MAITLAND, Fla., Dec. 10, 2009 (GLOBE NEWSWIRE) -- Workstream Inc. (OTCBB:WSTM), a leading provider of On-Demand Compensation, Performance and Talent Management solutions, today announced the appointment of Jerome P. Kelliher as the Company's new Chief Financial Officer.
Jerome P. Kelliher, with 13 years of experience at Ernst & Young as a financial professional, will drive the enterprise-wide creation of value for all of Workstream's business units and bring the necessary financial acumen to analyze, and direct the company's progress in profitability. During his tenure at E&Y, Mr. Kelliher held several senior management positions, culminating in his most recent position as Audit Partner of the Moscow, Russia office. Mr. Kelliher is a certified public accountant and holds a Master of Science in Accountancy with distinction from Bentley College Graduate School of Business in Waltham Massachusetts.
"We are pleased to have someone of Jerome's professional background to join the Workstream executive team," said Michael Mullarkey, Chairman, President and CEO of Workstream. "His leadership in accounting and financial reporting, as well as his expert guidance on internal controls, will be enhance the management of Workstream business."
"I am pleased and excited to be joining a very talented team being assembled by Michael at Workstream," stated Mr. Kelliher. "Workstream is the company of choice for me, with improved business efficiencies, a focus on profitable growth and increased organic revenue growth. I look forward to enhancing the growth and management at Workstream."
Reporting to Workstream's President and CEO Michael Mullarkey, Kelliher's responsibilities will include the company's finance, investor relations, purchasing, facilities and order management functions. The hiring of Mr. Kelliher consolidates the Workstream executive management team into a single location Maitland, FL.
About Workstream Inc.
Workstream provides on-demand compensation, performance and talent management solutions and services that help companies of all size manage the entire employee lifecycle - from recruitment to retirement. Workstream's TalentCenter provides a unified view of all Workstream products and services including Recruitment, Performance, Compensation, Development and Transition. Access to TalentCenter is offered on a monthly subscription basis under an on-demand software delivery model to help companies build high performing workforces, while controlling costs. With offices across North America, Workstream services customers including Chevron, The Gap, Home Depot, Kaiser Permanente, Motorola, Nordstrom, VISA and Wells Fargo. For more information visit www.workstreaminc.com or call toll free 1-866-470-WORK.
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This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of Workstream's management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: inability to grow our client base and revenue because of the number of competitors and the variety of sources of competition we face; client attrition; inability to offer services that are superior and cost effective when compared to the services being offered by our competitors; inability to further identify, develop and achieve success for new products, services and technologies; increased competition and its effect on pricing, spending, third-party relationships and revenues; as well as the inability to enter into successful strategic relationships and other risks detailed from time to time in filings with the Securities and Exchange Commission.