GVHR » Topics » BRADENTON, FL, October 16, 2006

This excerpt taken from the GVHR 8-K filed Oct 16, 2006.
BRADENTON, FL, October 16, 2006 - Gevity (NASDAQ: GVHR), the leading provider of a comprehensive insourced employment management solution for small- and medium-sized businesses, announced today changes to the senior management structure.


Reporting directly to Erik Vonk, Chairman and Chief Executive Officer, will be Paul Benz, Chief Information Officer, and Michael Collins, Chief Marketing Officer, in addition to Peter Grabowski, Chief Financial Officer and Cliff Sladnick, Chief Administrative Officer, who currently report to Mr. Vonk.


Mr. Grabowski’s role as Chief Financial Officer has been expanded to include field operations and benefit programs. Mr. Sladnick will manage internal HR and strategic planning in addition to his current responsibility for corporate development, investor relations and legal. Mr. Benz will maintain responsibility for information technology and shared services and Mr. Collins will continue to lead the company’s overall marketing and solutions programs.


In addition, Lisa Harris will be retiring at the end of the year. Ms. Harris currently serves as Gevity’s Chief Technology Officer, a role she assumed following the appointment of Mr. Benz as the company’s Chief Information Officer. Roy King, who was hired as President and Chief Operating Officer in December of last year, is leaving the company.


Mr. Vonk stated, “As we execute on our multi-layer growth strategy, we are confident that we are well served by an outstanding management team that has been strengthened at all levels in the past year. Mr. Vonk added, “We thank Roy for his hard work and dedication and want to express sincere gratitude to Lisa who has played a key role in our company for more than seven years.”


This excerpt taken from the GVHR 8-K filed Sep 21, 2006.
BRADENTON, FL, September 20, 2006 –Gevity (NASDAQ: GVHR), the leading provider of a comprehensive insourced employment management solution, announced today that Michael Lavington has been elected to the company’s Board of Directors.


“We are pleased to announce the addition of Michael Lavington to Gevity’s Board of Directors. Michael’s significant industry knowledge and impressive executive management record brings invaluable experience and perspective to our Board. Michael has a deep understanding of the significant impact human resource management has on business success and profitability, and we look forward to leveraging his knowledge base and skill set as we continue to position the company for long-term growth.” commented Erik Vonk, Gevity’s Chairman and Chief Executive Officer. “Additionally, his broad international experience will provide insight as future potential overseas expansion efforts are considered.”


Mr. Lavington has worked in executive HR roles and at the Managing Director level for major UK and US corporations. He has also been a main Board Director of Mecca Leisure Group, a UK FTSE company. In the late 1980’s, Mr. Lavington was the Divisional Managing Director of Mecca Leisure’s Overseas Division, which included the Hard Rock Cafe Group. More recently, from 1997 to 1999, he was President and CEO of Resorts USA Inc., a subsidiary of the Rank Group where he also served as the Group HR Director from 1990 to 1997. From 2000 until 2002 he was Senior Vice President HR and Property for Global Telesystems (GTS). In 2003 he became an independent business consultant and has served clients in both the UK and the US.


Michael Lavington commented, “I am thrilled to be joining Gevity’s Board at such an exciting time in the company’s history. Gevity is a true pioneer in the growing field of employment management solutions, and I look forward to contributing to its future successes.”


This excerpt taken from the GVHR 8-K filed Feb 28, 2006.
BRADENTON, FL, February 28, 2006 - Gevity (NASDAQ: GVHR), the leading provider of a comprehensive insourced employment management solution for small and medium-sized businesses, announced today that for the year ended December 31, 2005 revenues reached $608.8 million, up 4.0% from $585.5 million in 2004, while diluted earnings per share rose 5.6% to $1.31 from pro forma diluted earnings per share of $1.24.


“In 2005 we delivered on our stated growth and profitability goals and completed the final stages of the three year transition of our business model said Erik Vonk, Gevity’s Chairman and Chief Executive Officer. “We have substantially upgraded our comprehensive solution through the implementation of the 2005 Generation of Services, which puts true value-enhancing HR support for Gevity's clients at its core by bundling workforce alignment services with administrative relief and business protection support. On the insurance side, we have added carrier choice and significantly reduced the imbedded risk dynamic through our insurance risk neutrality strategy. We now offer industry leading multi-carrier health benefits choices and a workers’ compensation option with far less exposure to risk. As a result of this transformation, our company is now fully focused on accelerating growth based on the transfer of HR value to our clients, rather than on the assumption of medical or workers’ compensation risk. We expect this to have a positive impact on our financial model as we increasingly generate more professional service fees and depend less on volatile insurance contributions.”


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