CALABASAS, Calif., Jan. 4 /PRNewswire-FirstCall/ -- On Assignment, Inc. announced today that Ron Rudolph, its Executive Vice President and Chief Financial Officer will retire at the end of this month and will be succeeded by Mike Holtzman who is currently the Company's Senior Vice President, Finance. On Assignment will continue to benefit from Mr. Rudolph's experience and knowledge under a one-year, renewable consulting arrangement commencing February 1, 2005. Mr. Rudolph's advisory services will mainly focus on strategic planning and investor relations.
Peter T. Dameris, Chief Executive Officer and President stated, "On behalf of our Board of Directors and employees, I would like to thank Ron for his commitment and contributions to the Company throughout his tenure. We look forward to continuing to benefit from Ron's talents and judgment. On Assignment is very fortunate to be able to appoint Mike Holtzman, a seasoned and talented executive, as Chief Financial Officer. Mike has been at the Company for nearly three years and has been extensively involved in all planning, financial analysis, budgeting, financial reporting, accounting, treasury and risk management functions at the Company. We look forward to Mike's talents now also being applied to investor relations."
Mr. Rudolph said, "It has been a privilege to be associated with On Assignment's employees, shareholders and Board of Directors for nearly 10 years. During my tenure, the Company has evolved into a diversified staffing firm for the healthcare and science markets. I look forward to assisting the Company as it continues to build on the revenue growth experienced under the Revitalization Plan started ten months ago. I personally recruited Mike Holtzman, and after working with him for nearly three years, I am confident that I am leaving the financial stewardship of the Company in very capable hands."
Mr. Rudolph joined On Assignment as Vice President, Finance and CFO in 1995 and was promoted to Executive Vice President and CFO in 2000. Prior to joining On Assignment, Inc. he was the Vice President - Finance and Chief Financial Officer for Retix from 1987 through 1994 and a member of the Board of Directors from 1993 through 1994.
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 has extensive financial, operational and management experience at large, established corporations as well as start-up companies. From January 1996 through December 2001, Mr. Holtzman served as Chief Financial Officer of OnlineLearning.net, a privately-held online provider of continuing education that was acquired in 2001 by one of its investors, Laureate Education, Inc. (then known as Sylvan Learning Systems).
Prior to joining OnlineLearning.net, Mr. Holtzman worked as Chief Financial Officer of Times Mirror Multimedia from September 1994 through December 1995, was National Treasury Manager at Toyota Motor Credit Corporation for five years and worked in the Treasury Department at ARCO for three years. Prior to attending business school, Mr. Holtzman also worked as an audit and tax senior accountant at Deloitte Haskins + Sells in Pittsburgh, Pennsylvania from 1981 through 1984.
Mr. Holtzman received a Masters of Business Administration degree from Harvard Graduate School of Business Administration in 1986 and a Bachelor of Science in Business Administration from Duquesne University in 1981. He is also a Certified Public Accountant.
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.
(Logo: http://www.newscom.com/cgi-bin/prnh/20041022/LAF035LOGO)
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20041022/LAF035LOGOAP Archive: http://photoarchive.ap.org/PRN Photo Desk, photodesk@prnewswire.comOn Assignment, Inc.CONTACT: Ronald W. Rudolph, EVP, Finance and Chief Financial Officer,+1-818-878-7900, or Deirdre Skolfield, CFA, Director, Investor Relations,dskolfield@onassignment.com, both of On Assignment, Inc.
Web site: http://www.onassignment.com/
