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Vedior NV (0J9M)


Thursday 12 July, 2007

Vedior NV

Directorate Change

Vedior NV
12 July 2007

Amsterdam, The Netherlands

                         Tex Gunning new CEO at Vedior
                     For release at 8.00am on 12 July 2007

Vedior announces the proposal to appoint Tex Gunning as a member of the Board of
Management and CEO at a General Meeting of Shareholders to be convened in
September 2007.

Tex Gunning is currently employed by Unilever as Group Vice President South East
Asia and Australasia. In his current position, Mr Gunning is responsible for a
fast growing portfolio of businesses with a total turnover of US$ 4 billion. He
has held various positions at Unilever since 1983. His extensive knowledge and
international experience in a business-to-business environment combined with a
passion for trends in retail markets, fit in perfectly with the business
operations of Vedior. Above all, Mr Gunning is a people manager, who sees it as
his primary role to develop leaders at all levels of the organization. Louis
Willem (Tex) Gunning, born in 1950, has Dutch nationality. He studied economics
in Rotterdam.

Willy Angenent, Chairman of the Supervisory Board said, 'We are delighted to
propose Tex Gunning as the new CEO of Vedior, because of his proven leadership
in an international environment and his understanding of cultural differences.
His first priority will be the fourth quarter 2007 and 2008 performance. We
furthermore expect Tex Gunning to lead Vedior successfully into the next phase
of development. Together with a strong management team the new CEO will develop
an ambitious plan for Vedior to further strengthen its position in the fast
growing recruitment industry. Profitable growth is the keyword for Vedior, being
one of the leading international providers of full-service recruitment.'

As already published on 27 April 2007, Vedior decided, after careful
consideration, to look for an external candidate to succeed Mr Miles. It will be
proposed to appoint Tex Gunning for a four year term. His remuneration will be
in line with the Company's remuneration policy. His annual base salary will
amount to EUR 750,000 gross. An exceptional one-off amount of EUR 400,000 gross
will be paid to him for the loss of existing long term incentive rights and an
amount of EUR 100,000 gross will be paid to him as compensation for the costs of
relocation to the Netherlands. Mr Gunning's annual bonus and long term incentive
arrangements will be in conformity with the current policy for members of the
Board of Management.

The resignation of Zach Miles as Chairman of the Board of Management was also
announced in April 2007. Mr Miles has been a member of the Board of Management
of Vedior since 1999, and Chairman since February 2004. Given the strong
improvement in the Group's operating performance, Mr Miles and the Supervisory
Board consider this an ideal moment to hand over to his successor. Zach Miles
has been the driving force behind the streamlining of the Vedior operations,
consolidating the Company's finances and improving profitability. Before joining
Vedior, Mr Miles was CFO and a member of the Board of Directors of Select. His
career in the recruitment industry began in 1988. Mr Miles will continue in an
advisory role.

Company Profile:

Vedior is one of the world's largest recruitment companies and is a full-service
recruitment provider with a diversified portfolio of brands targeting a broad
range of industry sectors.

From its global network of offices spanning Europe, North America, Australasia,
Asia, South America and Africa, Vedior offers temporary and permanent
recruitment as well as a number of complementary employment-related services
such as outplacement, HR outsourcing, payrolling and training.

Vedior has a leading market position in the provision of professional/executive
recruitment in sectors such as information technology, healthcare, accounting,
engineering and education. We also have a significant global network providing
administrative/secretarial and light industrial recruitment.

For further information, please contact:

Jelle Miedema                                                 +31 (0)20 573 5609

                      This information is provided by RNS
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