Randstad announces management change in India

Randstad India announces that Mr. E. Balaji, MD & CEO of Randstad India has decided to step down from his post with Randstad India to pursue other career opportunities outside the organization. Also, Randstad is pleased to announce the appointment of Mr. Moorthy K. Uppaluri as CEO of Randstad India. Mr. Uppaluri and Mr. Balaji will work together over the next few weeks, for a smooth leadership transition. 

Mr. Balaji joined Randstad's predecessor Ma Foi in 1994 and worked in various responsibilities over the last 19 years. He was the MD & CEO of Randstad India for the last two years and has greatly contributed in raising the profile of Randstad in India. 

Mr. Paul Van de Kerkhof, Chairman of Randstad India said, "Balaji has played a key role in the transition from Ma Foi India to Randstad India. I want to thank him for his commitment and dedication to the company and wish him the best of luck in his future endeavors." 

Mr. Balaji said, "I have spent close to two decades with the organization. The journey has been exciting in terms of the transition from a promoter driven company into an international firm, the introduction of the Randstad brand and raising the profile of Randstad in India. I look back with satisfaction on what was achieved in Randstad." 

Mr. Moorthy K. Uppaluri will join as the CEO of Randstad India in a week. Mr. Uppaluri brings to Randstad India an impressive pedigree of leadership expertise. His 24 year international career includes key roles at General Electric and Microsoft, both in India and in the USA. Most recently Mr. Uppaluri was the Global Head and General Manager of Microsoft Academic Programs at their corporate headquarters in Redmond, USA. 

Mr. Paul Van de Kerkhof further commented that, "India is an important growth country for Randstad. With the HR services market growing at over 20% year-on-year, a strong leadership team will ensure that Randstad captures this tremendous opportunity. We are happy to have Mr. Uppaluri at the helm to manage and lead this business to the next phase of sustainable growth." 

About Randstad India 

Randstad India offers the broadest HR services portfolio ranging from Staffing, Search & Selection, HR Solutions and In-house Services. The organization has a vast network of offices across the country to be within the reach of clients, candidates and flexi workers. The company, previously called Ma Foi is a leader in the HR services industry in India for the past 20 years and became part of Randstad through its global acquisition of Vedior in 2008. Randstad is the global #2 HR services provider active in 39 countries across the globe. Randstad India continues to focus on developing customized and innovative HR services, leveraging on its unique strengths of geographical presence and end-to-end capability across all HR service functions.For more information, please visit www.randstad.in 

About Randstad 

Randstad specializes in solutions in the field of flexible work and human resources services. Our services range from regular temporary staffing and permanent placement to inhouse, professionals, search & selection, and HR Solutions. The Randstad Group is one of the leading HR services providers in the world with top three positions in Argentina, Belgium & Luxembourg, Canada, Chile, France, Germany, Greece, India, Mexico, the Netherlands, Poland, Portugal, Spain, Switzerland, the UK, and the United States as well as major positions in Australia and Japan. In 2012 Randstad had approximately 29,300 corporate employees and around 4,500 branches and inhouse locations in 39 countries around the world. Randstad generated a revenue of € 17.1 billion in 2012. Randstad was founded in 1960 and is headquartered in Diemen, the Netherlands. Randstad Holding nv is listed on the NYSE Euronext Amsterdam, where options for stocks in Randstad are also traded. 

For Further Information, Please Contact: 

Srivathsan S. 
Randstad India 
Email: srivathsan.s@randstad.in 

R. Arjunan 
Mob: 9381290284 
Email: arjunan@brand-comm.com