TMP Worldwide Acquires the Highland Search Group L.L.C.; Three Top Executive Search Practice Leaders Join TMP's Global Executive Search Business.NEW YORK--(BUSINESS WIRE)--Oct. 26, 1999-- TMP TMP (thymidine monophosphate): see thymine. Worldwide Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : TMPW; ASX ASX See: Australian Stock Exchange : TMP), the leading provider of global recruitment solutions including the dominant Internet career portal, Monster.com, announced today that it has completed its merger with the Highland Search Group L.L.C. Steve B. Potter, founder and managing partner of Highland, has been appointed President of TMP's North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. executive search practice. He will report to Michael Squires, President of TMP's Global Executive Search division. Michael Squires stated, "Our North American practice has revenues currently in excess of $100 million and offices in over twenty cities. I am extremely pleased that we have found a dynamic and experienced professional like Steve Potter to drive the business to new heights." In addition to the completed Highland merger, Steve Potter also announced the recruitment of three top executive search professionals for key leadership positions in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Mr. Richard C.E. Moore has become Head of TMP Worldwide's Canadian operations headquartered in Toronto. He was formerly chairman of Russell Reynolds Associates in Canada. Mr. William Fello has become Head of TMP's Global Industrial Sector and Supply Chain Management Practice out of Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. . Fello most recently was the managing partner for Heidrick & Struggles' Supply Chain Management Practice in Dallas. Mr. Bradley A. Stirn, who founded SpencerStuart & Associates' high technology practice in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden and Menlo Park Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. in the early 1990s, joined TMP's Palo Alto office where he will be in charge of the executive search operations in the West Coast. "We are delighted that Rick Moore is leading our efforts in Canada," said Mr. Potter. "Rick's extensive management and consulting experience at global firms such as IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Xerox and Touche Ross, makes him an ideal person to build and run our Canadian search business." Mr. Potter continued, "The addition of Bill Fello and Bradley Stirn provide TMP with unparalleled consulting and management experience in manufacturing and high technology. Their expertise will significantly enhance TMP's executive search capability in the automotive, transportation, and other manufacturing industries, as well as in the venture capital and Silicon Valley high-technology areas." In addition to these important developments in North America, TMP Worldwide also announced the acquisition of AMROP International's Italian operations, adding approximately $4.0 million in revenue. Along with TMP Worldwide's existing Italian executive search business, formerly known as TASA International, TMP Worldwide is now the leader in executive search in Italy. Susanna Stefani, former Chairman of AMROP International, commented, "My Italian Partners and I are truly delighted to have this tremendous opportunity to be part of the development of TMP's Executive Search practice. With the combined strength of TMP's current search business in Europe and in Italy, it clearly puts us in the number one position. This rapid growth, coupled with the expansion planned for Monster.com in Italy, makes it a very exciting time for us in the Italian market." Commenting on the developments within the Executive Search divisions of TMP Worldwide, Andrew J. McKelvey, Chairman and 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. of TMP Worldwide stated: "These recent announcements round off a very exciting 18 months which have taken us from having no presence in executive search to being an undisputed member of the top five search firms in the world. Global Executive Search is under the leadership of Michael Squires and with Steve Potter leading North America, we complete an outstanding team of Executive Search Management to change the face of the traditional executive search practice going into the 21st Century." Mr. McKelvey added, "The development of our executive search division is directly in line with the firm's "Intern-to-CEO" strategy. We have now positioned ourselves as a leader in the top end of the management hierarchy. This, along with our world leadership in recruitment advertising, our strength in the mid-market in Europe, Morgan and Banks' ubiquitous presence in Asia-Pacific, and the dominance of Monster.com, gives TMP an unprecedented platform to drive ahead into the next century." Special Note The above statements include forward-looking statements based on current management expectations. Factors that could cause future results to differ from these expectations include: risks associated with acquisitions, competition and seasonality. Additional factors are described in the company's reports filed with the Securities and Exchange Commission. About TMP Worldwide Founded in 1967, TMP Worldwide, headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , now with approximately 6,100 employees in 25 countries, is, through its flagship product Monster.com, the online recruitment leader, the world's largest recruitment advertising agency network, one of the world's largest search and selection agencies, the world's largest yellow page advertising agency and a provider of direct marketing services. The company's clients