Labor Ready Names Steve Cooper as Chief Executive Officer; Current CEO Joe Sambataro to Retire May 17, 2006, Will Retain Board S
February 16 2006 - 3:01AM
Business Wire
Labor Ready, Inc. (NYSE:LRW) announced that its board of directors
has named Steve Cooper as chief executive officer effective May 17,
2006. Cooper, currently president, will succeed Joe Sambataro as
CEO as part of a planned succession. Sambataro has announced his
retirement but will continue to serve on Labor Ready's board of
directors. "Steve is extremely qualified for this position," said
Sambataro. "He has collaborated with me on every key strategic
initiative. He places great emphasis on sustaining growth and
building shareholder value. "Steve has been pivotal in envisioning
our future and driving change," Sambataro added. "He led our
acquisition of Spartan Staffing and CLP Resources, which has
provided two new platforms to sustain our growth and enabled us to
expand and diversify our service offerings." Cooper was promoted to
president of Labor Ready in 2005 after serving as executive vice
president and chief financial officer since January 2001. Prior to
that time, Cooper served as the company's vice president of
finance. He joined Labor Ready in 1999. "Steve is clearly qualified
to provide the leadership and strategic vision for Labor Ready's
future," said Labor Ready Chairman Bob Sullivan. "Steve has worked
very closely with Joe and has played a key role in the company's
success. "We would like to thank Joe for driving the company's
tremendous growth," Sullivan said, "and for his commitment to
cultivating the company's mission, vision and values. We look
forward to his continuing contribution as a member of the board."
About Labor Ready Labor Ready is an international provider of
temporary employees for manual labor, light industrial and skilled
construction jobs, operating under the brand names of Labor Ready,
Workforce, Spartan Staffing, and CLP Resources. Labor Ready's
customers are primarily small- to mid-sized businesses in the
transportation, warehousing, hospitality, landscaping,
construction, light manufacturing, retail, wholesale, facilities
and sanitation industries. Annually, Labor Ready serves
approximately 300,000 customers and puts more than 600,000 people
to work through its more than 885 branch locations in the United
States, Canada, and the United Kingdom. For additional information,
visit Labor Ready's website at www.laborready.com.
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