Axsium Group Ltd.
Axsium Group Spins Off from Knightsbridge, Operates Independently
Toronto, ON – Mar. 11, 2015 — Axsium Group today announced it will spin off from Knightsbridge Human Capital Solutions as Axsium Group Ltd. effective March 31, 2015. It comes in conjunction with the announcement of the planned acquisition of Knightsbridge by Adecco Group of Switzerland, the parent company of Lee Hecht Harrison. Following the spinoff and the Knightsbridge acquisition, Axsium will operate as an independent, stand-alone organization.
Axsium’s current leadership structure will remain in place including CEO Paul Tucker and Senior Vice Presidents Bob Clements, David Honicky and Johannes Tjiang. Axsium will be privately held, owned by the previous Knightsbridge shareholders.
“We see this as a unique opportunity to combine the stability of a well-established business with the entrepreneurial energy of a start-up that can better serve our clients,” said Paul Tucker, CEO. “As a founding member of Axsium, it’s been exciting to watch the organization grow from a start-up to a global leader in workforce management and human capital management consulting. With our track record of growth and profitability, I am thrilled that we can continue to lead the market.”
Tucker stressed that it is business as usual for Axsium. “The day-to-day operations are not changing,” said Tucker. “Our leadership team remains the same, our branding and values are the same, and our customers will continue to receive the same great value from our people and our services.”
· Effective March 31, 2015, Axsium Group will spinoff and begin operating as an independent entity on April 1, 2015.
· Axsium’s current leadership structure will remain in place.
· Axsium will be privately held and supported by a board of directors.
About Axsium Group Ltd.
Axsium Group helps organizations around the world improve their performance by maximizing the productivity of their people. We do this by providing innovative and insightful consulting services focused in three areas. First, we help our clients establish a realistic strategy and roadmap to reach their people-related goals. Second, we focus on streamlining and defining new processes to improve the way people work, their productivity and their impact on their organization. And third, we implement and support technology that help all levels of the organization achieve their objectives.www.axsiumgroup.com