Westaff Announces New Appointments to Senior Management
11 Juni 2008 - 9:30PM
Business Wire
Westaff, Inc. (NASDAQ:WSTF), a leading provider of staffing
services, announced today that Stephen J. Russo and Christa Leonard
have agreed to join Westaff as chief operating officer and chief
financial officer, respectively. Both Russo and Leonard are
returning to Westaff after departing the company in 2006 to assume
senior management positions with Prudential California Realty, as
COO and CFO respectively. According to Westaff CEO and Chairman,
Michael T. Willis, with the improving economy, the company is
poised to enter a phase of accelerated growth. Regarding the
appointments, he commented, �Steve and Christa not only have strong
ties to the company and our community, they are industry veterans
with extensive experience in operations and finance, as well as
mergers & acquisitions.� He continued, �We believe that the
industry could be moving towards the next phase of consolidation.
We sought out this duo as the best candidates to help prepare the
company to expedite our long-term plan.� Steve Russo has over 22
years of senior management experience with 15 years in the staffing
industry. During his career, he has served Westaff in two different
positions, as vice president, finance from 1991-1995, and as senior
vice president, field operations from 2004-2006, before joining
Prudential California Realty as COO. He holds a bachelor�s in
finance from Santa Clara University and currently resides in Walnut
Creek, Calif. Christa Leonard has more than two decades of senior
management and public accounting experience with major firms,
including KPMG Peat Marwick & Co. Prior to her position as CFO
of Prudential California Realty, she served as vice president,
finance and treasurer of Westaff for more than five years. She is a
CPA and earned her bachelor�s in business administration/accounting
from California State University, Hayward. She resides in the town
of Alamo, Calif. About Westaff Westaff provides staffing services
and employment opportunities for businesses in global markets.
Westaff annually employs in excess of 125,000 people and services
more than 20,000 client accounts from 179 offices located
throughout the United States, Australia and New Zealand. For more
information, please visit our Web site at www.westaff.com. This
press release contains forward-looking statements within the
meaning of�the U.S. securities laws. Forward-looking statements in
this release are generally identified by words such as �expects,�
�believes,� �will,� �should� and similar expressions that are
intended to identify forward-looking statements. You are cautioned
not to place undue reliance on these forward-looking statements,
which speak only as of the date hereof. All forward-looking
statements are qualified in their entirety by this cautionary
statement. Forward-looking statements contained herein include, but
are not limited to, statements regarding�(i) Westaff's expectation
that Mr. Russo will join Westaff as Chief Operating Officer and Ms.
Leonard will join Westaff as Chief Financial Officer; (ii)
Westaff's expectations regarding the company's growth prospects;
(iii) Westaff's expectations regarding industry consolidation; and
(iv) Westaff's expectations that Mr. Russo and Ms. Leonard will
help prepare the company to expedite its long-term plan. The
forward-looking statements contained herein involve a number of
assumptions, risks and uncertainties that could cause actual
results to differ materially from those expressed or implied by
these forward-looking statements. Many of these risks and
uncertainties cannot be controlled by the Company. These risks and
uncertainties include, but are not limited to: unanticipated
personnel developments; unanticipated delays in the effectiveness
of the appointments of Mr. Russo as Chief Operating Officer and Ms.
Leonard as Chief Financial Officer, respectively; an intensely
priced competitive market; our significant working capital needs
and our ability to borrow to meet those needs; our ability to
borrow under our credit facilities and our compliance with their
debt covenants; variability of the amount of collateral that we are
required to maintain to support our workers� compensation
obligation; the sufficiency of our workers� compensation claims
reserve; variability of employee-related costs, including workers�
compensation liabilities; possible adverse effects of fluctuations
in the general economy; our ability to collect on our accounts
receivable; risks related to franchise agent operations; risks
related to international operations and fluctuating exchange rates;
reliance on executive management and key personnel; our ability to
attract and retain the services of qualified temporary personnel;
the ability of our customers to terminate our service agreement on
short notice; variability of the cost of unemployment insurance for
our temporary employees; any difficulty with our information
technology system; government regulation; potential exposure to
employment-related claims; the volatility of the Company�s stock
price; increased regulatory compliance costs; and�litigation and
other claims. 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�Annual
Report on Form�10-K for the year ended November�3, 2007 and
Quarterly Report on Form 10-Q for the quarterly period ended April
19, 2008. 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 except as required
by applicable laws and regulations.
Westaff (NASDAQ:WSTF)
Historical Stock Chart
Von Nov 2024 bis Dez 2024
Westaff (NASDAQ:WSTF)
Historical Stock Chart
Von Dez 2023 bis Dez 2024
Echtzeit-Nachrichten über Westaff (MM) (NASDAQ): 0 Nachrichtenartikel
Weitere Westaff, Inc. News-Artikel