Administaff Announces Mark W. Allen as Vice President of Strategic Planning

Date : 10/02/2006 @ 2:29PM
Source : PR Newswire
Stock : Administaff (ASF)
Quote : 28.28  0.41 (1.47%) @ 8:00PM
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Administaff Announces Mark W. Allen as Vice President of Strategic Planning

HOUSTON, Oct. 2 /PRNewswire-FirstCall/ -- Administaff, Inc. (NYSE:ASF), the nation's leading professional employer organization, today announced Mark W. Allen has joined the Administaff management team in the role of vice president of strategic planning. Allen will be responsible for managing all aspects of Administaff's corporate strategic planning activities, as well as the evaluation of new business opportunities and how they might align with, and contribute to, Administaff's profitable growth. He will report to Paul J. Sarvadi, chairman and chief executive officer.

"Having Mark in this position is a tremendous fit for our company," Sarvadi said. "He has covered Administaff as a research analyst for several years and understands both our company and the business services sector. Mark's expertise and demonstrated abilities will help Administaff continue to lead the way in providing HR solutions for small business."

Prior to joining Administaff, Allen held various roles with SunTrust Robinson Humphrey, last serving the Business Services group as managing director, investment banking. Allen was recognized as a leading research analyst in the human resources and business services sector by placing or receiving honorable mention in five consecutive Institutional Investor polls from 1999-2003. He earned a bachelor's degree in electrical engineering and a master's degree in management science from Georgia Institute of Technology. Allen is also a Chartered Financial Analyst.

Administaff is the nation's leading professional employer organization (PEO), serving as a full-service human resources department that provides small and medium-sized businesses with administrative relief, big-company benefits, reduced liabilities and a systematic way to improve productivity. The company operates 41 sales offices in 22 major markets. For additional information, visit Administaff's Web site at http://www.administaff.com/ .

DATASOURCE: Administaff, Inc.

CONTACT: investor relations, Douglas S. Sharp, Vice President, Finance,

Chief Financial Officer and Treasurer, +1-281-348-3232, or

, or media, Susan Emfinger, Director, Corporate

Communications, +1-281-348-3105, or , both of

Administaff, Inc.

Web site: http://www.administaff.com/

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