December 20, 2016 – ManpowerGroup has named Michael Stull as senior vice president for Manpower North America. He will lead the Manpower brand within the company’s North America operation, effective immediately.
Kip Wright, former SVP Manpower North America will be leaving ManpowerGroup at the end of December. Mr. Wright led the Manpower brand for two years and previously led the ManpowerGroup Solutions business after joining the organization as part of the Comsys acquisition in 2010.
Mr. Stull has led global marketing across 80 countries and all brands for the last five years. He has played a lead role in leveraging technology solutions and third party relationships to enhance and modernize the experience for candidates and clients. His experience prior to ManpowerGroup includes strategic, financial, technology and large-scale implementation expertise from organizations including Accenture and financial institutions.
“Michael has been instrumental in helping to drive a digital transformation in North America,” said Darryl Green, president and chief operating officer, ManpowerGroup. “His drive to develop the digital experience that enables a higher value relationship with candidates, clients and associates, will create an even more effective ManpowerGroup. I am excited about Michael bringing his passion to lead the Manpower brand into the future in North America.”
“Helping people become more employable, develop relevant skills and build careers while connecting business with right-skilled talent has never been more important,” said Mr. Stull. “This industry and the world of work is changing faster than we’ve seen in our almost seventy year history, and I’m looking forward to leading the talented Manpower team that can make a difference to thousands of people’s lives.”
Earlier this year, ManpowerGroup announced that Jeffrey A. Joerres was retiring as executive chairman. He joined ManpowerGroup in 1993 and served as chairman of the board since 2001. He served as CEO from 1999 until 2014.
ManpowerGroup signed a purchase agreement with Ciber, Inc., a global information technology consulting, services and outsourcing company, to acquire its Dutch business. Transaction terms include a $25 million cash purchase price. The transaction strengthens ManpowerGroup’s IT recruiting capabilities in the Netherlands, complementing the organic growth of its Experis brand.
“This acquisition will further accelerate our strategy of shifting our business mix towards higher value professional services in the Netherlands,” said Jilko Andringa, ManpowerGroup Northern Europe president. He said that rapid technological advances mean that IT professionals are more in-demand than ever. “This move allows us to broaden our offerings and bring even more IT talent to our clients so they can achieve their business objectives in this rapidly changing competitive environment.”
In addition, ManpowerGroup Solutions, part of ManpowerGroup, recently formed a new partnership with PeopleTicker, a provider of real-time labor market rate data and analytics. Through this partnership, ManpowerGroup Solutions will leverage PeopleTicker’s ability to analyze and compare salary information with bill and pay rate data to provide market intelligence that improves benchmarking, enabling clients to achieve accelerated cost optimization across their entire workforce.
“We are continuously innovating and looking for new ways to leverage HR analytics to provide local market expertise on a global scale,” said Jamiel Saliba, vice president and general manager of TAPFIN Global, a ManpowerGroup Solutions’ Managed Service Provider. “PeopleTicker’s global data integrates seamlessly with our industry-leading market intelligence to not only accelerate cost savings but ensure our clients have access to the information they need to make better and more competitive decisions when pricing talent.”
The company is also said to have held high level acquisition discussions with executive search and culture shaping company Heidrick & Struggles, which has a current market capitalization of $450 million. ManpowerGroup’s market cap stands at $6.1 billion.
Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media