UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 11, 2014
MANPOWERGROUP INC.
(Exact name of registrant as specified in its charter)
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Wisconsin
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1-10686
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39-1672779
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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100 Manpower Place
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Milwaukee, Wisconsin
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53212
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(Address of principal executive offices)
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(Zip Code)
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Registrant's telephone number, including area code: (414) 961-1000
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 5.02.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
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On February 11, 2014, Jeffrey Joerres notified the board of directors (the “Board”) of ManpowerGroup Inc. (the “Company”) that he will retire as Chief Executive Officer of the Company, effective May 1, 2014. Mr. Joerres will continue to serve on the Board.
On February 11, 2014, the Company issued a press release, announcing that effective May 1, 2014, Mr. Joerres will serve as Executive Chairman and Jonas Prising will serve as Chief Executive Officer of the Company. Mr. Prising is currently a President of the Company and the Company’s Executive Vice President for the Americas and Southern Europe. The press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
On February 11, 2014, the Company issued another press release, announcing the election of Darryl Green as President and Chief Operating Officer of the Company, effective May 1, 2014. Mr. Green is currently a President of the Company and the Company’s Executive Vice President for Asia Pacific Middle East and Northern Europe. The press release is attached hereto as Exhibit 99.2 and incorporated herein by reference.
The information required by Items 401(b) and 401(e) of Regulation S-K is incorporated herein by reference to the section of the Company’s annual report on Form 10-K for the year ended December 31, 2012 entitled “Executive Officers of ManpowerGroup.” There are no family relationships required to be disclosed pursuant to Item 401(d) of Regulation S-K or transactions with related persons required to be disclosed pursuant to Item 404(a) of Regulation S-K involving Mr. Joerres, Mr. Prising or Mr. Green.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
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99.1
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Press release dated February 11, 2014
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99.2
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Press release dated February 11, 2014
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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MANPOWERGROUP INC.
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Dated: February 11, 2014
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By:
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/s/ Richard Buchband
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Name:
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Richard Buchband
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Title:
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Senior Vice President, General Counsel and Secretary
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Exhibit Index
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99.1
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Press release dated February 11, 2014
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99.2 Press release dated February 11, 2014
Exhibit 99.1
| FOR IMMEDIATE RELEASE | Contact: | ||
| Annette Busateri | |||
| + 1 414.906.7490 | |||
| Annette.Busateri@manpowergroup.com |
Jonas Prising elected ManpowerGroup CEO;
Jeffrey Joerres named Executive Chairman both effective May 1, 2014
MILWAUKEE (11 FEBRUARY 2014) –ManpowerGroup (NYSE: MAN) today announced that its board of directors has elected Jonas Prising to serve as the company’s fourth chief executive officer (CEO) effective May 1, 2014, and has been nominated to join the board of directors. Prising is currently ManpowerGroup president and executive vice president for the Americas and Southern Europe. Joerres will assume the role of executive chairman upon Prising’s appointment.
“Jonas has successfully led several of ManpowerGroup’s key businesses over his fifteen years with the company. He started as the head our European sales organization and then built our business in Italy, which is now over $1B in revenue, while also leading the successful first global rebranding of our company. Most recently, Jonas has served as president and EVP of the Americas and Southern Europe, while leading our global Right Management and ManpowerGroup Solutions businesses,” said Joerres. “ManpowerGroup has a long tradition of internally developing our CEOs and I am proud that we have someone of Jonas’ caliber and expertise to lead the company. Jonas’ deep industry knowledge, client first approach and strategic vision will enable us to continue to grow ManpowerGroup and deliver world class results. Jonas is a true global citizen; a native of Sweden, he has lived in nine countries across Asia, Europe and North America and speaks five languages. ManpowerGroup will benefit not only from Jonas’ global perspective but his leadership and passion for our clients, our associates and our people.”
Ed Zore, lead director of ManpowerGroup’s board of directors, stated, “The board appreciates Jeff’s leadership in developing executive talent and managing a rigorous succession planning process. After careful consideration, the board strongly endorses and is confident that Prising is the right CEO to move the organization forward and we are pleased to see ManpowerGroup continue its legacy of internal succession.
“I am honored and proud to continue to build on the strong foundation that Jeff has established. His strategic vision, thought leadership, innovation, business acumen and personal leadership have firmly positioned ManpowerGroup as a global leader in our industry,” said Prising. “Our company and management team is the strongest it has ever been. I am confident that we will continue to deliver innovation and the results our shareholders, clients and candidates expect.”
Joerres became ManpowerGroup’s chief executive officer in 1999 and was named chairman of the board in 2001. During his tenure, Joerres transformed ManpowerGroup from an $8B temporary staffing company, operating in 50 countries with one brand, to a $20B+ global provider of innovative workforce solutions operating in 80 countries under three brands – Manpower, Experis and Right Management.
