Management Recruiters International Announces new CEO
William T. Olson III Assumes Title from Allen Salikof
Windsor, 17 May 2005—Management Recruiters International, Inc. (MRI), the world's largest search and recruitment organisation, has announced the appointment of William T. Olson III as its new president, effective immediately. Olson, 47, will report directly to Allen Salikof, 62, who has served as president and chief executive officer of MRI since 1998. Earlier this year Salikof announced his plans to retire at the end of 2005 after nearly 30 years with the company.
Mr. Salikof commented, "Bill has a proven track record in leading organisations with the same entrepreneurial culture that characterises MRI, and I am confident that he will be a strong leader who will successfully guide the company through the challenges and opportunities of our dynamically growing economy."
"I look forward to the opportunity to build upon MRI's history of success and expand its great brand into new areas of growth," Mr. Olson said. "The management team that Allen has assembled is extremely capable and experienced, and together we can lead MRI forward in its exciting future."
Prior to joining MRI, Mr. Olson served as executive vice president of MemberWorks, Inc. and held a number of additional executive positions at well-known international companies, including president, Americas, at Dunlop/Maxfli Corporation, chief executive officer and president at Gold Coast Beverage Distributors, as well as vice president of sales and then chief executive officer and president of Guinness Brewing North America.
Roger H. Ballou, president, chief executive officer and director of CDI Corp., parent company of MRI, said, "We thank Allen for his exceptional leadership of MRI, We have the utmost confidence in Bill's ability to lead the company and to continue to provide both CDI and MRI clients with an unsurpassed global network of recruitment professionals."
Olson currently resides in Greenwich CT with his wife, Cheryl, and their children.
About Management Recruiters International
Management Recruiters International, Inc. (www.MRInetwork.com), trading as MRINetwork, is one of the world's largest search and recruitment organisations with more than 1,100 offices in over 35 countries and systemwide billings of nearly $500 million. Management Recruiters International, Inc. is a subsidiary of staffing and outsourcing leader CDI Corp. (NYSE: CDI), a global provider of engineering and information technology outsource solutions and professional staffing (www.cdicorp.com).
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