ADMINISTAFF ANNOUNCES MANAGEMENT CHANGES
- New Development Team to focus on eCommerce,
technology solutions, and enterprise-wide initiatives
- Douglas Sharp named vice president of finance
and controller
HOUSTON Feb. 18, 2000 Administaff,
Inc. (NYSE: ASF), a leading Professional Employer Organization (PEO),
today announced the formation of the Development Team, an operating
group that will be responsible for the companys eCommerce
development, technology solutions, and new enterprise-wide initiatives.
The new group is comprised of two existing departments eCommerce
Development and Technology Solutions and the addition of
a new department, Enterprise Project Management.
"Our new Development Team will facilitate
our pursuit of new initiatives and innovations that will keep Administaff
at the forefront of the business services sector," said Paul
J. Sarvadi, Administaff president and chief executive officer. "Organizing
in this fashion will improve our speed to market on new products
and services, and will enhance the development of enterprise-wide
initiatives at the lowest possible cost."
The Development Team will include the following:
- eCommerce Development, an existing department
headed by Vice President Randall H. McCollum, will continue to
develop relationships with best-of-class providers of products
and services to small businesses;
- Technology Solutions, a new department headed
by Vice President David C. Dickson, will plan, develop, implement
and manage technology solutions. Dickson also will continue to
serve as the companys chief technology officer.
- Enterprise Project Management, a new department
headed by Vice President Samuel G. Larson, will coordinate the
selection, prioritization and implementation of enterprise-wide
improvements and new initiatives. Larson formerly served as the
companys vice president of finance and controller.
Concurrent with Larsons new role, Administaff
announced that Douglas S. Sharp has joined the company as vice president
of finance and controller.
"Doug Sharp brings a wealth of valuable
experience to our financial team," said Richard G. Rawson,
Administaffs executive vice president of administration and
chief financial officer. "He also has extensive knowledge and
understanding of high-growth business ventures, which makes him
a perfect fit with our organization."
Before joining Administaff, Sharp was chief
financial officer of Rimkus Consulting Group, Inc. and IISYS, Inc.,
a national forensic engineering firm and software company. Previously,
he served as controller of Fifth Generation Systems, Inc. Sharp
began his career in public accounting with Ernst and Young, L.L.P.
in Houston. He earned a bachelors degree in accounting from
Louisiana State University and is a certified public accountant.
Administaff also announced the retirement of
James E. Wilkes as vice president of corporate human resources.
A search to fill that position is underway.
With 1999 revenues of $2.3 billion, Administaff
is a leading provider of personnel management services for small
and medium-sized businesses throughout the United States. The companys
comprehensive Personnel Management System includes employment administration,
benefits management, government compliance, recruiting and selection,
employer liability management, training and development, performance
management and owner support. Administaff ranks number 765 on the
Fortune 1000 list and is included for the second consecutive year
on Fortunes list of "Americas Most Admired Companies."
The company also ranks number 83 on the InformationWeek 500 list
of leading information technology innovators. Administaff currently
has 25 sales offices in 15 major markets. For additional information,
visit the company's web site at www.administaff.com.
(Note: The statements contained in this press
release that are not historical facts are forward-looking statements
that involve a number of risks and uncertainties. Therefore, the
actual results of future events described in such forward-looking
statements could differ materially from those stated in such forward-looking
statements. Among the factors that could cause actual results to
differ materially are: (i) regulatory and tax developments; (ii)
changes in Administaffs direct costs and operating expenses;
(iii) the effectiveness of Administaffs sales and marketing
efforts, including its marketing agreement with American Express,
American Express ability to set qualified appointments and
Administaffs ability to convert those appointments into sales;
(iv) the estimated costs and effectiveness of capital projects and
investments in technology and infrastructure; (v) Administaffs
ability to effectively implement its eBusiness strategy, including
identifying and reaching agreements with strategic alliance partners,
timely rollout of and attraction of clients and worksite employees
to its eCommerce portal, effective generation of revenues from eBusiness
initiatives and unanticipated development costs of eBusiness initiatives;
and (vi) changes in the competitive environments in the PEO industry.
These factors are described in further detail in Administaffs
filings with the Securities and Exchange Commission.)
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