New CFO for troubled Adecco
Crisis hit employment agency Adecco has appointed Jim Fredholm as its new chief financial officer.
Fredholm replaces Felix Weber, who stood down in January after a black hole of around £30m was found in the company accounts. He joins in June, leaving his post at Deutsche Post World Net, where he spent seven years, most recently as head of the group’s value creation program.
Fredholm will have to deal with the aftermath that his predecessor left behind which is still under investigation by lawyers and the SEC.
‘We are delighted Jim Fredholm will be joining Adecco as group chief financial officer,’ said Jerome Caille, Adecco’s chief executive. ‘We believe his strong background in accounting, finance and controls acquired in several large global service companies will be invaluable in helping us to emerge from recent events a stronger company.’