Chris Layden will succeed Peter Quigley as CEO of Kelly, effective September 2, 2025.
Quiver AI Summary
Kelly Services, a global talent solutions provider, has appointed Chris Layden as its new president and CEO, effective September 2, 2025. Layden succeeds Peter Quigley, who is retiring but will remain as a strategic advisor and board member until May 2026. Layden brings a wealth of experience, having served as COO at Prolink, where he drove substantial growth and improvements in operational capabilities. His prior extensive tenure at ManpowerGroup included various senior roles and contributions to the company's growth. The board expressed confidence in Layden's ability to lead Kelly into its next strategic phase, while Quigley highlighted the progress made under his leadership in enhancing the company's profitability and efficiency. Further details about the leadership transition will be shared during Kelly's upcoming earnings conference call.
Potential Positives
- Chris Layden has been appointed as the new president and CEO, signaling a potential shift towards continued profitable growth and transformation under his leadership.
- Layden brings extensive experience in leading organizational transformations and executing successful go-to-market strategies, which could enhance Kelly's operational capabilities.
- The transition plan includes outgoing CEO Peter Quigley remaining as a strategic advisor, ensuring stability during the leadership change.
- Under Quigley's leadership, the company achieved significant profitability increases and enhanced its financial profile, establishing a strong foundation for Layden to build upon.
Potential Negatives
- The CEO transition may introduce uncertainty about the company's future direction, especially since the outgoing CEO, Peter Quigley, has been with the company for 22 years and has significantly contributed to its recent profitability.
- The mention of various risks and uncertainties, particularly regarding market conditions and reliance on large corporate customers, could raise concerns about the company's stability and growth prospects.
- The forward-looking statements about potential challenges, including technological disruptions and dependency on third parties, highlight vulnerabilities that could impact investor confidence.
FAQ
Who has been appointed as the new CEO of Kelly?
Chris Layden has been appointed as the new president and CEO of Kelly, effective September 2, 2025.
What position did Peter Quigley previously hold at Kelly?
Peter Quigley served as the president and CEO of Kelly before announcing his retirement.
What were Layden's prior roles before Kelly?
Chris Layden served as COO of Prolink and worked nearly two decades at ManpowerGroup in various senior roles.
What is the significance of Layden's appointment for Kelly?
Layden's appointment is anticipated to drive profitable growth and further the company's strategic evolution.
When will more details about the CEO transition be provided?
Additional details about the transition will be discussed during the earnings conference call on August 7, 2025.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$KELYA Insider Trading Activity
$KELYA insiders have traded $KELYA stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $KELYA stock by insiders over the last 6 months:
- TROY R ANDERSON (Executive Vice President, CFO) purchased 100 shares for an estimated $1,354
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$KELYA Hedge Fund Activity
We have seen 79 institutional investors add shares of $KELYA stock to their portfolio, and 101 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VANGUARD GROUP INC removed 621,676 shares (-24.7%) from their portfolio in Q1 2025, for an estimated $8,187,472
- ROYCE & ASSOCIATES LP added 451,590 shares (+inf%) to their portfolio in Q1 2025, for an estimated $5,947,440
- RENAISSANCE TECHNOLOGIES LLC removed 317,800 shares (-82.9%) from their portfolio in Q1 2025, for an estimated $4,185,426
- JANE STREET GROUP, LLC removed 257,948 shares (-42.8%) from their portfolio in Q1 2025, for an estimated $3,397,175
- DIMENSIONAL FUND ADVISORS LP removed 218,640 shares (-8.7%) from their portfolio in Q1 2025, for an estimated $2,879,488
- BOSTON PARTNERS added 172,903 shares (+9.2%) to their portfolio in Q1 2025, for an estimated $2,277,132
- BRIDGEWAY CAPITAL MANAGEMENT, LLC removed 171,507 shares (-34.3%) from their portfolio in Q1 2025, for an estimated $2,258,747
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$KELYA Analyst Ratings
Wall Street analysts have issued reports on $KELYA in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Barrington Research issued a "Outperform" rating on 05/20/2025
To track analyst ratings and price targets for $KELYA, check out Quiver Quantitative's $KELYA forecast page.
Full Release
TROY, Mich., Aug. 07, 2025 (GLOBE NEWSWIRE) -- Kelly (Nasdaq: KELYA, KELYB), a leading global specialty talent solutions provider, today announced that Chris Layden has been selected to serve as president and chief executive officer, effective September 2, 2025. Layden will succeed Peter Quigley , who previously announced his intent to retire as president and chief executive officer. Quigley will remain as a strategic advisor to Kelly to ensure a smooth transition and will continue to serve as a member of the board of directors until the Company’s next Annual Shareholders Meeting in May 2026.
