SOURCE: Taleo

August 18, 2008 07:30 ET

Taleo Appoints Jeffrey Stiefler to Its Board of Directors

DUBLIN, CA--(Marketwire - August 18, 2008) - Taleo (NASDAQ: TLEO), the leading provider of on demand talent management solutions, today announced that Jeffrey Stiefler has been appointed to its board of directors.

"Jeff's experience with growing and managing billion-dollar companies will be invaluable to Taleo as we enter our next phase of growth," said Michael Gregoire, Chairman and CEO of Taleo. "We are thrilled to have a proven executive like Jeff join our Board. I'm confident he will be a great contributor to our future success."

Stiefler has more than 30 years of experience as an executive officer in the financial services and technology industries, previously serving as President of Intuit Inc.'s Financial Institution Division. Stiefler joined Intuit after its $1.4 billion acquisition of Digital Insight in February of 2007, where he served as Chairman, President, and CEO. During his tenure, Digital Insight's market capitalization tripled, driven by rapid and consistent growth in revenue and operating income.

Stiefler joined Digital Insight following several years of experience with leading private equity firms. He was an advisor for North Castle Partners and an Operating Partner for McCown DeLeeuw & Company, where he served as Chairman or Chief Executive Officer for several service outsourcing companies. Stiefler delivered significantly improved financial performance and excellent returns to shareholders.

Previously, Stiefler was President and a Director of American Express Company and President and CEO of IDS Financial Services Corporation (which became American Express Financial Advisors and then Ameriprise). During his tenure at IDS, the company's operating income increased tenfold, driven primarily by rapid growth and productivity in the sales organization. Earlier in his career, Stiefler held several positions within Citicorp's Consumer Banking Group, including the retail banking and consumer lending divisions.

Stiefler has served as director of a number of publicly and privately held companies, including American Express Company, Digital Insight, LPL, National Computer Systems, Education Lending Group, CRC Health and TeleSpectrum, as well as philanthropic institutions including The Salk Institute, Minnesota Business Partnership, Minneapolis Symphony and Carlson School of Management. He received a BA from Williams College and MBA from Harvard Business School. Stiefler currently serves as Venture Partner with Emergence Capital, a leading venture capital firm focused on early and growth-stage technology-enabled services companies.

About Taleo

Taleo (NASDAQ: TLEO) is the leader in on demand unified talent management solutions that empower organizations of all sizes to assess, acquire, develop and align their workforce for improved business performance. More than 3,600 organizations use Taleo for talent acquisition and performance management, including 47 of the Fortune 100 and more than 2,900 small and medium sized businesses, across 200 countries and territories. Known for its strong configurability and usability, Taleo's talent management platform runs on a world-class infrastructure and offers 99.9% availability.

Forward-looking Statements

This release contains forward-looking statements, including statements regarding Taleo's future financial performance and growth. Any forward-looking statements contained in this press release are based upon Taleo's historical performance and its current plans, estimates and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent Taleo's expectations as of the date of this press announcement. Subsequent events may cause these expectations to change, and Taleo disclaims any obligation to update the forward-looking statements in the future. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially. Further information on potential factors that could affect actual results is included in Part I, Item 1A of Taleo's Annual Report on Form 10-K, as filed with the SEC on March 14, 2008, in Part II, Item 1A of Taleo's Quarterly Report on Form 10-Q, as filed with the SEC on August 11, 2008, and in other reports filed by Taleo with the SEC.

Contact Information

  • Media Contact:
    Jaime Spuhler
    Taleo Corporation
    904-493-8851
    jspuhler@taleo.com

    Investor Relations Contact:
    Carolyn Bass
    Market Street Partners
    415-445-3232
    ir@taleo.com