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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 EST
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 -6.65% 54.44 Delayed Quote.-4.74%
PEARSON PLC 3.24% 579.6 Delayed Quote.-11.87%
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Financials (EUR)
Sales 2019 23 424 M
EBIT 2019 1 041 M
Net income 2019 661 M
Debt 2019 898 M
Yield 2019 4,47%
P/E ratio 2019 13,0x
P/E ratio 2020 12,6x
EV / Sales2019 0,39x
EV / Sales2020 0,38x
Capitalization 8 313 M
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Technical analysis trends ADECCO GROUP AG
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 59,53  €
Last Close Price 51,19  €
Spread / Highest target 37,2%
Spread / Average Target 16,3%
Spread / Lowest Target -21,5%
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
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