EXCITING NEW YEAR WITH CHANGE ALL ABOUT!

by Gary Nelson on January 6th, 2012

Nelson sells majority interest in WorkforceLogic to ZeroChaos

On Monday, a press release will go live announcing the sale of a majority and controlling interest in WorkforceLogic to ZeroChaos and its financial partner Snow Phipps. The Nelson Companies retained R W Baird as our exclusive Investment Advisor/Banker for this transaction.

When combined, WorkforceLogic and ZeroChaos will provide clients with an expanded menu of workforce solutions as well as a formidable supplier network with quality talent. The release will quote me as follows: “In a consolidating market that demands ever more in terms of value and services offered, the combination of WorkforceLogic’s top-performing VMS and MSP services with the strength of the 1.5-billion-dollar-strong ZeroChaos company will increase our capabilities both domestically and internationally.” The Nelson Family will retain a minority interest in the combined company. The three Nelson Staffing groups, HRhome and iWorkGlobal will continue to be owned and operated by the current Nelson management teams.

Craig Nelson, new CEO at NFC & Candland Joins ZeroChaos

With the sale of WFL, Catherine Candland, our CEO since 2010, is moving to ZeroChaos. I’m pleased to announce that Craig Nelson will replace her assuming the role of CEO for the Nelson companies, effective January 12, 2012. Craig has been with the company over ten years and has established strong relationships with staff, clients, and community members at all levels. He personifies the Nelson core values which have sustained this company for over 40 years. I am confident this succession transition will be smooth and the company will thrive under Craig’s leadership. Special thanks to Catherine Candland for all her efforts related to this transition.

 Best Revenue Performance Ever for the company

In 2011, our total revenue—all NFC/WFL business units included—was $435.7 million. That’s a 9.5% increase over 2010’s revenue of $398.1 million!

The Staffing Divisions fared extremely well. Their revenue in 2011 was $118.0 million, which is an increase of 17.8% over 2010’s revenue of $100.1 million.

Net Operating Expenses rose significantly last year as well as we continued to invest in the future…with additional staff, expanded our geographic and office presence and made major enhancements to the WFL application/technology. This has resulted in a decrease in net income/profitability compared to the prior year.

Nelson’s Values rolling out in 2012

Following on the kick-off of our Values initiative announced at last year’s All Hands meeting, a steering committee has worked on the definitions of Excellence, Integrity, Empathy, and Innovation as they exist within our Nelson Culture – much more work than it sounds. This week, an expanded group of Values ambassadors met to further vet and move along this critical initiative. You’ll hear more about this from Craig Nelson and Anna Norgueiro when they bring the 2012 Strategic Plan and Values initiative to the branches in January and February.

How ‘Bout Those NINERS?

With the 2011 addition of leadership by Head Coach Jim Harbaugh (and the Nelson-Niner staffing relationship) the 49ers are heading into the NFL playoffs after fulfilling my prediction they would win the NFC West! They will host a game at Candlestick and WIN…as they make plans to play in the 2012 Super Bowl.

Movie Reviews by Gary

“Descendants” with George Clooney is a wonderful film with Hawaii scenes at its best and a compelling family story line. Funny spots and sad!

“Tinker, Tailor, Soldier, Spy” is a GREAT movie…MUST SEE! Gary Oldham plays the retired UK spy/agent perfectly. Great cinema! Keeps you on your toes!

More Later, Gary