Westaff, Inc. (NASDAQ:WSTF), today announced its board has elected Company President and CEO Michael T. Willis chairman. The vote, which took place June 29, was confirmed by the board this week. Willis assumes the responsibilities of chairman immediately, taking over the role from Westaff Founder W. Robert Stover, who resigned his tenure as chairman June 29. �The company acknowledges and appreciates Mr. Stover�s nearly 60 years of dedication to Westaff. As the founder and former CEO and chairman of Westaff, he is one of our industry�s great pioneers,� commented Willis. With more than 35 years of industry experience, Willis is one of the leaders in consolidation of the staffing industry, having participated in the acquisition and integration of more than 70 companies during his career. His work at industry-leading firms such as Talent Tree, COREStaff and COMSYS is acknowledged industry-wide as integral to developing the contingent staffing model. Willis� notable achievements include founding the first national staffing company to be fully computerized; pioneering industry-standard concepts like vendor on premise (VOP) and vendor management services (VMS); and being the first industry executive to invest in information technology staffing services. In addition to these achievements, Willis holds several board memberships in the staffing and financial industries. Willis became involved with Westaff in February 2007 when he, together with H.I.G. Capital LLC, through its affiliates, acquired 8,262,696 shares, or approximately 49.7%, of Westaff common stock. He was named president and CEO in May 2007. About Westaff Westaff provides staffing services and employment opportunities for businesses in global markets, servicing more than 15,000 client accounts from more than 230 offices located throughout the United States, the United Kingdom, Australia and New Zealand. Westaff provides client companies with 125,000 temporary and permanent placement employees annually in the areas of administration, call centers and light industry. For more information, please visit www.westaff.com. This press release contains forward-looking statements as defined in the Securities Exchange Act of 1934, and is subject to the safe harbors created by law. Forward-looking statements contained herein include, but are not limited to, statements regarding the Company's future growth, profitability, expansion in key markets and new business segments and the Company's ability to achieve any of these goals. Forward-looking statements are based on the beliefs and assumptions of the Company's management and on currently available information. The Company undertakes no responsibility to publicly update or revise any forward-looking statement. Additional information concerning the risks and uncertainties listed above, and other factors you may wish to consider, is contained in the Company's filings with the Securities and Exchange Commission, including the Company's most recent Form 10-K, Form 10-Q, Form 8-K and other filings.
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