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Kelly Announces Completion of CFO Transition, Participation in Sidoti Virtual Investor Conference

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Kelly (KELYA) announced the completion of its CFO transition, with Troy Anderson, who joined in October 2024, succeeding Olivier Thirot effective December 2, 2024. Thirot will continue serving as a strategic advisor after retiring as an officer. Anderson expressed commitment to accelerating growth, expanding EBITDA margins, and creating shareholder value. The company also announced its participation in the Sidoti Virtual Investor Conference on December 4, 2024, where executives will conduct one-on-one meetings.

Kelly (KELYA) ha annunciato il completamento della transizione del suo CFO, con Troy Anderson, che è entrato in carica nell'ottobre 2024, che succede a Olivier Thirot, a partire dal 2 dicembre 2024. Thirot continuerà a servire come consulente strategico dopo il suo pensionamento come dirigente. Anderson ha espresso il suo impegno ad accelerare la crescita, ad ampliare i margini di EBITDA e a creare valore per gli azionisti. L'azienda ha anche annunciato la sua partecipazione alla Sidoti Virtual Investor Conference del 4 dicembre 2024, dove i dirigenti condurranno incontri individuali.

Kelly (KELYA) anunció la finalización de la transición de su CFO, con Troy Anderson, quien se unió en octubre de 2024, sucediendo a Olivier Thirot a partir del 2 de diciembre de 2024. Thirot continuará actuando como asesor estratégico tras su jubilación como directivo. Anderson expresó su compromiso de acelerar el crecimiento, ampliar los márgenes de EBITDA y crear valor para los accionistas. La empresa también anunció su participación en la Sidoti Virtual Investor Conference el 4 de diciembre de 2024, donde los ejecutivos realizarán reuniones uno a uno.

Kelly (KELYA)는 CFO 전환이 완료되었음을 발표했으며, Troy Anderson가 2024년 10월에 합류하여 Olivier Thirot를 2024년 12월 2일자로 후계하게 됩니다. Thirot는 퇴직 후 전략 고문으로 계속 활동할 예정입니다. Anderson은 성장 가속화, EBITDA 마진 확대 및 주주 가치를 창출하겠다는 의지를 표명했습니다. 회사는 또한 2024년 12월 4일에 열리는 Sidoti Virtual Investor Conference에 참가할 것이라고 발표했으며, 이 자리에서 임원들이 일대일 미팅을 진행할 것입니다.

Kelly (KELYA) a annoncé l'achèvement de la transition de son directeur financier, Troy Anderson, qui a rejoint l'entreprise en octobre 2024, succédant à Olivier Thirot à compter du 2 décembre 2024. Thirot continuera à servir en tant que conseiller stratégique après avoir pris sa retraite en tant qu'agent. Anderson a exprimé son engagement à accélérer la croissance, à élargir les marges EBITDA et à créer de la valeur pour les actionnaires. L'entreprise a également annoncé sa participation à la Sidoti Virtual Investor Conference le 4 décembre 2024, où les dirigeants effectueront des réunions individuelles.

Kelly (KELYA) gab die Vollziehung seines CFO-Übergangs bekannt, wobei Troy Anderson, der im Oktober 2024 kam, Olivier Thirot nachfolgt, ab dem 2. Dezember 2024. Thirot wird nach seinem Rücktritt als Offizier weiterhin als strategischer Berater tätig sein. Anderson äußerte sein Engagement, das Wachstum zu beschleunigen, die EBITDA-Margen zu erweitern und den Aktionärswert zu steigern. Das Unternehmen gab außerdem seine Teilnahme an der Sidoti Virtual Investor Conference am 4. Dezember 2024 bekannt, bei der die Führungskräfte Einzelgespräche führen werden.

Positive
  • Smooth executive transition with overlap period ensuring continuity
  • New CFO's focus on organic and inorganic growth strategies
  • Commitment to EBITDA margin expansion
Negative
  • None.

