Appointment Effective Upon Expiration of Manuel "Manolo" Marquez's Contract on May 12, 2015
NEW YORK, April 16, 2015 (GLOBE NEWSWIRE) -- Hudson Global, Inc. (Nasdaq:HSON), a leading global talent solutions company, today announced that Stephen Nolan has been appointed chief executive officer. Mr. Nolan, who currently serves as executive vice president and chief financial officer, will succeed Manuel "Manolo" Marquez upon the expiration of Mr. Marquez's contract on May 12, 2015, and he will continue as the chief financial officer until a successor is named. Mr. Marquez will also step down from the company's board of directors and David G. Offensend, Hudson's lead independent director, will become chairman of the board at that time.
Mr. Nolan joined Hudson in 2013. He is a seasoned executive with more than 30 years of management experience. Prior to Hudson, he served as CFO at Adecco North America from 2004 to 2012. Mr. Nolan also spent 15 years with Reckitt Benckiser and began his career with PricewaterhouseCoopers LLP.
"Since Stephen joined Hudson, he has been an integral member of the senior management team and has been influential in leading the review and restructuring of our operations to drive efficiencies and cost savings. He has proven that he has the financial and strategic experience and leadership skills to serve as our next CEO," said Mr. Offensend. "As the company continues to undergo its transformation, narrowing its focus and further strengthening its path to profitability, we have the utmost confidence that Stephen will drive performance and execution at Hudson and ensure we meet the needs of all our customers."
Offensend continued, "On behalf of the board, I want to thank Manolo for his dedication and commitment to our customers and employees over the past four years. During Manolo's tenure, Hudson rationalized its cost base, established a more efficient organizational model and implemented a focused investment strategy. There is still much work to be done, but it is clear that the company is better positioned for the future. We are grateful for Manolo's contributions, and we wish him all the best."
"I am honored to have been selected as the next CEO of Hudson," said Mr. Nolan. "I look forward to continuing to work alongside Hudson's strong senior leadership team and incredibly talented group of employees who are deeply committed to this company and the customers we serve. As we continue to pursue our growth and cost reduction objectives, I am confident that we have the right team, tools and services in place to continue meeting and exceeding our customers' expectations."
Hudson is a global talent solutions company with expertise in leadership and specialized recruitment, recruitment process outsourcing, talent management and contracting solutions. We help our clients and candidates succeed by leveraging our expertise, deep industry and market knowledge, and proprietary assessment tools and techniques. Operating in nearly 20 countries through relationships with millions of specialized professionals, we bring an unparalleled ability to match talent with opportunities by assessing, recruiting, developing and engaging the best and brightest people for our clients. We combine broad geographic presence, world-class talent solutions and a tailored, consultative approach to help businesses and professionals achieve higher performance and outstanding results. More information is available at Hudson.com.
CONTACT: David F. Kirby
Hudson Global, Inc.