CALABASAS, Calif., Dec. 11 /PRNewswire-FirstCall/ -- On Assignment, Inc. announced today that Michael Holtzman, its Senior Vice President and Chief Financial Officer resigned from his position on December 8, 2006 due to medical reasons. Mr. Holtzman had been on a medical leave of absence since October 30, 2006. Mr. Holtzman's decision to submit his resignation at this time was based on his desire to focus on his recovery and on the uncertainty of his availability to resume his former duties. The Board of Directors has authorized the Company to conduct a search for Mr. Holtzman's successor utilizing the services of a national recruiting firm.
Mr. Holtzman joined the company in May 2002 as Vice President, Finance and was promoted to Senior Vice President, Finance in February 2004. Mr. Holtzman became CFO in February 2005 succeeding retiring long-time CFO Ron Rudolph. Mr. Rudolph has maintained a continuous relationship with the Company since his retirement in 2005, initially as an independent consultant and more recently through his affiliation with Tatum, LLC, a national executive services and consulting firm where he is a partner. Mr. Rudolph will continue in his consulting capacity and will continue to work with Kristi Wolff, Vice President, Finance and Corporate Controller of the Company, as well as with other members of the finance and accounting organization while the Company conducts its CFO search.
Peter T. Dameris, Chief Executive Officer and President stated, "On behalf of our Board of Directors and our employees, I would like to thank Mike for his commitment and contributions to the Company throughout his tenure. All of us wish Mike the very best in his recovery. Because of the depth of our finance and accounting group, we are well positioned to continue to manage the financial affairs of our business during this transition period."
About On Assignment
On Assignment, Inc. is a diversified professional staffing firm providing flexible and permanent staffing solutions in specialty skills including Laboratory/Scientific, Healthcare, and Medical, Financial & Health Information Services. The corporate headquarters are located in Calabasas, California. On Assignment, Inc. was founded in 1985 as On Assignment/Lab Support and went public in 1992. The company's branch network encompasses approximately 60 branch offices across the United States, the United Kingdom, the Netherlands, and Belgium. On Assignment, Inc.'s common stock is traded on the Nasdaq Stock Market under the symbol ASGN.
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