CH0012138605) and listed on the Swiss Stock Exchange with trading on SWX Europe (SWX: ADEN) and the Euronext Paris (EURONEXT: ADE).
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