As executive chairman, Joerres will be actively involved in the business with particular focus on clients and external relationships.
About ManpowerGroup
ManpowerGroup™ (NYSE: MAN) is the world leader in innovative workforce solutions that ensure the talent sustainability of the world’s workforce for the good of companies, communities, countries, and individuals themselves. Specializing in solutions that help organizations achieve business agility and workforce flexibility, ManpowerGroup leverages its 65 years of world of work expertise to create the work models, design the people practices and access the talent sources its clients need for the future. From staffing, recruitment, workforce consulting, outsourcing and career management to assessment, training and development, ManpowerGroup delivers the talent to drive the innovation and productivity of organizations in a world where talentism is the dominant economic system. Every day, ManpowerGroup connects more than 630,000 people to work and builds their experience and employability through its relationships with 400,000 clients across 80 countries and territories. ManpowerGroup’s suite of solutions is offered through ManpowerGroup™ Solutions, Manpower®, Experis™ and Right Management®. ManpowerGroup was named one of the World’s Most Ethical Companies for the third consecutive year in 2013, confirming our position as the most trusted brand in the industry. See how ManpowerGroup makes powering the world of work humanly possible at www.manpowergroup.com. Follow ManpowerGroup Chairman and CEO Jeff Joerres on Twitter: Twitter.com/manpowergroupjj
Exhibit 99.2
| FOR IMMEDIATE RELEASE | Contact: | ||
| Annette Busateri | |||
| + 1 414.906.7490 | |||
| Annette.Busateri@manpowergroup.com |
ManpowerGroup Names Darryl Green ManpowerGroup’s First Chief Operating Officer and Ram Chandrashekar Executive Vice President
MILWAUKEE (11 FEBRUARY 2014) – ManpowerGroup (NYSE: MAN) announced today that Darryl Green has been promoted to ManpowerGroup’s president and chief operating officer (COO), reporting to Jonas Prising, who today was elected as ManpowerGroup’s chief executive officer (CEO). Both appointments are effective May 1, 2014. Green is currently president and executive vice president, Asia Pacific Middle East and Northern Europe. Sriram “Ram” Chandrashekar has also been promoted to executive vice president, effective immediately.
ManpowerGroup has appointed its first COO to ensure the continuance and acceleration of operational performance. As ManpowerGroup COO, Green will have responsibility for ManpowerGroup’s four regions – Americas, Asia Pacific Middle East, Southern and Northern Europe. “Darryl is a strong commercial business leader who will focus on driving growth with the disciplined execution needed to deliver world class performance,“ said Jeff Joerres, chairman and CEO of ManpowerGroup. “Darryl has an exceptional track record of consistently delivering results. This coupled with his deep knowledge of emerging markets and ability to craft sophisticated client solutions will greatly enhance ManpowerGroup’s performance and enable us to effectively deliver innovative workforce solutions to our clients.”
Sririam “Ram” Chandrashekar will take on the added responsibility of president, Asia Pacific Middle East, effective immediately. Chandrashekar is currently the senior vice president Operational Excellence and IT and was previously the COO for Asia Pacific Middle East. “Under Ram’s strong leadership we improved our operational performance in 2013 and delivered more value from our IT assets,” Joerres said. “Ram’s experience as COO, Asia Pacific Middle East, and working around the world to improve our operational performance, will allow him to smoothly transition into the added responsibilities of running the Asia Pacific Middle East Region while continuing to drive momentum in our operational and IT performance globally.”
“I look forward to working with Darryl and Ram and the entire ManpowerGroup leadership team in my new role as CEO,” said Jonas Prising. “We have an extraordinarily talented team who has worked together closely over the last years to improve our operational performance and we are well positioned for future success.”
About ManpowerGroup
ManpowerGroup™ (NYSE: MAN) is the world leader in innovative workforce solutions that ensure the talent sustainability of the world’s workforce for the good of companies, communities, countries, and individuals themselves. Specializing in solutions that help organizations achieve business agility and workforce flexibility, ManpowerGroup leverages its 65 years of world of work expertise to create the work models, design the people practices and access the talent sources its clients need for the future. From staffing, recruitment, workforce consulting, outsourcing and career management to assessment, training and development, ManpowerGroup delivers the talent to drive the innovation and productivity of organizations in a world where talentism is the dominant economic system. Every day, ManpowerGroup connects more than 630,000 people to work and builds their experience and employability through its relationships with 400,000 clients across 80 countries and territories. ManpowerGroup’s suite of solutions is offered through ManpowerGroup™ Solutions, Manpower®, Experis™ and Right Management®. ManpowerGroup was named one of the World’s Most Ethical Companies for the third consecutive year in 2013, confirming our position as the most trusted brand in the industry. See how ManpowerGroup makes powering the world of work humanly possible at www.manpowergroup.com. Follow ManpowerGroup Chairman and CEO Jeff Joerres on Twitter: Twitter.com/manpowergroupjj