ManpowerGroup Executive Chairman Jeffrey A. Joerres to Retire At End of Year After 22 Years
ManpowerGroup has announced that Jeffrey A. Joerres will retire as Executive Chairman and from the Board of Directors, effective December 30, 2015. Mr. Joerres will be succeeded by ManpowerGroup's CEO Jonas Prising who takes on the additional position of Chairman of the Board, effective December 31, 2015.
Mr. Joerres, 55, joined ManpowerGroup in 1993. He has served as Chairman of the Board since 2001 and was CEO from April 1, 1999 until May 1, 2014. During his tenure, Joerres transformed ManpowerGroup from an $8B temporary staffing company, operating in 50 countries with one brand, to a $20B global provider of innovative workforce solutions operating in 80 countries under four brands - Manpower, Experis, ManpowerGroup Solutions and Right Management.
"Jeff's impressive contributions to ManpowerGroup span more than three decades. In his 15 years as CEO he drove the expansion of the company with his client first approach and strategic vision," said Prising. "Jeff has inspired and developed strong leaders across this business and his passion and energy for people and for creating opportunities has truly changed lives and instilled pride in this organization. Jeff is a recognized thought leader in the world of work and his deep industry knowledge and labor market expertise have had a significant impact on our company, our industry and labor markets around the world."
Ed Zore, lead director of ManpowerGroup's Board of Directors stated, "The Board appreciates Jeff's stewardship in building an enterprise with such a strong culture that delivers innovation and results to clients, candidates and shareholders. We wish him every success in his retirement. We also congratulate Jonas Prising on his expanded role and are confident that as both CEO and Chairman he will continue to lead the organization forward with the vision and energy he has demonstrated so clearly in his more than 15 years with ManpowerGroup."
Mr. Prising, 50, became ManpowerGroup's fourth CEO when he took office on May 1, 2014.