CORESTAFF Services Appoints New CEO.Business Editors HOUSTON--(BUSINESS WIRE)--Sept. 19, 2001 Peter Owen, chief executive of The Corporate Services Activities that combine or consolidate certain enterprise-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) customers and business partners. Group, today announced that Steven R. Drexel has been named president and chief executive officer of CORESTAFF Services, the national staffing company headquartered in Houston. Drexel assumed the role of interim chief executive officer of CORESTAFF Services in May 2001. Prior to that he served as CORESTAFF executive vice president and chief financial officer. Drexel joined the company in February 2000, bringing with him extensive staffing industry and financial management expertise. An industry veteran, Drexel's background includes 15 years in the corporate finance department of national staffing firm Kelly Services Kelly Services, Inc. is a Fortune 500 company headquartered in Troy, Michigan, offering staffing solutions that include temporary staffing services, outsourcing, vendor on-site and full-time placement. Kelly operates in 30 countries and territories. Inc., where he served in a variety of management roles including director of Corporate Finance. He also served as a key member of the company's Pricing Strategy Task Force. Following his tenure at Kelly Services, Drexel served as vice president, chief financial officer and treasurer of Walsh College in Troy, Mich., where he oversaw o·ver·saw v. Past tense of oversee. all financial and business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets . "I am delighted that Steve has accepted the position as president and chief executive officer of CORESTAFF Services," said CSG CSG - constructive solid geometry Chief Executive Peter Owen. "Steve brings with him a wealth of experience and I am confident that, under his direction, CORESTAFF will position itself to fully capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. its immense potential." Since his appointment as interim CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Drexel and CORESTAFF's management team have embarked on a strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. initiative, with the results scheduled for implementation by year end. About CORESTAFF Services CORESTAFF Services is a national staffing company that provides a full range of supplemental staffing services and solutions including office support, light industrial and technology staffing. Providing temporary, temp-to-hire and direct hire employment services, the company operates through a network of more than 150 branch offices and client on-site locations nationwide. CORESTAFF's parent, The Corporate Services Group (CSG), based in London, is an international provider of employment services to seven key market segments: technical, industrial, logistics, building services, office, catering, healthcare, and sales and marketing. In addition to its CORESTAFF locations in the U.S., CSG operates offices throughout the United Kingdom and France and is also represented in Spain. |
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