Hudson Global Appoints Mimi Drake as Chair of the Board

Rhea-AI Summary

Hudson Global (NASDAQ: HSON) has appointed Mimi Drake as Chair of its Board of Directors, effective January 1, 2022. Drake, a board member since February 2019, brings significant experience from the financial services sector and has been an advocate for diversity and inclusion. CEO Jeff Eberwein expressed confidence in Drake's leadership, which focuses on enhancing value for clients, employees, and shareholders. Hudson Global continues to provide comprehensive talent solutions globally, aligning with clients' strategic growth initiatives.

Positive

• Appointment of Mimi Drake as Chair of the Board may enhance leadership effectiveness.
• Drake's experience in financial services could bring valuable insights to the board.
• Focus on workplace diversity and inclusion may improve company culture and client relations.

Negative

• Potential concerns about continuity and experience gaps due to new leadership.

OLD GREENWICH, Conn., Jan. 06, 2022 (GLOBE NEWSWIRE) -- Hudson Global, Inc. (“the Company”) (NASDAQ: HSON), a leading total talent solutions provider, announced today the appointment of Mimi Drake as Chair of its Board of Directors (the “Board”), effective January 1, 2022.

Ms. Drake has served as a director of the Company’s Board since February 2019 and has chaired its Nominating and Governance Committee since May 2019.

“Hudson Global shareholders will be well-served with Mimi chairing the Board,” said Jeff Eberwein, CEO and director of Hudson Global. “Her experience as an executive in the financial services sector and her passion for improving workplace diversity and inclusion as a founding board member and former board chair of 100 Women in Finance make her well positioned to chair the Company’s Board on behalf of shareholders.”

Ms. Drake added, “I am excited to chair Hudson Global’s Board and look forward to continue collaborating with the Board and management team to add value for clients, employees, and shareholders.”

About Hudson RPO
Hudson Global, Inc. is a leading global total talent solutions provider operating under the brand name Hudson RPO. We deliver innovative, customized recruitment outsourcing and total talent solutions to organizations worldwide. Through our consultative approach, we develop tailored talent solutions designed to meet our clients’ strategic growth initiatives. As a trusted advisor, we meet our commitments, deliver quality and value, and strive to exceed expectations.

For more information, please visit us at hudsonrpo.com or contact us at ir@hudsonrpo.com.

Investor Relations:
The Equity Group
Lena Cati
212 836-9611 / lcati@equityny.com

Forward-Looking Statements

This press release contains statements that the company believes to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release, including statements regarding the company's future financial condition, results of operations, business operations and business prospects, are forward-looking statements. Words such as “anticipate,” "estimate," "expect," "project," "intend," "plan," "predict," "believe" and similar words, expressions and variations of these words and expressions are intended to identify forward-looking statements. All forward-looking statements are subject to important factors, risks, uncertainties, and assumptions, including industry and economic conditions that could cause actual results to differ materially from those described in the forward-looking statements. Such factors, risks, uncertainties and assumptions include, but are not limited to, global economic fluctuations; the adverse impacts of the recent coronavirus, or COVID-19 outbreak; the Company’s ability to successfully achieve its strategic initiatives; risks related to potential acquisitions or dispositions of businesses by the Company; the Company’s ability to retain and recruit qualified management and/or advisors; the Company’s ability to operate successfully as a company focused on its RPO business; risks related to fluctuations in the Company's operating results from quarter to quarter; the loss of or material reduction in our business with any of the Company’s largest customers; the ability of clients to terminate their relationship with the Company at any time; competition in the Company's markets; the negative cash flows and operating losses that may recur in the future; risks relating to how future credit facilities may affect or restrict our operating flexibility; risks associated with the Company's investment strategy; risks related to international operations, including foreign currency fluctuations, political events, natural disasters or health crises, including the ongoing COVID-19 outbreak; the Company's dependence on key management personnel; the Company's ability to attract and retain highly skilled professionals; the Company's ability to collect accounts receivable; the Company’s ability to maintain costs at an acceptable level; the Company's heavy reliance on information systems and the impact of potentially losing or failing to develop technology; risks related to providing uninterrupted service to clients; the Company's exposure to employment-related claims from clients, employers and regulatory authorities, current and former employees in connection with the Company’s business reorganization initiatives, and limits on related insurance coverage; the Company’s ability to utilize net operating loss carry-forwards; volatility of the Company's stock price; the impact of government regulations; and restrictions imposed by blocking arrangements. Additional information concerning these, and other factors is contained in the Company's filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date of this document. The Company assumes no obligation, and expressly disclaims any obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.

FAQ

Who is the new Chair of Hudson Global's Board of Directors?

Mimi Drake has been appointed as the new Chair of Hudson Global's Board, effective January 1, 2022.

What experience does Mimi Drake bring to Hudson Global?

Mimi Drake has significant experience in the financial services sector and has served on Hudson Global's Board since 2019.

How could Mimi Drake's appointment impact Hudson Global investors?

Drake's leadership may enhance company direction and governance, potentially benefiting investors.