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| Administaff Elects Dr. Eli Jones to Board of Directors |
HOUSTON, April 19 /PRNewswire-FirstCall/ -- Administaff, Inc. (NYSE: ASF), the nation's leading Professional Employer Organization (PEO), today announced the election of Professor Eli Jones to its board of directors. Jones is an associate professor of marketing and executive director of the Program for Excellence in Selling at the University of Houston. He received his BS degree in journalism in 1982, his MBA in 1986 and his Ph.D. in 1997 from Texas A&M University. Prior to becoming a professor, Dr. Jones worked in sales and sales management for Quaker Oats, Nabisco and Frito-Lay. "Eli Jones will be a strong addition to the Administaff board of directors," said Paul J. Sarvadi, Administaff chairman and chief executive officer. "His broad-based expertise in sales and marketing is a perfect fit with Administaff's aggressive growth strategy." Jones teaches at the undergraduate, MBA and Ph.D. levels and has won teaching excellence awards at the national/international, university, college and department levels. He has been published in the Journal of Personal Selling & Sales Management, Marketing Education Review, the Journal of Business Research, the Journal of Marketing Theory and Practice, Industrial Marketing Management, the Journal of Business-to-Business Marketing, the Journal of Business & Industrial Marketing and numerous international, national and regional conference proceedings. He is also the co-author of the textbook, "Selling ASAP: Art, Science, Agility and Performance." Jones serves on the editorial review boards of the Journal of Personal Selling & Sales Management and Industrial Marketing Management and is an ad hoc reviewer for the Journal of Business Research, American Marketing Association, the Academy of Marketing Science and the National Conference in Sales Management. He also serves on the University of Akron's Fisher Sales Institute's advisory board, the academic advisory committee for the Direct Selling Education Foundation in Washington, D.C. and is a national vice chair for the American Marketing Association's Sales and Sales Management Special Interest Group, co-editor of the Sales Professional Network and the academic research director for the Institute for Certified Sales Professionals. With the addition of Dr. Jones, Administaff's board is comprised of eight members, including six independent directors. Jones will serve on the board's Nominating and Corporate Governance Committee and the Compensation Committee. Administaff is a leading personnel management company that serves as a full-service human resources department for small and medium-sized businesses throughout the United States. The company operates 38 sales offices in 21 major markets. For additional information, visit Administaff's Web site at www.administaff.com . (Note: The statements contained in this press release that are not historical facts are forward-looking statements that involve a number of risks and uncertainties. Therefore, the actual results of future events described in such forward-looking statements could differ materially from those stated in such forward-looking statements. Among the factors that could cause actual results to differ materially are: (i) changes in general economic conditions; (ii) regulatory and tax developments, including possible adverse application of various federal, state and local regulations; (iii) changes in Administaff's direct costs and operating expenses, including, but not limited to, increases in health insurance and workers' compensation premiums and underlying claims trends, state unemployment tax rates, liabilities for employee and client actions or payroll-related claims, changes in the costs of expanding into new markets, and failure to manage growth of Administaff's operations; (iv) the estimated costs and effectiveness of capital projects and investments in technology and infrastructure; (v) the effectiveness of Administaff's sales and marketing efforts, including the company's marketing arrangements with other companies; (vi) the effectiveness of Administaff's retirement services operation; (vii) changes in the competitive environment in the Professional Employer Organization industry; (viii) Administaff's liability for worksite employee payroll and benefits costs; and (ix) an adverse final judgment or settlement of claims against Administaff. These factors are described in further detail in Administaff's filings with the Securities and Exchange Commission.) SOURCE Administaff, Inc.
CONTACT: investor relations, Douglas S. Sharp, Vice President and Chief |