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Jim Fredholm takes on the role of Chief Financial Officer for Adecco Group

Jim Fredholm assumes role as the Chief Financial Officer within our company group.

Accoording to recent reports, Jim Fredholm has been named the new Chief Financial Officer for the...
Accoording to recent reports, Jim Fredholm has been named the new Chief Financial Officer for the Addeco Group.

Jim Fredholm takes on the role of Chief Financial Officer for Adecco Group

## Jim Fredholm's Career Journey Before Joining Deutsche Post World Net

### Early Career

Jim Fredholm's career began with Ernst + Whinney, where he qualified as a certified public accountant in the United States. Following his qualification, he honed his skills in finance and accounting, providing a strong foundation for his future success.

### Mid-Career Progression

In the mid-1990s, Jim took on various financial positions in technology companies across the United States, Germany, and the United Kingdom. These roles allowed him to expand his expertise in financial management, strategic planning, and leadership.

### Senior Financial Leadership

Prior to his tenure at Deutsche Post World Net, Jim served as the Chief Financial Officer of DANZAS from 1997 until 2002. During this period, he played a key role in supporting the strategic development and multiple acquisitions that led to a revenue increase of 300% by 2002.

### Joining Deutsche Post World Net

In June 2004, Jim Fredholm was appointed as the Group Chief Financial Officer of Deutsche Post World Net. Before this appointment, he was the Managing Director of the STAR Program and Global Integration Officer of DHL at Deutsche Post World Net. Since its launch, the STAR program, a groupwide value enhancement initiative, has delivered total contributions to earnings of Eur 423 million.

Deutsche Post World Net, one of the worldwide leading players in international logistics, parcel service, airfreight, and global air express, is registered in Switzerland and listed on the Swiss Stock Exchange, the New York Stock Exchange, and Euronext Paris. In 2003, the group posted an EBITA of almost 3 billion euros on revenue of over 40 billion euros.

The company's forward-looking statements are based on information available as of the date of the release. However, numerous factors could cause or contribute to such differences. For a further discussion of the factors and risks associated with the company's business, please refer to the Company's Annual Report on Form 20-F for the year ended December 29, 2002, and other reports filed with the Securities and Exchange Commission. Actual results could differ materially from the current expectations. The company assumes no obligation to update any such forward-looking statements.

Jim Fredholm's extensive experience in finance and strategic leadership has been instrumental in driving the success of various companies, including his current role at Deutsche Post World Net. His journey is a testament to his dedication and expertise in the field.

Jim Fredholm's financial expertise from his early career at Ernst + Whinney led him to seek staffing solutions in various technology companies, contributing to his strategic development and leadership skills. In his senior role at Deutsche Post World Net, he has played a significant part in the company's financial growth, including the delivery of Eur 423 million in contributions to earnings through the STAR program.

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