CHICAGO, Jan 22, 2010 /PRNewswire via COMTEX News Network/ — Manpower Inc., a world leader in employment services, announced today that Manpower Inc. Chairman and CEO Jeff Joerres has been appointed by the Board of Governors of the Federal Reserve System to the Federal Reserve Bank of Chicago board through 2011.
“We are delighted to welcome Jeff Joerres to the board during this crucial time for the economy and the nation’s monetary policy,” said Charles L. Evans President and Chief Executive Officer of the Chicago Fed. “Manpower’s research into employment outlook coupled with Jeff’s insights about world labor markets will be tremendous assets as we navigate the economic recovery.”
Board directors are selected to represent a cross-section of the Seventh District economy, including consumers, industry, agriculture, the service sector, labor and commercial banks of various sizes. The Board has nine members. Seventh District banks that are members of the Fed System elect three bankers and three non-bankers. The Federal Reserve Board of Governors appoints three additional non-bankers and designates the board’s chair and deputy chair from among its three appointees.
Joerres replaces John A. Canning, Jr., Chairman of Madison Dearborn Partners in Chicago, Illinois.
About Manpower Inc.
Manpower Inc. (NYSE: MAN) is a world leader in the employment services industry; creating and delivering services that enable its clients to win in the changing world of work. With over 60 years’ experience, the $22 billion company offers employers a range of services for the entire employment and business cycle including permanent, temporary and contract recruitment; employee assessment and selection; training; outplacement; outsourcing and consulting. Manpower’s worldwide network of 4,100 offices in 82 countries and territories enables the company to meet the needs of its 400,000 clients per year, including small and medium size enterprises in all industry sectors, as well as the world’s largest multinational corporations. The focus of Manpower’s work is on raising productivity through improved quality, efficiency and cost-reduction across their total workforce, enabling clients to concentrate on their core business activities. Manpower Inc. operates under five brands: Manpower, Manpower Professional, Elan, Jefferson Wells and Right Management. More information on Manpower Inc. is available at http://www.manpower.com.
About the Federal Reserve Bank of Chicago
The Federal Reserve Bank of Chicago is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up the nation’s central bank. The Chicago Reserve Bank serves the Seventh Federal Reserve District, which encompasses the northern portions of Illinois and Indiana, southern Wisconsin, the Lower Peninsula of Michigan, and the state of Iowa. In addition to participation in the formulation of monetary policy, each Reserve Bank supervises member banks and bank holding companies, provides financial services to depository institutions and the U.S. government, and monitors economic conditions in its District.