Swiss-based Adecco, the world's biggest temporary staffing group, said on Thursday that both its chief executive and finance chief have quit, as it posted strong first-quarter earnings on the back of improving sales in Europe.



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Top execs quit Adecco amid improved results
Photo: AFP
Top execs quit Adecco amid improved results

Published: 07 May 2015 14:08 GMT+02:00
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Swiss-based Adecco, the world's biggest temporary staffing group, said on Thursday that both its chief executive and finance chief have quit, as it posted strong first-quarter earnings on the back of improving sales in Europe.

    Temporary staffing on the rise in Switzerland (23 Mar 15)
    Adecco reports higher profits for 2014 (11 Mar 15)
    Adecco earnings fall short of expectations (06 Nov 14)

In a surprise announcement, Adecco said its CEO Patrick De Maeseneire would be leaving at the end of August and would be replaced by Alain Dehaze, a Belgian national who currently leads the company's operations in its key
market France.
   
The Zurich-based company also announced that its chief financial officer Dominik de Daniel had decided to leave at the end of July, and that his successor was yet to be determined.
 
Adecco's board thanked both men for their "outstanding contribution" to the company, but gave no explanations for their departures.
   
"The fact that the board decided for an internal successor stands for continuity," chairman of the board Rolf Doerig said in a statement of the decision to hand the reins to Dehaze, who joined Adecco in 2009.
   
Thursday's shake-up announcement cast a shadow over Adecco's stellar earnings, which showed a 45-percent jump in net profit in the first quarter to €160 million ($182 million).