Monster Worldwide Expands Role of John McLaughlin with Added Responsibility Overseeing Asia Pacific Business Operations
NEW YORK--(BUSINESS WIRE)--Dec. 3, 2004--Monster Worldwide, Inc. (NASDAQ:MNST), the parent company of the leading global online careers property, Monster(R), today announced that Executive Vice President John McLaughlin will assume the additional responsibility of overseeing all of the company's business operations in the Asia Pacific region.
A 19-year veteran of Monster Worldwide and predecessor companies, Mr. McLaughlin will direct the overall management and performance of the company's Monster business operations in Hong Kong, India and Singapore and its continued expansion in the region. He also will oversee the business operations of the company's TMP Worldwide Advertising & Communications (AdComms) division in Australia, Hong Kong, Malaysia, New Zealand and Singapore. Mr. McLaughlin will continue to report directly to Monster Worldwide Chairman and Chief Executive Officer Andrew J. McKelvey.
"During his many years with us, John has demonstrated an especially deep knowledge and keen business instincts about the Asia Pacific region, amassing an impressive track record of achievements while overseeing TMP Worldwide's various Asia Pacific Operations," said Mr. McKelvey. "Because the Asia Pacific region is so ripe with opportunity, we are committed to continued future expansion in key markets there, and I can think of no one better suited to lead our company-wide efforts in that increasingly vital part of the world moving forward."
Mr. McLaughlin has held numerous positions throughout his long tenure with Monster Worldwide. These include serving as Group President, Americas and as the former Global Director, Search and Selection, a division the company spun off as a separate entity in March of 2003. Prior to joining Monster Worldwide, Mr. McLaughlin was Managing Director of the New York office of TASA Worldwide and also served as Chairman of the Strategy Committee for the Board of Directors of TASA. Mr. McLaughlin began his career in the banking industry in South Africa and later moved to London. He has spent considerable time in the Asia Pacific region, having lived there several times during his career.
"Recognizing the vast business opportunities that exist for Monster Worldwide in India, Hong Kong, Singapore, Australia and other Asia Pacific countries, I look forward to spearheading our continued strategic growth and expansion in the region," said Mr. McLaughlin. "Our Monster and AdComms divisions are well positioned to continue capturing market share in this rapidly growing part of the world, and I am committed to helping both divisions further elevate their brands and competitive positions in existing, as well as new markets."
About Monster Worldwide
Founded in 1967, Monster Worldwide, Inc. is the parent company of Monster(R), the leading global online careers property. The company also owns TMP Worldwide, the world's largest Yellow Pages advertising agency and one of the world's largest Recruitment Advertising agency networks. TMP Worldwide is also a provider of direct marketing services. Headquartered in New York with approximately 5,000 employees in 26 countries, Monster Worldwide (NASDAQ: MNST - News) is a member of the S&P 500 Index. More information about Monster Worldwide is available at www.monsterworldwide.com.
Celebrating its 10-year anniversary, Monster is the leading global online careers property. A division of Monster Worldwide (NASDAQ: MNST), Monster works for everyone by connecting quality job seekers at all levels with leading employers across all industries. Founded in 1994 and headquartered in Maynard, Mass., Monster has 25 local language and content sites in 23 countries worldwide. Monster is the official online career management services sponsor of the 2004 U.S. Olympic Team. More information is available at www.monster.com or by calling 1-800-MONSTER. To learn more about Monster's industry-leading employer products and services, please visit http://recruiter.monster.com.
Special Note: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties, including statements regarding Monster Worldwide, Inc.'s strategic direction, prospects and future results. Certain factors, including factors outside of Monster Worldwide's control, may cause actual results to differ materially from those contained in the forward- looking statements, including economic and other conditions in the markets in which Monster Worldwide operates, risks associated with acquisitions, competition, seasonality and the other risks discussed in Monster Worldwide's Form 10-K and other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.
David Rosa, 212-351-7067
Christian Harper, 212-445-8135