Kelly Services names new CEO

08, August

Kelly Services Inc. (NASDAQ: KELYA) announced Peter Quigley will serve as its next president and CEO effective Oct. ...

Kelly Services Inc. (NASDAQ: KELYA) announced Peter Quigley will serve as its next president and CEO effective Oct. 1 after George Corona, who currently holds those roles, steps down as part of his planned retirement. Corona will serve as a nonexecutive employee of Kelly after Sept. 30 in a transition and advisory capacity until his retirement early next year. He will remain a board member.

“It has been a privilege to lead a company like Kelly that prides itself on its 73-year tradition of integrity, quality and service excellence,” Corona said. “The timing is right for me to act on my planned retirement and to pass the torch to a new CEO, who will continue to guide Kelly toward the full achievement of our strategy.”

Separately, Kelly Services announced second-quarter earnings today with revenue down 1.4%, or down 0.2% in constant currency; however, gross margin improved.

Corona took over the president and CEO role in May 2017 after more than 20 years at Kelly, including eight as executive VP and chief operating officer. Before he joined the company in 1994, Corona held management roles at Digital Equipment Professional Services Group and Burroughs Corp.

“George has been an exceptional leader since stepping into the role of CEO,” Chairman Donald Parfet said. “He’s helped us become a more focused company, make solid investments in technology and the future of work.”

Meanwhile, in addition to becoming president and CEO, Quigley will join Kelly’s board on Oct. 1.

“Peter Quigley is an outstanding leader and a 17-year veteran of the company,” Parfet said. “During his time here, he has managed or been responsible for a majority of operations and headquarters functions. He is one of the principal architects of Kelly’s current business strategy.”

Quigley will also serve as Kelly’s representative on the board of Persol Holdings, a publicly traded Japan-based staffing company. He will also serve as a board member of PersolKelly, a joint venture between Kelly and Persol that provides staffing in 12 countries in the Asia Pacific region. He is also second vice chair of the board of the American Staffing Association.

Source: Staffing Industry Analysts