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ADMINISTAFF NAMES HOWARD G. BUFF VICE PRESIDENT
OF BENEFITS AND CORPORATE HUMAN RESOURCES
HOUSTON, TX July 30, 2001
Administaff, Inc. (NYSE: ASF), the nation's leading Professional
Employer Organization (PEO), today announced that Howard G. Buff
has joined the company as vice president of benefits and corporate
human resources.
In his new role, Buff will be responsible for
the administration of all benefit plans covering both corporate
and worksite employees, including the company's health and welfare
plans, workers' compensation insurance plan, short and long-term
disability insurance plans, 401(k) plan and employee assistance
programs. He will also oversee Administaff's corporate human resources
functions, including personnel administration, employee compensation
and employee relations. Buff will report to Richard G. Rawson, executive
vice president of administration and chief financial officer.
"Howard brings a wealth of relevant experience
that will benefit small business clients, employees and Administaff,"
said Rawson. "His knowledge of the PEO and human resources outsourcing
industry combined with his ability to manage profitable, fast-growing
business segments will be a great fit for Administaff's high-growth
environment."
Prior to joining Administaff, Buff spent 15
years at Paychex, Inc., a payroll and human resource services company,
where he gained experience in product operations, new business strategies,
sales, and PEO and human resources outsourcing management. Buff
received top field honors during his tenure and rose quickly to
the senior management level. Most recently, he served as president
of Paychex Agency, Inc. and director of product management and operations
for the Human Resource Services and PEO division.
Buff attended Rochester Institute of Technology
and currently holds professional insurance licenses for life, health,
annuities, property and casualty in over 40 states. He is a member
of the Society for Human Resource Management.
Administaff is a leading personnel management
company that serves as a full-service human resources department
for small and medium-sized businesses throughout the United States.
With 2000 revenues of $3.7 billion, Administaff ranks number 448
on the Fortune 500 list. In addition, Administaff is included on
Fortune's list of "America's Most Admired Companies," on the Forbes
Platinum 400 list of the best big companies in America and on the
InformationWeek 500 list of leading information technology innovators.
Administaff's Personnel Management System includes
employment administration, benefits management, government compliance,
recruiting and selection, employer liability management, training
and development, performance management and owner support. These
core services are complemented by an eBusiness strategy that includes
Administaff Assistant®, an eService platform that provides clients
and worksite employees with information and resources to help maximize
the benefit of their Administaff services; and bizzportSM
marketplace, an eCommerce portal that features value-added products
and services from best-of-class providers such as American Express,
AT&T, Bank One, Continental Airlines, Dell, IBM and Spiegel.
Administaff has 35 sales offices in 19 major
markets. For additional information, visit the Administaff'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) changes in general economic conditions;
(ii) regulatory and tax developments; (iii) changes in Administaff's
direct costs and operating expenses; (iv) the estimated costs and
effectiveness of capital projects and investments in technology
and infrastructure; (v) Administaff's ability to effectively implement
its eBusiness strategy; (vi) the effectiveness of Administaff's
sales and marketing efforts, including the company's marketing arrangements
with other companies; and (vii) changes in the competitive environments
in the PEO industry. These factors are described in further detail
in Administaff's filings with the Securities and Exchange Commission.)
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