Kelly Services Chairman Terence Adderley Retires; Names Donald Parfet Chairman

(RTTNews) - Kelly Services Inc. (KELYA, KELYB) announced the retirement of Terence Adderley as chairman of the board. The board of directors elected Lead Director Donald Parfet, to be its next chairman of the board, effective September 17, 2018. George Corona will continue as president and chief executive officer of Kelly Services and remain a member of Kelly's board of directors. Terence remains the controlling shareholder.

Parfet, Kelly's lead director since 2012, has extensive financial and operating experiences as an executive with responsibilities for numerous global businesses. In addition to his new role as Kelly's chairman of the board, Parfet leads business development and venture capital firms focused on the development of emerging medicines. He also serves as a director of two large publicly held companies, and as the chairman of the board of a small publicly held company.

Adderley, son of the company's founder, William Russell Kelly, joined Kelly Services in 1958 as manager of its office in Louisville, Kentucky. He was elected Vice President of the company in 1961, Executive Vice President in 1965, President in 1967, and Chief Executive Officer in 1989. He has served on the company's Board of Directors since 1962, was elected Chairman of the Board in 1998, and Executive Chairman and Chairman of the Board in 2012, dual roles he held until May 2018. Adderley continued to serve as Kelly's Chairman of the Board until his retirement.