ManpowerGroup Inc. has announced a leadership transition effective January 1, 2027. The company’s Board of Directors has appointed Rebecca Frankiewicz, the company’s current President and Chief Strategy Officer, as the new Chief Executive Officer. Concurrently, Jonas Prising, the current Chair and CEO, will transition to the role of Executive Chair of the Board, effective the same date.
Frankiewicz, age 55, will also join the Board of Directors as a new member. She will stand for election as a director at the company’s 2027 annual meeting of shareholders. The Board also approved an increase in its size from eleven to twelve directors in connection with this transition.
Frankiewicz has served in various leadership roles within ManpowerGroup since 2017, including President of North America and Chief Commercial Officer. Prior to joining the company, she served as General Manager of Quaker Foods North America at PepsiCo, Inc., and has served as a director of Energizer Holdings, Inc. since January 2020.
In connection with her appointment as CEO, Frankiewicz’s annual base salary was increased to $1,150,000, and her target annual cash incentive was increased to 150% of her base salary. She is also eligible for a 2027 target long-term incentive opportunity valued at $7,500,000. Additionally, the company amended and restated her severance letter agreement, increasing the severance payment upon termination during a Change of Control or Protected Period to three times the sum of her annual base salary and target bonus.
Jonas Prising will serve as Executive Chair through December 31, 2027, at which time he will step down from the Board. His compensation as Executive Chair includes an annual base salary of $1,000,000 and a target annual bonus opportunity of 140% of his salary. He is also eligible for a 2027 target long-term incentive opportunity of $5,200,000.
