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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Adecco Group AG    ADEN   CH0012138605

ADECCO GROUP AG

(ADEN)
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Adecco : appoints Pearson's Williams as CFO

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01/17/2020 | 05:09am EDT
Logo of Swiss Adecco Group is seen in Zurich

Swiss staffing firm Adecco Group on Friday said Pearson Plc Coram Williams would take over as chief financial officer from mid-2020.

Williams has been CFO since 2015 at Pearson, whose shares have plunged nearly 50% since early 2019.

At Adecco Group, he will succeed Hans Ploos van Amstel, who is leaving in June after almost five years.

"I am looking forward to .... building on the great work of Hans to further advance the group's transformation, harness the significant opportunities ahead to drive profitable growth, and deliver clear value for stakeholders," Williams said in a statement.

Adecco wished Ploos van Amstel well, saying he had helped improve the company's cost structure, adjust its portfolio and roll out digital offerings.

Williams' departure from Pearson was announced on Thursday alongside a profit warning that sent its shares to their lowest level in more than a decade.

It comes a month after CEO John Fallon said he would retire this year.

The British education group has been caught off guard by the speed of the switch from physical textbooks to digital products, resulting in a string of profit warnings.

Williams will be succeeded at Pearson by his deputy, Sally Johnson, Pearson said.

(Reporting by Michelle Martin in Berlin and Paul Sandle in London; Editing by Michael Shields and Jason Neely)

Stocks mentioned in the article
ChangeLast1st jan.
ADECCO GROUP AG -2.54% 35.37 Delayed Quote.-42.22%
PEARSON PLC -8.99% 481.7 Delayed Quote.-24.99%
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Financials (EUR)
Sales 2020 20 835 M
EBIT 2020 818 M
Net income 2020 463 M
Debt 2020 527 M
Yield 2020 6,76%
P/E ratio 2020 11,8x
P/E ratio 2021 9,54x
EV / Sales2020 0,29x
EV / Sales2021 0,27x
Capitalization 5 563 M
Chart ADECCO GROUP AG
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Adecco Group AG Technical Analysis Chart | ADEN | CH0012138605 | MarketScreener
Technical analysis trends ADECCO GROUP AG
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 48,99  €
Last Close Price 34,32  €
Spread / Highest target 86,5%
Spread / Average Target 42,8%
Spread / Lowest Target -17,0%
EPS Revisions
Managers
NameTitle
Rolf Hugo Dörig Chairman
Hans Ploos van Amstel Chief Financial Officer
Ralf Weissbeck Group Chief Information Officer
David Norman Prince Independent Non-Executive Director
Alexander Gut Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
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MANPOWERGROUP INC.-42.99%3 109
PERSOL HOLDINGS CO.,LTD.-1.99%2 332
GROUPE CRIT-32.07%577