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ZURICH, Switzerland (AP) - Swiss staffing company Adecco SA said Chief Executive Jerome Caille would leave immediately, to be replaced by co-founder Klaus J. Jacobs, who will take full control of the company.
Jacobs will become, as well as interim CEO, sole chairman of Adecco as co-founder and co-chairman Philippe Foriel-Destezet steps down. Foriel-Destezet will also sell most of his Adecco stake to Jacobs and his family, who will then become the company's largest single shareholder.
The sweeping management and shareholder changes Tuesday — decided at the company's recent board meeting following a series of disappointing quarterly results — were welcomed by both investors and analysts.
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