Olsten Chief Executive Frank N. Liguori receives staffing industry's highest honor.
NATSS Leadership Hall of Fame Award for Outstanding Individual
Contributions Presented to Only 10 Executives in the Last Nine Years
Frank N. Liguori, Chairman of the Board and Chief Executive Officer of Olsten Corporation, today received the staffing services industry's highest honor -- the National Association of Temporary and Staffing Services' Leadership Hall of Fame Award -- in a ceremony at the NATSS 30th Annual Convention and Exposition in Orlando, Florida. The award, created in 1985 to recognize outstanding individual contributions made through dedicated service to NATSS and the staffing services industry, has been presented to only 10 executives in the past nine years. Liguori is the second Olsten executive to be so honored since the Company's late founder, William Olsten, received the award in 1985.
Olsten Corporation is a world leader in staffing services and Liguori's deep involvement with the industry covers the 25 years he has served with Olsten. In 1985-86, Liguori was NATSS' president and served on the Association's Board from 1983 to 1991, during which time he held numerous committee posts and several other officer positions.
"This dynamic leader has made untold contributions to our industry over the years," said Sam Sacco, NATSS Executive Vice President. "As president of our organization, Frank's efforts to strengthen both our membership and our finances, as well as his many legislative initiatives, have all had lasting impact on the success of the temporary help and staffing industry. As leader of one of the world's largest staffing companies, he has been a tireless advocate for our industry and the millions of people to whom we have provided gainful employment."
In his acceptance speech, Liguori said respect for the industry "is growing and it comes from all of our publics and clients, all the way to the hierarchies of the world's largest companies, where decisions to use our services are being made by purchasing directors, strategic planners, chief financial officers, division heads and even chief executives..." He noted that the staffing industry provides "millions of people with gainful employment, dignity and, in so many cases, a bridge to the future," making significant contributions to "family values, job security, the career track, corporate loyalty and the chance to maintain dignity through meaningful work." Without the industry, Liguori said, "the downsized and so many others would have fewer career options."
Individuals employed in or by the temporary staffing industry today account for nearly 2 percent of the American workforce. In the second quarter of 1996, NATSS reported that average daily industry employment stood at approximately 2.3 million people with a payroll of nearly $7.7 billion.
Liguori has been Olsten's Chairman since 1992 and Chief Executive Officer since 1990. Since he joined Olsten Corporation in 1971, he has held the positions of Controller, Senior Vice President and Treasurer, and Executive Vice President. Liguori became Olsten's Chief Operating Officer in 1983, President in 1986 and Vice Chairman and Chief Executive Officer in 1990.
A New York City native, Liguori began his career with the public accounting firm of Coopers & Lybrand. He is currently a member of the Listed Company Advisory Committee of the New York Stock Exchange and vice chairman of the Board of the Home Health Services and Staffing Association (HHSSA). Mr. Liguori serves on the Board of Directors of the Long Island Association, the Board of Trustees of New York Institute of Technology, and the Consulting Board of the Epilepsy Foundation of Long Island.
A Certified Public Accountant, Mr. Liguori is a member of the American Institute of Certified Public Accountants, New York chapter, the National Association of Accountants and Delta Mu Delta, the national honor society in business administration. He received a BBA degree in accounting from St. Francis College, New York, in 1967 and holds an honorary doctor of laws degree from St. Joseph's College, New York.
Olsten Corporation (NYSE:OLS) in addition to being a world leader in staffing services, is North America's largest provider of home health care and related services. Primarily through Olsten Staffing Services, the Company operates 700 staffing or information technology offices in North America, South America and Europe, providing assignment employees to business, industry and government, as well as services for the design, development and maintenance of information systems. Through its Olsten Kimberly QualityCare subsidiary, the Company's 600 health care offices in the United States and Canada provide health care network management and caregivers for home health care and institutions, as well as management services to hospital-based home health agencies.
In 1995, Olsten Corporation, with headquarters in Melville, New York, employed 650,000 people and provided services to more than 500,000 client/patient accounts. The Company achieved 1995 systemwide sales of $3.3 billion and revenues of $2.8 billion.
CONTACTS: Olsten Corporation, Melville
David Fluhrer, 516/844-7590
Bruce Steinberg, 703/549-6287 ext. 118