TROY, Mich., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Kelly (Nasdaq: KELYA, KELYB), a leading global specialty talent solutions provider, today announced the completion of its previously announced CFO transition. Troy Anderson, who joined Kelly in October 2024, will succeed Olivier Thirot as the Company’s chief financial officer, effective December 2, 2024. Thirot will retire as an officer of Kelly, while continuing to serve the Company as a strategic advisor.

“I’m grateful to serve as Kelly’s chief financial officer at this consequential point on the Company’s specialty growth journey,” said Anderson. “My experience since joining Kelly has reinforced for me the opportunity that exists to build upon the strong foundation established through the Company’s ongoing transformation and to further enhance its financial profile. I look forward to working with the Kelly team to accelerate organic and inorganic growth, deliver additional EBITDA margin expansion, and create significant value for our shareholders.”

Kelly also announced that it will participate in the Sidoti Virtual Investor Conference on December 4, 2024. Peter Quigley, president and chief executive officer, Anderson, and Scott Thomas, head of investor relations, will participate in one-on-one meetings. Kelly’s investor presentation is available on the Company’s website.

About Kelly®

Kelly Services, Inc. (Nasdaq: KELYA, KELYB) helps companies recruit and manage skilled workers and helps job seekers find great work. Since inventing the staffing industry in 1946, we have become experts in the many industries and local and global markets we serve. With a network of suppliers and partners around the world, we connect more than 500,000 people with work every year. Our suite of outsourcing and consulting services ensures companies have the people they need, when and where they are needed most. Headquartered in Troy, Michigan, we empower businesses and individuals to access limitless opportunities in industries such as science, engineering, technology, education, manufacturing, retail, finance, and energy. Revenue in 2023 was $4.8 billion. Learn more at kellyservices.com.

Forward-Looking Statements

This release contains statements that are forward looking in nature and, accordingly, are subject to risks and uncertainties. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about Kelly’s financial expectations, are forward-looking statements. Factors that could cause actual results to differ materially from those contained in this release include, but are not limited to, (i) changing market and economic conditions, (ii) disruption in the labor market and weakened demand for human capital resulting from technological advances, loss of large corporate customers and government contractor requirements, (iii) the impact of laws and regulations (including federal, state and international tax laws), (iv) unexpected changes in claim trends on workers’ compensation, unemployment, disability and medical benefit plans, (v) litigation and other legal liabilities (including tax liabilities) in excess of our estimates, (vi) our ability to achieve our business’s anticipated growth strategies, (vi) our future business development, results of operations and financial condition, (vii) damage to our brands, (viii) dependency on third parties for the execution of critical functions, (ix) conducting business in foreign countries, including foreign currency fluctuations, (x) availability of temporary workers with appropriate skills required by customers, (xi) cyberattacks or other breaches of network or information technology security, and (xii) other risks, uncertainties and factors discussed in this release and in the Company’s filings with the Securities and Exchange Commission. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. All information provided in this press release is as of the date of this press release and we undertake no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company’s expectations.

KLYA-FIN

ANALYST & MEDIA CONTACT:
Scott Thomas
(248) 251-7264    
scott.thomas@kellyservices.com


FAQ

When will Troy Anderson become Kelly's (KELYA) new CFO?

Troy Anderson will become Kelly's CFO effective December 2, 2024.

Who is replacing Olivier Thirot as Kelly's (KELYA) CFO?

Troy Anderson, who joined Kelly in October 2024, is replacing Olivier Thirot as CFO.

When is Kelly (KELYA) participating in the Sidoti Virtual Investor Conference?

Kelly will participate in the Sidoti Virtual Investor Conference on December 4, 2024.

What will Olivier Thirot's role be after stepping down as Kelly's (KELYA) CFO?

After retiring as an officer, Olivier Thirot will continue serving Kelly as a strategic advisor.

Kelly Services Inc

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Staffing & Employment Services
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