Hewitt Announces CEO Retirement

June 15, 2006 (PLANSPONSOR.com) - Human resources company Hewitt Associates Inc. has announced that its chairman and chief executive officer Dale Gifford plans to retire at the end of December.

According to the announcement, Gifford has served as CEO at Hewitt since 1992. The company’s board of directors will begin an external search for a replacement for Gifford.

“I feel extremely privileged to have served Hewitt and our clients for more than 30 years, and have a great sense of pride in our 22,000 worldwide associates and the leadership position they have created for Hewitt across the total spectrum of human resources outsourcing and consulting services,” said Gifford, in the announcement. “Our priority in this transition is for Hewitt to fully capitalize on the opportunities that lie ahead with a new leader who has broad capabilities, including world-class operations and execution experience, and who can build on the unique value Hewitt brings to the market through the combination of its consulting and outsourcing services.”

In addition, Hewitt announced that Julie Gordon, Hewitt’s chief business excellence officer and a member of its board of directors since 2000, will assume responsibility for Hewitt’s HR outsourcing business as its acting president, effective immediately. She succeeds Bryan Doyle who has resigned his position with the company and the Board to pursue other opportunities.