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Hudson names new CEO; separately, Command Center taps Hudson board member as its top exec

April 02, 2018

Hudson Global Inc. (NASD: HSON), an RPO-provider based in New York, appointed board chairman Jeffrey Eberwein as CEO effective Sunday after former top exec Stephen Nolan resigned. The chairman role will now be filled by Richard Coleman, Jr., who heads the board’s compensation committee. Separately, Coleman was named CEO at Colorado-based industrial staffing firm Command Center Inc. (OTCMKTS: CCNI).

Eberwein formerly served as CEO of Lone Star Value Management LLC, an investment firm he founded in 2013. Hudson added Eberwein to its board in 2014 to avoid a proxy contest with a shareholder’s group led by Lone Star Value Group.

Eberwein “has the strategic and financial experience and leadership skills to serve as our next CEO,” Coleman said. “As the company focuses on its global RPO business, we have confidence that Jeff will drive performance and execution at Hudson and ensure we continue Hudson’s legacy of exceptional customer service.”

Meanwhile, Coleman is taking the president and CEO role at Command Center; he will also serve on its board. Coleman succeeds Bubba Sandford, who stepped down to pursue other interests.

“Rick is a seasoned industry veteran who brings a wealth of experience and leadership in the public company executive suite,” said JD Smith, Command Center co-chairman. “Over the course of his 40-year career, he has executed strategic change and driven growth at various companies, including in the staffing industry. Given his strong and relevant background, we look forward to leveraging his expertise as we position Command Center for its next phase of growth. “

Sales complete

Hudson also announced the completion of the sales of its recruitment and talent management operations in Europe and Asia Pacific.

Hudson received total proceeds of $39.0 million in cash at closing, subject to post-closing adjustments, according to the company.

The transactions include:

  • Sale of Hudson’s recruitment and talent management operations in Benelux to Value Plus NV, in a management buyout led by Hudson Benelux CEO Ivan De Witte, for $24.8 million.
  • Sale of Hudson’s recruitment and talent management operations in the rest of Europe to Morgan Philips Group SA, for $7.7 million.
  • Sale of Hudson’s recruitment and talent management operations in Asia Pacific to Apache Group Holdings Pty. Ltd., in a management buyout led by Hudson Asia Pacific CEO Mark Steyn, for $6.4 million.

Going forward, the company plans to focus on its RPO business in the Americas, Asia Pacific, and EMEA.