Monster Worldwide appoints online industry expert Lanny Baker as chief financial officer

- New CFO’s Deep Online Business Experience and Understanding of Monster Worldwide to Help Drive Global Growth and Expansion of Monster Franchise

- Company Promotes Chris Power to CFO Global Operations and Jon Trumbull to the Role of Global Controller and Chief Accounting Officer

Monster Worldwide, Inc, the parent company of the global online careers property, Monster(R), today announced the appointment of Lanny Baker as Senior Vice President and Chief Financial Officer, succeeding Michael Sileck, who has decided to leave the company to pursue other opportunities. Mr. Baker, who holds the Chartered Financial Analyst designation was recently a Managing Director in the Equity Research department at Smith Barney, and has closely covered Monster Worldwide and dozens of other companies as a leading Internet research analyst for more than seven years.

In his new role, effective immediately, Mr. Baker will be responsible for overseeing Monster Worldwide’s global finances and spearheading fiscal management policies that further enhance the company’s performance and profitability moving forward. Mr. Baker will be a key member of Monster Worldwide’s executive team and participate in overall strategic planning.

With Monster Worldwide’s enhanced position as a leading global Internet business, Lanny Baker has the online industry experience and expertise necessary to help drive Monster’s future growth and expansion. With our company even more succinctly focused and aligned around our Monster franchise, we firmly believe that Lanny’s decade-plus experience in the online and media business world makes him the most qualified person to serve as our new CFO, said Andrew J. McKelvey, Chairman and Chief Executive Officer of Monster Worldwide. Lanny also has extensive experience in public offerings, mergers and acquisitions, and related strategic financing. We look forward to tapping into his seasoned insight as an online business strategist, and are confident his strong financial acumen, deep understanding of our business and familiarity with our management team will enable him to make significant contributions toward helping us achieve the full potential of Monster.

Mr. McKelvey continued, We would like to thank Mike Sileck for the instrumental role he has played in Monster Worldwide’s success since joining the firm in 2001. He has served with great dedication and accomplishment. We truly appreciate Mike’s contributions to the company and wish him all the best in his future endeavors.

The company also promoted two executives in its finance department to elevated roles and responsibilities. Chris Power, CFO of the Monster division, is promoted to the newly created position of CFO Global Operations and Monster Worldwide Corporate Controller Jon Trumbull is promoted to the position of Global Controller and Chief Accounting Officer. Both executives will report into Mr. Baker. Mr. Power will also continue to report into William Pastore, Chief Operating Officer, on operational issues.

In their new capacities, Mr. Power will manage the financial policies and reporting within the company’s global operations; all divisional CFOs will functionally report to him. Mr. Power has served with the company for more than two years and will operate out of both the New York headquarters and Monster’s offices in Maynard, Massachusetts. Mr. Trumbull, a certified public accountant, will be responsible for the company’s regulatory reporting and SEC compliance. Mr. Trumbull has been with Monster Worldwide for nearly three years and will continue to operate out of the New York office.

Prior to joining Salomon Brothers (subsequently, Smith Barney) in 1993, Lanny Baker served as a media analyst at Morgan Stanley and prior to that worked in media research at Donaldson Lufkin & Jenrette. Mr. Baker has been widely recognized as one of the top financial analysts covering the Internet, and has earned consistent recognition in the sector as an All-Star researcher by Institutional Investor magazine. He holds the Chartered Financial Analyst designation and is a former Chairman of the Media and Entertainment Analysts of New York Investment Society. Mr. Baker earned a Bachelor of Arts degree from Yale College.