Kelly Services Names Adderley as Non-Executive Chairman
10 Maggio 2006 - 10:15PM
PR Newswire (US)
* Camden continues as President and Chief Executive Officer *
Istock appointed Lead Director TROY, Mich., May 10
/PRNewswire-FirstCall/ -- Kelly Services, Inc.
(NASDAQ:KELYANASDAQ:KELYB) announced today that its Board of
Directors has named Terence E. Adderley as non-executive chairman
of the board and Verne G. Istock as Lead Director. The action
reflects the recovery in the health of Mr. Adderley, who
experienced a cardiac incident February 8. (Logo:
http://www.newscom.com/cgi-bin/prnh/19991208/KELLYLOGO ) "We are
thankful that Terry has recovered and that the strong, global
organization he has led will once again benefit from his advice and
counsel," said Carl T. Camden, who continues as President and Chief
Executive Officer, the position to which he was named February 27
under the company's succession plan. Mr. Adderley said, "I am
grateful to Carl, Verne and the rest of the board and management
team for their seamless stewardship of Kelly Services during my
hospitalization and recovery. I am also very pleased to once again
be able to contribute to the success of a company that means so
much to me." Mr. Adderley joined Kelly in 1958 as manager of the
company's Louisville, Kentucky office. He was elected vice
president of the company in 1961 and joined the board of directors
in 1962. Mr. Adderley was elected executive vice president in 1965,
president in 1967, chief executive officer in 1987 and chairman in
1998. Before being named acting chief executive officer on February
9, Mr. Camden had served as president and chief operating officer
and as a member of the Board of the Directors since November 2001.
He joined Kelly in April 1995 as senior vice president, Corporate
Marketing and was promoted to executive vice president, Marketing
& Strategy in 1997. Mr. Camden was named executive vice
president in charge of Field Operations, Sales & Marketing in
1998, and in April 2001 was promoted to executive vice president
and chief operating officer. Mr. Istock, who had served as
non-executive chairman of the board since February 27, is the
former chairman, president and chief executive officer of First
Chicago NBD Corporation and former chairman and president of Bank
One Corporation, from which he retired in 2000. He also formerly
served as a director of the Federal Reserve Bank of Chicago. He has
been a member of the Kelly Services Board of Directors since 1991.
This release contains statements that are forward looking in nature
and accordingly, are subject to risks and uncertainties. These
factors include: competition, changing market and economic
conditions, currency fluctuations, changes in laws and regulations,
including tax laws, the company's ability to effectively manage its
information technology programs, and other factors discussed in
this release and in the company's filings with the Securities and
Exchange Commission. Actual results may differ materially from any
projections contained herein. About Kelly Services Kelly Services,
Inc. (NASDAQ:KELYANASDAQ:KELYB) is a Fortune 500 company
headquartered in Troy, Mich., offering staffing solutions that
include temporary staffing services, staff leasing, outsourcing,
vendor on-site and full-time placement. Kelly operates in 30
countries and territories. Kelly provides employment to more than
700,000 employees annually, with skills including office services,
accounting, engineering, information technology, law, science,
marketing, light industrial, education, health care and home care.
Revenue in 2005 was $5.3 billion. Visit
http://www.kellyservices.com/ .
http://www.newscom.com/cgi-bin/prnh/19991208/KELLYLOGO DATASOURCE:
Kelly Services, Inc. CONTACT: ANALYST CONTACT: James Polehna,
+1-248-244-4586, , or MEDIA CONTACT: Renee Walker, +1-248-244-5362,
, both of Kelly Services, Inc. Web site:
http://www.kellyservices.com/
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