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Gevity Appoints President and Chief Operating Officer

5 March 2006

Gevity (Nasdaq: GVHR), the leading provider of a comprehensive insourced employee management solution, has announced the appointment of Roy C. King to the newly created position of President and Chief Operating Officer. Reporting to Chairman and Chief Executive Officer Erik Vonk, Mr. King will be responsible for:


* Overseeing the company's sales and market development activities to increase market share and support revenue growth.


* Overseeing the company's service delivery functions, from value optimization through new product development.


* Delivering predictable profitable growth by implementing the company's business strategies, maximizing client satisfaction, enhancing operating efficiencies and solidifying market leadership.


Commenting on the appointment, Mr. Vonk said, "Gevity has reached the point in its growth trajectory where an accomplished operations leader of Roy King's caliber is needed to support the opportunities on our horizon. He is a natural fit for the Gevity team with his tremendous record of success in executing growth strategies while operating highly efficient organizations. We are eager to incorporate Roy's management skills and ideas into our company as we continue to increase penetration in our existing markets and expand into new segments."


Mr. King has a successful record of leading large global services and technology organizations across a number of diverse business sectors. Prior to Gevity, Mr. King was President and Chief Executive Officer of Security Source, Inc., a leading provider of security and loss prevention software and solutions. Earlier this year, Security Source was acquired by Checkpoint and LP Networks. In January 2001, Mr. King became Chairman, CEO and President of Mercator Software, Inc. (MCTR), a global provider of enterprise application integration solutions and services. While at Mercator, he engineered the firm's strategy, sales and development activities to better serve its global customers. Mercator was acquired by Ascential Software in late 2003 and is now part of IBM's portfolio. A former European-based IBM General Manager of Consulting & Integration Services, EMEA, Mr. King has over 28 years of business leadership experience in technology, operations, consulting, and services. He was an IBM executive from 1993 to 2000, leading a multi-billion dollar consulting and integration services business across a number of industries, verticals and offerings. Prior to joining IBM, Mr. King was a Partner with Booz Allen & Hamilton and KPMG Peat Marwick serving clients in the US and abroad. He holds an MBA from the Harvard Business School and a BS in Industrial Engineering from Iowa State University.


Other organizational changes


Gevity also announced that Edwin Hightower has been appointed as the company's General Counsel. He will report to Clifford Sladnick, who has added the title of Gevity's Corporate Secretary in addition to his current position as Chief Administrative Officer.


Mr. Hightower joined the Gevity team in 2002 as Corporate Counsel and was promoted to Vice President, Internal Human Resources in 2004. Prior to joining Gevity, he served as litigation counsel for Carnival Cruise Lines. Mr. Hightower earned his Bachelor of Arts degree in sociology from the University of Denver and his Juris Doctor from the University of Miami School of Law.


Mr. Vonk commented, "The combination of Edwin's Gevity-specific experience, human resource knowledge and legal expertise makes his appointment as General Counsel ideal." Mr. Vonk continued, "Over the past five years our former Senior Vice President and General Counsel, Greg Nichols, has made considerable contributions in evolving our business model to one of a complete end-to-end human resource insourcer and has helped position the company for further profitable growth. We appreciate these contributions and wish him the best in his decision to spend more time with his family while pursuing future opportunities."


About Gevity


Gevity helps clients increase profits, grow sales and improve customer satisfaction through our comprehensive employee management solution. We serve as the insourced human resource department to small- and medium-sized businesses nationwide. Our unique approach integrates three key drivers of business success: workforce alignment, administrative relief and business protection. We deliver our solution through our innovative people, processing and portal approach, combining the resources of our highly skilled human resource consultants and our scalable, Web-enabled technology platform.


A copy of this press release can be found on the company's Web site at http://www.gevity.com.

Source: prnewswire


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