Randstad replaces Monster CEO, acknowledges company’s slide

10 May 2018

Monster Worldwide will soon have a new CEO.

Scott Gutz (LinkedIn profile), CEO of travel technology company Amadeus, will take over as CEO on July 2. He’ll replace Mark Stoever (LinkedIn profile), who became CEO only about 18 months ago.

Scott Gutz

Scott Gutz

Gutz will be the company’s fourth CEO in less than five years, following Stoever; Tim Yates (November 2014-November 2016) — who presided over the $429 million sale of the company to Randstad Holding nv, a Dutch human resources and staffing company — and Sal Iannuzzi (2007-2014), who ran the company into the ground.

Gutz, who will be based at Monster’s offices in Weston, Mass., acknowledged Monster Worldwide has faced problems.

“It’s clear that Monster has a unique opportunity to return to its position as industry leader,” he said in the company’s news release. “I’m honored to join a team that is poised to shake up the industry once again by delivering quantifiable value for job-seekers and employers.”

Randstad Digital Ventures CEO Chris Kibarian (LinkedIn profile) said the company is “making significant progress in its efforts to transform the job-search experience — work that has been led by an almost entirely new executive team.”

Gutz has a bachelor’s degree from Babson College, a school focused on entrepreneurship, and an MBA from the Massachusetts Institute of Technology Sloan Fellows Program in Innovation and Global Leadership

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