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Hudson Global Announces Appointment of Stephen A. Nolan to Chief Financial Officer

Hudson Global Announces Appointment of Stephen A. Nolan to Chief Financial Officer

Former Adecco North America CFO Brings Extensive Global Public Company Experience in the Talent Solutions Industry

Hudson Global, Inc. has announced the appointment of Stephen A. Nolan as Executive Vice President and Chief Financial Officer (CFO). Most recently, Mr. Nolan served as CFO of Adecco Group North America, a division of Adecco S.A., a global workforce solutions leader. Mr. Nolan succeeds Mary Jane Raymond, who has served as Executive Vice President and CFO of Hudson since 2005, and has decided to resign to pursue other opportunities.

"Mary Jane has been a highly valued contributor at Hudson over the past seven years," said Manuel Marquez, the Company's Chairman and Chief Executive Officer. "She played a critical role as we aligned our business units globally, drove significant operational efficiencies, and enhanced our digital presence over the last several years. We greatly appreciate her contributions to Hudson."

Mr. Marquez continued, "We are delighted that Stephen has agreed to step into this important role and help accelerate our strategic transformation, building on the significant progress we've made as we work to deliver consistent, strong value to our customers and shareholders. Stephen brings exceptional financial and operational acumen from his 30-year career, and in particular his eight years at Adecco. He has a proven track record of helping improve the growth and profitability of complex global operations, and a reputation as an adept collaborator and effective team leader. His experience and expertise will be invaluable as we continue to execute our plan to become a world-class global provider of talent solutions."

Ms. Raymond said, "Over the past seven years I am proud to have helped the Company improve its operations and gain efficiencies across Hudson's global platform. I've enjoyed working closely with Manolo and everyone at Hudson. With the company poised for its next stage of growth, it is now an appropriate time for me to pursue other opportunities."

"I am excited to join the talented team at Hudson," said Mr. Nolan. "Manolo has established a strong culture of performance at Hudson and has the company on the right track toward sustainable, strong performance. This is an exciting time at Hudson, and I intend to help build on that foundation and deliver enhanced value for clients and shareholders in the near and long-term."

Mr. Nolan has more than 30 years of experience in finance, operations and strategic planning. From 2004 to 2012 he served as CFO at Adecco Group North America, a $5 billion division of the global workforce solutions company, Adecco S.A. At Adecco, Mr. Nolan transformed the back office, improving the effectiveness and realized significant efficiencies in the operations of the unit. He also successfully managed the integration of MPS, a public staffing company, and of LHH and DBM, to create the world's largest outplacement firm. Previously, Mr. Nolan served as CFO North America for DHL Global Forwarding, a $1.5 billion logistics company. Prior to that he served in a variety of finance and strategic development roles, including 15 years at Reckitt Benckiser Inc., a global household, health and personal care products company.


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