Chéserex, Switzerland (June 8, 2004) -- In an effort to put its accounting woes behind it and restore investor confidence, Swiss staffing firm Adecco announced major changes to its board, including the resignation of its chairman.

Chairman John Bowmer will quit at the end of the month, according to published reports. Adecco, which released its first quarter 2004 and long-awaited full 2003 results on Friday, is still under investigation by the Securities and Exchange Commission, the U.S. Attorney, the SWX Swiss Exchange and the Swiss Federal Banking Commission, and faces shareholder lawsuits in the U.S.

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