ASGN CEO Peter Dameris leaves

  • After almost 15 years in the position
  • Praise for Dameris
  • Ted Hanson taking over
  • Dameris said 104 words

(exechange) — Calabasas, California, April 24, 2019 — Peter Dameris, chief executive of ASGN, leaves. As announced by ASGN Inc. in a news release and in a regulatory filing published on Wednesday, April 24, 2019, Peter T. Dameris leaves his post as chief executive officer at the provider of temporary workers to technology and health-care companies after almost 15 years in the role, effective April 30, 2019.

It is the end of an era.

Among the 3,000 largest publicly held companies incorporated in the U.S. based on market capitalization, the average tenure of the CEOs who departed over the past 12 months was 7.7 years, according to data compiled by exechange. Only 29 percent of the CEOs who departed over the past 12 months left the position after more than 10 years.

Peter Dameris’s duties will be taken over by Theodore S. (Ted) Hanson, currently president of ASGN Incorporated.

Compelling reason

Peter Dameris’s imminent departure from the CEO post is explained as follows. ASGN said: “Mr. Dameris told the Company his youngest son, who has been battling acute myeloid leukemia for over a year, will require additional medical treatment. After a successful stem cell transplant in August 2018, Mr. Dameris’ son’s leukemia has returned, and the family is currently assisting their son with aggressive medical treatment.”

“Step down”

ASGN said: “Chief Executive Officer, Peter T. Dameris, advised the Board of Directors that he will step down from his role as CEO of the Company effective April 30, 2019.”

ASGN further said: “Peter T. Dameris has advised the Company’s Board of Directors … that he will step down from his role as Chief Executive Officer of the Company effective April 30, 2019.”

Share price increase since September 2004

The announcement follows an increase in ASGN Incorporated’s share price of 1431 percent since September 2004.

Chaired by Jeremy M. Jones

ASGN Incorporated is chaired by Jeremy M. Jones.

Jones has served as the Chairman of the Board since February 2003. Jones has been an investor and business development consultant since February 1998.

In the position of CEO since 2004

Peter T. Dameris has been the Chief Executive Officer of On Assignment, Inc. since September 28, 2004.

Dameris is the Company’s Chief Executive Officer, and is responsible for overseeing ASGN’s growth as a leading provider of staffing services in the technology, creative, health care technology and life sciences sectors.

He joined ASGN in 2003, and has held several roles as Executive Vice President and Chief Operating Officer and then President.

Prior to joining ASGN, from February 2001 through October 2002, Dameris served as executive vice president and chief operating officer of Quanta Services, Inc., a publicly-held provider of specialized contracting services for the electric and gas utility, cable and telecommunications industries.

Dameris created a regional operating organization for 85 acquired businesses and developed materials to support marketing and a national corporate image to support outsourcing initiatives.

He further established cash generation, credit management and balance sheet improvement initiatives.

From 1994 through 2000, Dameris served in a number of different positions at Metamor Worldwide, Inc., then an international, publicly-traded information technology consulting/staffing company.

Dameris’ positions at Metamor Worldwide included chairman of the board, president and chief executive officer, executive vice president, general counsel, senior vice president and secretary.

Dameris negotiated the $1.9 billion sale of Metamor to PSINet.

Dameris started his career as a corporate attorney and clerked for the Honorable Federal District Judge George Cire of the Southern District of Texas.

Dameris was named the Ernst & Young Entrepreneur of the Year in 2012, and Staffing Industry Analysts has included him on their Staffing 100 list since its inception in 2011 until they inducted him in their Hall of Fame last year.

Dameris received his juris doctor degree from the University of Texas Law School and his bachelor of science degree in business administration from Southern Methodist University.

Push-out Score not determined

When a company convincingly explains that the departure is due to personal or business reasons that are unrelated to the firm’s activities, a Push-out Score™ is not determined.

Read the full story in the exechange report 17.2019 ($).