Adecco names Neil Lebovits Head of Global Business Line Finance & Legal

Adecco names Neil Lebovits Head of Global Business Line Finance & Legal

Adecco names Neil Lebovits Head of Global Business Line Finance & Legal

Zurich, Switzerland, January 16, 2007: Adecco, the world leader in human resource (HR) services, today announced the appointment of Neil Lebovits as the head of the Global Business Line Finance & Legal as of February 1, 2007. Finance & Legal is one of Adecco's six global business lines that make up the professional staffing business of the company.

Jim Fredholm, former CFO of the Adecco Group and now head of the Global Business Line Finance & Legal will leave the company to further pursue his career in corporate finance. Jim was Group CFO of Adecco between 2004 and 2006 and assumed his current position after the reorganisation of Adecco in early 2006.

Neil (43), a Certified Public Accountant (CPA), started his career as an auditor with Ernst & Young. He joined Adecco in 1991 as a Branch Vice President. In his last role as the head of the North American professional staffing pision, which he has resided over for the past 5 years, he has successfully built and grown the North American operations of the Finance & Legal Business Line.

"I would like to thank Jim Fredholm for his work in moving Adecco forward in both of his roles. As the CFO of Adecco he made a major contribution to improving financial controls and restoring trust after the company had gone through turbulent times. As a business line head he has laid the foundation for further growth of that part of our professional staffing business. I am also glad Neil Lebovits takes over the global responsibility of that business line after having successfully built and led that pision's North American operations", said Dieter Scheiff.

Neil Lebovits will become member of the Executive Committee and will report directly to Adecco Group CEO Dieter Scheiff.

About Adecco

Adecco Group is the world market leader in Human Resource services with sales of EUR 18.3 billion in 2005. The Adecco network connects over 700,000 associates with business clients each day through its network of 33,000 employees and 6,600 offices in over 70 countries and territories around the world. Headquartered in Switzerland, and managed by a multinational team with expertise in markets spanning the globe, Adecco delivers an unparalleled range of flexible staffing solutions to corporate clients and qualified associates.



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