TMP President, COO Jim Treacy Steps Down

  • Tweet  
  • LinkedIn  
  • Facebook  
  • Google plus  
  • Send to Kindle
  • Send to  

Monster's parent company loses its No. 2 executive, who wants a shot at being Chief Monster elsewhere.

Human-resources company TMP Worldwide , the parent of online jobs site Monster, announced the resignation of its president and COO, Jim Treacy, who is leaving to explore chief executive opportunities elsewhere.

Treacy's exit was nudged along by TMP's decision in June to extend the contract of chairman and CEO Andrew McKelvey until May 2005. McKelvey founded TMP and owns about 18 percent of its outstanding shares.

"I realized it was time for me to move on, and Andy supported my decision," Treacy said in a statement, noting that his own ambitions to lead a company were not possible at TMP.

The company said Treacy would remain with the company until a successor is found, which it expects will be done by the end of the year. He will also retain his seat on the company's board of directors.

The announcement of Treacy's departure coincided with TMP's second-quarter earnings report, which showed the company continuing to struggle in a sluggish economy that's put a damper of companies' hiring plans. While meeting analyst expectations, TMP said tough times would continue, cutting its forecasts for the third quarter and full year.

"We continue to be challenged by the 'jobless recovery' and its impact on our businesses," McKelvey said in a statement. The company reported that several units, including Monster, performed below expectations.

Treacy leaves after eight years at the company. TMP credited him with helping lead the acquisition of Monster in 1995. He was named president and COO in November 2001.

Related articles
  • Tweet  
  • LinkedIn  
  • Facebook  
  • Google plus  
  • Send to Kindle
  • Send to  
Visitor comments
Add comments
blog comments powered by Disqus
Upcoming Events & Webinars
event logo

ClickZ Live San Francisco

Location: San Francisco, USA

Educating marketers for over 15 years, ClickZ Live (formerly SES Conference & Expo) is the most cutting-edge, all-encompassing digital marketing event series in the world today. Join us August 10-12 as we return to San Francisco with our action-packed, educationally-focused agenda that will cover th

event logo

ClickZ Live Singapore 2015

Location: Singapore, Singapore

At ClickZ Live Singapore you'll learn how to engage customers and increase ROI through effective use of digital marketing. Join the leaders of today's online marketing & advertising industry!

event logo

ClickZ Live Bangkok 2015

Location: Bangkok, Thailand

At ClickZ Live Bangkok you'll learn how to engage customers and increase ROI through effective use of digital marketing. Join the leaders of today's online marketing & advertising industry!

Resources