ManpowerGroup appoints CFO and senior executive vice president
ManpowerGroup has appointed John "Jack" T. McGinnis as its executive vice president, chief financial officer, effective 15th February 2016. Michael Van Handel will retire from his role as CFO and become senior executive vice president, effective the same day.
McGinnis joins from Morgan Stanley where he was global controller responsible for financial accounting and controls, SEC and regulatory reporting, financial planning and analysis, and the finance function for their large U.S. Bank. McGinnis was previously CFO at HSBC North America Holdings Inc., and before that was Partner at Ernst & Young LLP.
Both McGinnis and Van Handel will report to Jonas Prising, chairman and CEO. He said, "I'm delighted to welcome Jack to the ManpowerGroup executive leadership team.
"He brings world-class financial, commercial, strategic and investor relations experience. He also has significant experience working with boards and audit committees across large, sophisticated, global platforms, and is the right cultural fit for ManpowerGroup. I have great confidence in Jack's capabilities and leadership and look forward to him continuing to strengthen our financial discipline and performance."
Van Handel joined ManpowerGroup in 1989 and has served as CFO since 1998. He will remain with the company at least through 2016 and in his new role will be responsible for investor relations and ensuring a successful CFO transition. He commented, "I feel very fortunate to have served in the role of CFO and to have had the opportunity to work with a world-class management team leading ManpowerGroup through such a successful journey. I'm looking forward to working with Jack and ensuring a smooth transition. I'm confident that with Jack's leadership and with the strength of our finance team, we'll continue the strong financial legacy of the company with a clear focus on creating shareholder value."
McGinnis said, "I'm thrilled to be joining ManpowerGroup at an exciting time as we continue our journey as the leading workforce solutions company. I'm looking forward to delivering world class results for both clients and candidates, finding work for millions of people every year, and doing that alongside the talented finance and management teams at ManpowerGroup."