- Push-out Score determined
- After less than two and a half years in the position
- Praise, thanks and good wishes for Corona
- Peter W. Quigley taking over
- Corona spoke at length and said 131 words
(exechange) — Troy, Michigan, August 6, 2019 — George Corona, chief executive of Kelly Services, leaves. As announced by Kelly Services Inc. in a news release and in a regulatory filing published on Tuesday, August 6, 2019, George S. Corona leaves his post as Chief Executive Officer at the office staffing company after less than two and a half years in the role, effective September 30, 2019.
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 7.4 years, according to data compiled by exechange. Only 24 percent of the CEOs who departed over the past 12 months left their position within three years.
George Corona’s duties as CEO will be taken over by Peter W. Quigley, currently Executive Vice President of Kelly Services, Inc.
“Planned retirement”
George Corona’s departure from the CEO post is explained as follows. Kelly Services said that Peter W. Quigley “will replace George Corona who announced his intention to step down as President and CEO effective September 30, 2019 as part of his planned retirement.”
Precise information regarding George Corona’s future plans was not immediately available.
“Retire”
Kelly Services said: “On August 5, 2019, George S. Corona advised the Board of Directors (the “Board”) of Kelly Services, Inc. (the “Company”) of his intention to retire from his role as President and Chief Executive Officer (“CEO”) effective as of September 30, 2019.”
Share price increase since January 2019
The announcement follows an increase in Kelly Services, Inc.’s share price of 30% since January 2019.
Chaired by Donald R. Parfet
Kelly Services, Inc. is chaired by Donald R. Parfet.
In the position of CEO since 2017
George Corona became CEO of the Company in May 2017.
Corona will serve as a non-executive employee of the company, in a transition and advisory capacity, until his retirement in early 2020.
He will remain a member of the Board.
George Corona was named President and Chief Executive Officer of Kelly Services in May 2017, after more than 20 years of experience in a variety of executive roles, including eight years as Executive Vice President and Chief Operating Officer.
Prior to joining Kelly in 1994, Corona held management roles at Digital Equipment Professional Services Group and Burroughs Corporation.
Corona also serves on the boards of several not-for-profit organizations.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
exechange reached out to Kelly Services and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 32.2019 ($).