PHILADELPHIA, Sept. 26 /PRNewswire-FirstCall/ -- CDI Corp. today announced that Michael W. Jalbert has been named President of its Management Recruiters International, Inc. (MRI) subsidiary, effective immediately. MRI is one of the world's largest executive search and recruitment organizations with 1,100 MRINetwork(TM) offices in over 35 countries.
Mr. Jalbert has extensive experience in leading business service franchises including senior positions at Cendant Corporation and ERA Europe where he was Vice Chairman & Partner. Most recently, he was CEO of MRI Worldwide Network Limited, MRI's international master franchisee in all countries except Japan and the U.S. William Olson, the former President of MRI, has left the company to pursue other opportunities.
"We are excited to welcome Michael to the CDI team and look forward to him leading the growth of the MRINetwork," said CDI President and Chief Executive Officer Roger H. Ballou. "His knowledge of the MRI system and his experience as a successful leader in the franchise arena will greatly enhance his ability to quickly implement our growth strategy for MRI."
Mr. Jalbert will be located at MRI's headquarter offices in Philadelphia.
Company Information
CDI Corp. is a leading provider of engineering and information technology outsourcing solutions and professional staffing. Its operating units include CDI Business Solutions, CDI AndersElite Limited, Todays Staffing, Inc. and Management Recruiters International, Inc. Visit CDI at http://www.cdicorp.com/.
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements that address expectations or projections about the future, including statements about the company's strategy for growth and future financial results, are forward-looking statements. Some forward-looking statements can be identified by words like "will" and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions that are difficult to predict. Because these forward-looking statements are based on estimates and assumptions that are subject to significant business, economic and competitive uncertainties, many of which are beyond our control or are subject to change, actual outcomes and results may differ materially from what is expressed or forecasted in these forward- looking statements. Important factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to: changes in general economic conditions and levels of spending by customers in the industries that the company serves; competitive market pressures; the availability of qualified labor; changes in customers' attitudes towards outsourcing; the company's level of success in attracting, training, and retaining qualified management personnel and other staff employees; the ability to pass on to customers increases in costs (such as those relating to workers' compensation or unemployment insurance or which may arise from regulatory requirements); the company's performance on customer contracts; the possibility of incurring liability for the company's activities, including the activities of its temporary employees; and government policies or judicial decisions adverse to the staffing industry. More detailed information about some of these risks and uncertainties may be found in filings by CDI Corp. with the SEC, particularly in "Risk Factors" in Part 1, Item 1A of the company's 2005 Form 10-K and Part II, Item 1A of the company's Form 10-Q for the quarter ended June 30, 2006. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The company assumes no obligation to update such statements, whether as a result of new information, future events or otherwise.
