Adecco S.A. 2004 Annual General Meeting; Philippe Foriel-Destezet and Klaus J. Jacobs share Chairmanship of the Board.CHESEREX, Switzerland -- Adecco S.A. held its Annual General Meeting in Lausanne today, at which 180 shareholders attended, representing 52.85% of the total 187,158,400 issued shares. At the meeting, shareholders: --approved the company's report and accounts for 2003 --approved a dividend of 0.70 CHF CHF In currencies, this is the abbreviation for the Swiss Franc. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. per registered share. The dividend for the shares is planned to be paid on July 12, 2004, and the dividend for the ADRs is planned to be paid on August 13, 2004 --discharged all members of the Board --elected the following individuals to serve on the Board: Jakob Baer, Jurgen Dormann, Philippe Foriel-Destezet Philippe Foriel-Destezet (born 1936) is one of the world's richest people, according to a 2004 listing by Forbes. He owns 18% of the Swiss employment agency Adecco as well as a significant interest in AKILA Finance. , Klaus J. Jacobs, Philippe Marcel, Francis Mer Francis Mer (may 25th, 1939, in Pau) is a French businessman, industrialist and politician. A former alumnus of the Ecole polytechnique, he was hired in 1970 by the Saint-Gobain group. In 1982, he became chairman of the board of Pont-à-Mousson SA. , Thomas O'Neill, David Prince and Peter Ueberroth --re-appointed Ernst & Young as the company's auditors for a further 12-month period --abolished the 5% voting limit, in line with the principle "one share, one vote". Following the AGM AGM annual general meeting AGM n abbr (= annual general meeting) → AG f AGM n abbr (= annual general meeting) → JHV f , the newly elected Board held its inaugural meeting, at which Mr Philippe Foriel-Destezet and Mr Klaus J. Jacobs were elected Co-Chairmen of the Board. The Board also created a number of committees, the name and composition of which are Audit Committee: Jakob Baer (Chairman), Thomas O'Neill and David Prince; Nomination and Remuneration Committee: Peter Ueberroth (Chairman), Jurgen Dormann, Francis Mer and Philippe Marcel; Corporate Governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. Committee: Francis Mer (Chairman), Jakob Baer and David Prince. Publication of Adecco's Q2 2004 results Adecco's Q2 2004 figures will be released on September 7, 2004 before market opening. Forward-looking statements 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. (the "Company") as of the date of this release, and we assume no duty to update any such forward-looking statements. Factors that could affect the Company's forward-looking statements include, among other things: the outcome of investigations by governmental agencies or stock exchanges; the pace of economic recovery in various regions and the demand for temporary staffing; the impact and result of any litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. (including US class action litigation); any adverse developments in existing commercial relationships, disputes or legal proceedings All actions that are authorized or sanctioned by law and instituted in a court or a tribunal for the acquisition of rights or the enforcement of remedies. ; volatility of the Company's stock price; intense competition in the markets in which the Company competes; and negative reactions from the Company's shareholders, creditors or vendors with respect to any of the foregoing matters. The 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. Please refer to the Company's Annual Report on Form 20-F for the year ended December 29, 2002, and other reports filed with or submitted to the US Securities and Exchange Commission from time to time, for a further discussion of the factors and risks associated with our business. About Adecco Adecco S.A. is a Forbes 500 company and the global leader in HR Solutions. The Adecco Group network connects 650,000 associates with business clients each day through its network of 28,000 employees and more than 5,800 offices in 70 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 corporate clients and qualified associates. The Adecco Group, after the sale of jobpilot (e-HR Services) in 2004, comprises three Divisions, Adecco Staffing, Ajilon Professional and LHH LHH League for the Hard of Hearing LHH Laguna Honda Hospital (San Francisco, California) LHH L-Band HH LHH Lutheran Hospice of Hope Career Services. In Adecco Staffing, the Adecco staffing network focuses on flexible staffing solutions for global industries in transition, including automotive, banking, electronics, logistics and telecommunications; Ajilon Professional offers an unrivalled range of specialised consulting and project management businesses and LHH Career Services encompasses our portfolio of outplacement out·place·ment n. The process of facilitating a terminated employee's search for a new job by provision of professional services, such as counseling, paid for by the former employer. and coaching. Adecco S.A. is registered in Switzerland (ISIN Isin (ĭs`ĭn), capital of an ancient Semitic kingdom of N Babylonia. The city became important after the third dynasty of Ur fell to the Elamites and the Amorites (c.2025 B.C.). The phase from c.2025–c.1763 B.C. : CH0012138605) and listed on the Swiss Stock Exchange with trading on Virt-x (SWX/VIRT-X:ADEN), the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE NYSE See: New York Stock Exchange :ADO) and Euronext Paris - Premier Marche (EURONEXT: ADE). Additional information is available at the Company's website at www.adecco.com. |
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