Taleo Appoints Jeffrey Stiefler to its Board of Directors

Taleo (NASDAQ: TLEO), the provider of on demand talent management solutions, today announced that Jeffrey Stiefler has been appointed to its board of directors.

Jeff's experience with growing and managing billion-dollar companies will be invaluable to Taleo as we enter our next phase of growth, said Michael Gregoire, Chairman and CEO of Taleo. We are thrilled to have a proven executive like Jeff join our Board. I'm confident he will be a great contributor to our future success.

Stiefler has more than 30 years of experience as an executive officer in the financial services and technology industries, previously serving as President of Intuit Inc.'s Financial Institution Division. Stiefler joined Intuit after its $1.4 billion acquisition of Digital Insight in February of 2007, where he served as Chairman, President, and CEO. During his tenure, Digital Insight's market capitalization tripled, driven by rapid and consistent growth in revenue and operating income.

Stiefler joined Digital Insight following several years of experience with leading private equity firms. He was an advisor for North Castle Partners and an Operating Partner for McCown DeLeeuw & Company, where he served as Chairman or Chief Executive Officer for several service outsourcing companies. Stiefler delivered significantly improved financial performance and excellent returns to shareholders.

Previously, Stiefler was President and a Director of American Express Company and President and CEO of IDS Financial Services Corporation (which became American Express Financial Advisors and then Ameriprise). During his tenure at IDS, the company's operating income increased tenfold, driven primarily by rapid growth and productivity in the sales organization. Earlier in his career, Stiefler held several positions within Citicorp's Consumer Banking Group, including the retail banking and consumer lending divisions.

Stiefler has served as director of a number of publicly and privately held companies, including American Express Company, Digital Insight, LPL, National Computer Systems, Education Lending Group, CRC Health and TeleSpectrum, as well as philanthropic institutions including The Salk Institute, Minnesota Business Partnership, Minneapolis Symphony and Carlson School of Management. He received a BA from Williams College and MBA from Harvard Business School. Stiefler currently serves as Venture Partner with Emergence Capital, a leading venture capital firm focused on early and growth-stage technology-enabled services companies.