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Hudson Highland Group, Inc. (Nasdaq: HHGP), the US permanent and temporary staffing specialists have announced that Christine Raynaud, Hudson/Europe President and CEO, is leaving the company and that Hudson Chairman and CEO Jon Chait will assume leadership responsibility for the companyââ‚¬â„¢s European operations on an interim basis, effective immediately.
Jon Chait said in a statement "Christine made significant contributions to our business during her tenure here and we wish her all the best in her future endeavours. We expect to reach an amicable separation agreement with her."
Hudson Highland Group employs nearly 2,500 professionals serving clients and candidates in more than 20 countries worldwide. Hudson Europe is the company's largest segment year to date, generating roughly 40% of total revenues and 49% of gross profit, respectively, so the unit is obviously a crucial component for Hudson overall.