NEW YORK - Monster Worldwide, Inc. today announced that Jeff Taylor, founder of the online job board Monster.com, will be leaving in August to establish a new venture. The company also announced its current plans to provide some seed capital for Mr. Taylor’s new venture, which will not be employment-related and is still in early development. The specifics of this new venture remain confidential for competitive reasons. In addition, the company and Mr. Taylor intend to enter into an agreement that calls for Mr. Taylor to serve as an outside advisor to Monster on strategic issues and brand-building initiatives. Mr. Taylor’s day to day responsibilities will be assumed by various members of Monster’s executive team.
Jeff Taylor will long be remembered for recognizing the potential of the Internet to transform the way people find jobs and companies find talent, and now, that passion for ideas has lead him to seek a new creative outlet, said Andrew J. McKelvey, Chairman and Chief Executive Officer of Monster Worldwide. We are excited about the future of Jeff’s new venture and are pleased he will remain a part of the Monster family in the role of strategic advisor.
Recognized as an innovator in both the Internet and careers industries, Monster, under the direction of Mr. Taylor, reinvented the way the world looks for employment. His monster idea, conceived at the dawn of the World Wide Web, quickly became one of the first dot-com companies (454th registered domain on the Web) and has since grown into the world’s leading online career site. Today, the Monster global network consists of 25 local language and content sites in 23 countries worldwide.
Please note that Jeff will be speaking this Friday at the Onrec conference at the Cafe Royal.
Contact Wendy@onrec.com for info on tickets - Please hurry, as we are very close to reaching designated capacity.
Monster Founder Jeff Taylor to Launch New Internet Venture
Company To Provide Seed Capital For His New Entrepreneurial Venture
