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Vera Calasan, the CEO of ManpowerGroup Germany, has resigned surprisingly from her post and the staffing firm is now looking for a replacement by May. German newspaper Wirtschaftswoche broke the news on Thursday afternoon.
ManpowerGroup confirmed the unexpected management change. Ms Calasan is no longer working as CEO and has been demoted to country manager. The firm’s president of Northern European operations, Hans Leentjes, is temporarily filling in for Ms Calasan.
The former CEO will continue working for the company until May and will then leave the staffing company altogether. Officially it has been said that Ms Calasan wants to explore different opportunities, but sources claim that the company’s financial performance may be the real reasons behind her departure.
The firm last month said it was on guard for “potential disruption” in all markets, particularly in Europe where it derives two-thirds of its sales, after revenues slipped in the fourth quarter. In Germany, ManpowerGroup’s revenue fell -6% although peers in the German market saw a similar deterioration in performance.
Ms Calasan first joined the company in October 2009, having previously worked for German competitor Amadeus FiRe. Born in Montenegro, she is a graduate student of the University of Chicago where she obtained an MBA.