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Hudson Highland Group Terminates Chairman and Chief Executive Officer Jon Chait

Hudson Highland Group Terminates Chairman and Chief Executive Officer Jon Chait

CFO Mary Jane Raymond Appointed Interim CEO

The Board of Directors of Hudson Highland Group, Inc. (Nasdaq:HHGP) today announced that it has removed Jon Chait as chairman and chief executive officer of the company, effective immediately. The Board has appointed Mary Jane Raymond, the company's executive vice president and chief financial officer, to serve as interim CEO. Lead outside director Richard J. Stolz has been elected chairman of the board.
The company announced on December 1, 2010 that Mr. Chait agreed to retire at the company's annual meeting of shareholders on April 28, 2011. On February 16, 2011, Mr. Chait informed the board of directors of his desire to stay on as chairman and CEO indefinitely and requested that all efforts to identify a successor be cancelled immediately.

Richard J. Stolz said, "We are disappointed that we were unable to reach an agreement on the terms of Mr. Chait's retirement. His recent communications with the board have caused us to lose confidence in his judgment, and we believe it is in the best interests of shareholders to remove him as chairman and CEO at this time. The Board has made significant progress on the search for Mr. Chait's successor, and we are confident in Ms. Raymond and the rest of our senior operational team to lead the company during this interim period."

Ms. Raymond added, "I look forward to serving the company in this role as we transition to a full-time replacement in the coming months. Hudson Highland is well positioned to benefit from the improved industry outlook, and we remain committed to meeting our financial targets."

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