Andrew J. McKelvey Resigns As Chairman and CEO of Monster Worldwide; To Remain Board Member and Elected Chairman Emeritus

Monster Worldwide, Inc. (NASDAQ: MNST) today announced that
founder Andrew J. McKelvey, 71, has resigned as Chairman and Chief
Executive Officer. Mr. McKelvey will remain on the Company's Board of
Directors and has been elected Chairman Emeritus. The Company's Board
of Directors has promoted William M. Pastore, 58, to the position of
Chief Executive Officer and appointed him to the Board of Directors
effective immediately.

Mr. Pastore joined Monster Worldwide as Chief Operating Officer
(COO) in October of 2002 and was promoted to President and COO in
February 2006. In these roles, he has directed all of the Company's
operations, overseeing strategic planning and tactical execution in
North America, Europe and Asia.

Monster Worldwide stated that the Board of Directors has
established an Executive Committee of independent Board members,
consisting of Sal Iannuzzi, Chairman of the Committee, John Gaulding
and Ron Kramer. The Company said that the Board of Directors believes
this structure will allow Monster Worldwide to further benefit from
the three independent Board members' business insight and corporate
governance experience.

"It is certainly not easy to leave my daily responsibilities at
the Company I have worked for during the past 39 years," said Mr.
McKelvey. "At this stage in my life, I simply can no longer dedicate
the number of hours required by Monster's rapid global growth and the
additional demands of time associated with the ongoing historical
stock option grant review. I believe that these managerial changes
will assist the Company in addressing the challenges that it faces
today. Monster's continued growth and success have always been, and
remain, my number one priority."

Mr. McKelvey added, "Bill Pastore is a proven leader. Since
joining Monster, Bill's results-driven approach has helped to sharpen
Monster's strategic focus, expand our global presence and incubate new
revenue sources, while also improving the Company's operating
efficiency. Bill has consistently set high standards and goals for
Monster, which have been met and often exceeded. Bill possesses a
proven ability to develop winning strategies and translate them into
executable plans that fully capitalize on Monster's tremendous
opportunities. Given his unyielding dedication to our employees,
clients, job seekers and shareholders, I am confident that Bill will
steer Monster Worldwide forward and direct the Company's ongoing
success and vitality as the leader of the global online recruitment
sector."

"I am also highly confident that Sal Iannuzzi, a knowledgeable and
seasoned business leader who cares deeply about governance and
corporate values, is the ideal individual to serve as Monster
Worldwide's Chairman of the Executive Committee. The company has
already benefited from Sal's insight, and experience interacting with
regulators and government agencies," added Mr. McKelvey.

"I am deeply honored to accept the responsibility of serving as
Monster Worldwide's President and CEO," said Mr. Pastore. "I look
forward to working with the Board of Directors, and to leading
Monster's highly capable senior management team toward making Monster
Worldwide the enduring leader, innovator and driver of growth within
the global online recruitment market."

Prior to joining Monster Worldwide, Mr. Pastore directed
operations, sales and marketing, technology, and customer service
areas for Cigna Healthcare. He also spent nearly 25 years with
Citibank, N.A., where he held numerous senior roles of increasing
leadership and operational responsibilities.

Mr. McKelvey concluded, "As the Company's largest individual
shareholder, I remain extremely positive about Monster's future, and
look forward to serving as Chairman Emeritus, remaining on the Board
and contributing to Monster's category leadership in the years ahead."

The Board of Directors expressed the thanks of the Company and its
shareholders to Mr. McKelvey for his outstanding contributions in
creating Monster Worldwide and guiding it to its current, pre-eminent
position. On behalf of the Board of Directors, Sal Iannuzzi said, "It
exemplifies Andy McKelvey's devotion to Monster that given the
additional demands of time, he would voluntarily step down. We look
forward to Andy's continued participation as a director."

Sal Iannuzzi, 52, is currently President and Chief Executive
Officer of Symbol Technologies, based in Holtsville, New York. An
expert in achieving world-class operational performance and in leading
large organizations, Mr. Iannuzzi has held a variety of leadership
positions throughout his career. Mr. Iannuzzi also serves on the Board
of Directors for Symbol Technologies.

John Gaulding, 61, has served on the Board since June 2001, and
also served as a director of the Company from January 1996 to October
1999. Mr. Gaulding is a co-founder and director of Sage Partners LLC,
a strategy and governance advisory firm. He was formerly Chairman and
Chief Executive Officer of National Insurance Group, a publicly traded
financial information services company. He currently serves on the
Boards of YPG Inc., a Montreal-based media services company, ANTS
Software, a developer of high performance database software, and is
Chairman of ATS, Inc., a secondary ticketing provider for
entertainment venues in London.

Ronald J. Kramer, 47, has been a director of the Company since
February 2000. Mr. Kramer has served as President and director of Wynn
Resorts, Limited, a developer, owner and operator of hotel and casino
resorts since April 2002. Previously, he was a managing director of
Dresdner Kleinwort Wasserstein. Mr. Kramer is also a member of the
board of trustees of Republic Property Trust, a real estate investment
trust, and a director of Griffon Corporation, a diversified
manufacturing company.

About Monster Worldwide

Founded in 1967, Monster Worldwide, Inc. is the parent company of
Monster(R), the leading global online careers and recruitment
resource. Headquartered in New York with approximately 4,200 employees
in 36 countries, Monster Worldwide (NASDAQ: MNST) is a member of the
S&P 500 Index and NASDAQ 100. More information about Monster Worldwide
is available at www.monsterworldwide.com.

Special Note: Safe Harbor Statement Under the Private Securities
Litigation Reform Act of 1995: Except for historical information
contained herein, the statements made in this release constitute
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act
of 1934. Such forward-looking statements involve certain risks and
uncertainties, including statements regarding Monster Worldwide,
Inc.'s strategic direction, prospects and future results. Certain
factors, including factors outside of Monster Worldwide's control, may
cause actual results to differ materially from those contained in the
forward- looking statements, including economic and other conditions
in the markets in which Monster Worldwide operates, risks associated
with acquisitions, competition, seasonality and the other risks
discussed in Monster Worldwide's Form 10-K and other filings made with
the Securities and Exchange Commission, which discussions are
incorporated in this release by reference.