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Milwaukee-based ManpowerGroup Inc. (NYSE:MAN), a prominent player in the Professional Services industry with a market capitalization of $2.68 billion, announced on Monday that board member Patricia Hemingway Hall has decided to retire and will not seek re-election at the upcoming annual shareholders meeting in 2025. According to InvestingPro analysis, the company currently trades near its 52-week low and appears undervalued based on Fair Value calculations. Hemingway Hall, who formerly led Health Care Services Corporation as CEO, has been part of ManpowerGroup’s board since 2011.
The decision for her retirement aligns with the company’s age policy for board service, which was in place when Hemingway Hall joined. She clarified that her departure is not due to any disagreements with the company’s operations, policies, or practices.
Following Hemingway Hall’s retirement, the board will consist of 10 directors. ManpowerGroup does not plan to appoint a successor for the vacating seat.
This information is based on a press release statement.
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