KELLY SERVICES Business Summary

Kelly Services Inc. (KELYA) operates as a global specialty talent solutions provider, generating revenue primarily through temporary staffing, permanent placement, and outcome-based services. The company’s business model is organized into three distinct segments: Science, Engineering & Technology (SET), which focuses on high-margin technical specialties; Education, providing comprehensive staffing for K-12 and higher education; and Enterprise Talent Management (ETM), which delivers large-scale workforce solutions including Managed Service Provider (MSP) and Recruitment Process Outsourcing (RPO) programs. Following the 2024 divestiture of its European staffing operations, Kelly has pivoted toward a specialty-focused, North American-centric strategy. It competes directly with global giants such as ManpowerGroup, Randstad, and Robert Half, positioning itself as a specialized alternative that leverages proprietary AI platforms like GRACE Boost to enhance recruitment efficiency in niche professional sectors. Founded in 1946 by William Russell Kelly, the company underwent a transformative leadership and ownership shift in early 2026. Christopher Layden, who assumed the role of President and CEO in September 2025, brings nearly two decades of experience from ManpowerGroup and Prolink to lead the firm's technology modernization. The executive team includes Troy Anderson as Executive VP and CFO, and Patrick McCall, who was appointed Chief Growth Officer in February 2026. In January 2026, Hunt Equity Opportunities (a subsidiary of Hunt Companies) became the controlling shareholder by acquiring 92.2% of the voting Class B common stock. Consequently, the board was reconstituted with James Christopher Hunt, CEO of Hunt Companies, serving as Chairman, alongside notable directors such as Amala Duggirala and Robert Cubbin.