include more than 80 of the Fortune 100 and more than 400 of the Fortune 500 companies. Monster.com (www.monster.com), the flagship product of the Interactive Division of TMP Worldwide, is the leading, global online network for careers, connecting the most progressive companies with the most qualified career-minded individuals. Monster.com is committed to leading the market by offering innovative technology and superior services that give consumers and businesses more control over the recruiting process. The Monster.com network currently consists of websites in the United States, Canada, the United Kingdom, the Netherlands, Australia, Belgium and France. More information about Monster.com is available at www.monster.com or by calling 1-800-MONSTER. Executives' Biographies Richard C. E. Moore, who joined TMP as Head of its Canadian operations, became Chairman of Russell Reynolds Associates (Canada) in 1996, when that firm acquired his thirteen-year old firm, Richard Moore Associates International. Before entering the executive search practice, Moore spent 8 years at IBM Canada and Xerox Canada. Moore's background also includes a mixture of consulting and management experience with Touche Ross & Partners, where he served as Managing Partner, Toronto and National Partner of the Executive Search business. Moore is a graduate of Lower Canada College Lower Canada College (LCC) of Montreal is an elementary and secondary level private school. The college was founded in 1861 as St. John's School and changed its name to Lower Canada College in 1909, replacing an older school by that name that was founded in 1847. , Montreal, and of McGill University, Montreal, where he studied economics, psychology and law. Moore currently serves on the Board of Sheena's Place and also on the Advisory Board of the Toronto Community Foundation. He is past member of the Board of Lower Canada College, currently a member of the Foundation of Lower Canada College, and also past member of the Boards of Trustees at Upper Canada College Upper Canada College (UCC) is a private elementary and secondary school for boys in downtown Toronto, Canada. Students between Senior Kindergarten and Grade Twelve study under the International Baccalaureate program. , Toronto, and at the Bishop Strachan School The Bishop Strachan School (BSS), (IPA: /ˈstrɔːn/ , Toronto. William Fello joined TMP as the Head of Global Industrial Sector and Supply Chain Management Practice, based in Dallas. Mr. Fellow brings 26 years of management, search and outsourcing consulting experience to TMP. He most recently was a Partner at Heidrick & Struggles in Dallas, at that firm's Professional Services, Industrial and International Technology practices. Previously, Fello was an executive at Electronic Data Services Corp., initially as Managing Principal responsible for creating and heading EDS's industry consulting practices, and later as Vice President and General Manager responsible for creating and leading EDS's business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in organization. Before EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. , Fello was President and CEO of Logica North America, Inc. professional services and applications software firm, and President and CEO of Touch Communications, a networking software and services company. Fello received his undergraduate degree in systems analysis from the University of Miami This article is about the university in Coral Gables, Florida. For the university in Oxford, Ohio, see Miami University. The University of Miami (also known as Miami of Florida,[2] UM,[3] or just The U , Oxford, Ohio. He also studied business at the Rochester Institute of Technology, Rochester, New York This article is about the city of Rochester in Monroe County. For the town in Ulster County, see Rochester, Ulster County, New York. Rochester, once known as The Flour City, and more recently as The Flower City or . Bradley A. Stirn joined TMP as Head of West Coast Operations, out of the firm's Palo Alto office. He previously spent 12 years with SpencerStuart & Associates where he is credited with building from scratch the firm's West Coast high technology executive search practice. At SpencerStuart, Strin served both as High Technology Practice Leader and as Managing Director of the firm's Menlo Park office. He also served as a member of the firm's worldwide Board of Directors. Prior to entering executive search, Stirn was a senior consultant with Arthur D. Little Arthur D. Little, Inc. is the world's first management consulting firm. Founded in 1886 by Arthur Dehon Little, an MIT chemist who discovered acetate, and co-worker Roger Griffin, in Cambridge, Massachusetts, Arthur D. Little pioneered the concept of contracted technology research. , Inc.'s Technology and New Ventures Group; the President and Chairman of Microsensor Microsensor A very small sensor with physical dimensions in the submicrometer to millimeter range. A sensor is a device that converts a nonelectrical physical or chemical quantity, such as pressure, acceleration, temperature, or gas concentration, into an Technology, Inc., an electronics firm; the President and Chairman of Design Optics, Inc., a manufacturer of precision optical components; a sales manager for Coherent, Inc., a laser technology company; and a systems consultant at Texas Instruments. Stirn is a graduate of the Amos Tuck School of Business Administration at Dartmouth. He received his Bachelor degree in Physics from Amherst College in Massachusetts, where he also served on the Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. . |
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