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On Assignment Expands And Realigns Management Resources In Line With Company's Recent And Continued Growth

Stocks in this article: ASGN

On Assignment, Inc. (NYSE: ASGN), a leading global provider of diversified professional staffing solutions, announced today that it has expanded and realigned its senior management team in response to the company’s recent and continued growth. Edward L. Pierce, 55, was named the company’s chief financial officer and executive vice president. Jim Brill assumed the roles of senior vice president, chief administrative officer and treasurer and is responsible for human resources, risk management, treasurer functions (including banking and cash management) and continues to assist with investor relations.

“As On Assignment continues to grow in terms of size and complexity, it is critical that we expand our existing management team and allocate resources into the roles that make the most sense for the current needs of the company,” said Peter Dameris, president and CEO of On Assignment. “Jim has done an incredible job as chief financial officer over the last five years and his efforts have helped the company go from $280 million to $1.5 billion in revenue. In his new role, Jim’s many years of experience as a commercial banker will be invaluable as we aggressively move to maximize our cash generation, pay down debt and enhance our capitalization. In addition, as more demands are made on my time, I need a trusted leader to handle administration.”

Dameris continued, “I have known and worked with Ed for over 18 years and together we have purchased and integrated over 80 acquisitions. He has a deep understanding of staffing and technology gained from his leadership roles at Metamor Worldwide, where he was instrumental in helping me execute our strategic plans, BindView Development and, most recently On Assignment. As a result of his past CFO experience at Metamor and his service on our board of directors over the last four years, our auditors and many of our analysts, bankers and investors are already very familiar with him. In connection with Ed’s resignation from the board of directors and appointment to CFO, we have also elected Marty R. Kittrell as an independent director and chairman of the audit committee.”

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