Layden is a dynamic industry leader with extensive experience leading organizations through transformations to advance go-to-market initiatives and accelerate profitable growth. Most recently, he served as chief operating officer of Prolink, a workforce solutions provider offering staffing, technology, culture, data, and talent experience solutions throughout the United States. Under Layden’s leadership, Prolink achieved rapid organic growth and significantly strengthened its competitive positioning through enhancements to its operational capabilities and service delivery, while also transforming its technology processes and platforms. Prior to joining Prolink, Layden spent nearly two decades at ManpowerGroup, a global workforce solutions company, serving in a range of senior roles spanning general management, regional leadership, corporate strategy, and sales. During his tenure at ManpowerGroup, he successfully led enterprise-wide initiatives, executed multiple business transformations, and was a significant contributor to the company’s growth in the life sciences, engineering, and technology verticals.
“We are confident Chris’s skills and experience make him uniquely well-qualified to serve as president and chief executive officer as we enter the next phase of Kelly’s strategic evolution and build on the tremendous progress the Company has made during Peter’s tenure. Chris’s selection follows a rigorous search process with the full board’s engagement. He brings a track record of executing enterprise-scale transformations and driving commercial excellence, as well as visionary leadership that aligns well with our commitment to accelerate profitable growth and value creation,” said Terrence Larkin, chairman of Kelly’s board of directors.
Layden said, “I have been impressed by Kelly’s evolution and momentum, and am excited by the opportunity to serve as president and chief executive officer of this iconic company and build on a strong foundation to drive profitable growth and value for customers, talent, employees, and shareholders. I look forward to working with Peter as I transition into the Company and partnering with the talented Kelly team to seize on the tremendous opportunities ahead.”
Larkin continued, “The board and I extend our appreciation to Peter for his significant contributions to Kelly over his distinguished 22-year career with the Company. His leadership and passion for serving customers and cultivating top talent have been instrumental to Kelly’s transformation into a leading global specialty talent solutions provider.”
Quigley said, “Over the last five years, we have made great strides on Kelly’s specialty journey, significantly increasing the Company’s profitability by shifting toward higher margin, higher growth business and enhancing our organizational efficiency and effectiveness. Together, these actions have improved Kelly’s financial profile to the best place it has been in 25 years. Under Chris’s leadership, I’m confident Kelly will reach new heights, and I look forward to working with him and the board to ensure a smooth transition.”
Kelly will provide additional details about the president and chief executive officer transition during its upcoming second-quarter earnings conference call on August 7, 2025, at 9 a.m. ET.
About Kelly ®
Kelly Services, Inc. (Nasdaq: KELYA, KELYB) helps companies recruit and manage skilled workers and helps job seekers find great work. Since inventing the staffing industry in 1946, we have become experts in the many industries and local and global markets we serve. With a network of suppliers and partners around the world, we connect more than 400,000 people with work every year. Our suite of outsourcing and consulting services ensures companies have the people they need, when and where they are needed most. Headquartered in Troy, Michigan, we empower businesses and individuals to access limitless opportunities in industries such as science, engineering, technology, education, manufacturing, retail, finance, and energy. Revenue in 2024 was $4.3 billion. Learn more at kellyservices.com .
Forward-Looking Statements
This release contains statements that are forward looking in nature and, accordingly, are subject to risks and uncertainties. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about Kelly’s financial expectations, are forward-looking statements. Factors that could cause actual results to differ materially from those contained in this release include, but are not limited to, (i) changing market and economic conditions, (ii) disruption in the labor market and weakened demand for human capital resulting from technological advances, loss of large corporate customers and government contractor requirements, (iii) the impact of laws and regulations (including federal, state and international tax laws), (iv) unexpected changes in claim trends on workers’ compensation, unemployment, disability and medical benefit plans, (v) litigation and other legal liabilities (including tax liabilities) in excess of our estimates, (vi) our ability to achieve our business’s anticipated growth strategies, (vii) our future business development, results of operations and financial condition, (viii) damage to our brands, (ix) dependency on third parties for the execution of critical functions, (x) conducting business in foreign countries, including foreign currency fluctuations, (xi) availability of temporary workers with appropriate skills required by customers, (xii) cyberattacks or other breaches of network or information technology security, and (xiii) other risks, uncertainties and factors discussed in this release and in the Company’s filings with the Securities and Exchange Commission. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. All information provided in this press release is as of the date of this press release and we undertake no duty to update any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.
KLYA-FIN
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