The chief financial officer TMP Worldwide Inc. has resigned amid a management shake-up of some of the many CEO titles at the career services company, including its Monster.com division.

The New York-based TMP said Bart Catalane resigned to take a senior management position at another company and that Bob O'Connell, formerly group president of Monster.com, would become acting CFO in the meantime.

Jeff Taylor, who was CEO of TMP's Monster.com job site division, is now a Global Director of the interactive division and will report directly to TMP Worldwide CEO Andrew McKelvey, the company said.

The change is part of a new Office of the Chairman the company created, with senior executives from the Monster.com and TMP ranks now reporting directly to McKelvey and the Office of the Chairman.

In addition to the changes for the 41-year-old Taylor, other CEO titles got the switch in the Monster.com division. Peter Dolphin, 54, who was CEO of Advertising & Communications, was named Global Director of Advertising and Communication, reporting to McKelvey; Andrew Banks, 49, who was CEO of the eResourcing Group, was appointed Global Director of eResourcing and is to report to the new Office of the Chairman. Paul Camara, 53, is expected to continue in his role as executive vice president

Jim Treacy is also taking on the role of president of TMP Worldwide to add to his duties as chief operating officer and would also report to McKelvey, the company said. Prior to the announcement, the 43-year-old Treacy had been an executive vice president.

Company officials called the changes strategic moves, a reorganization that would "optimize the execution of its strategic vision, capitalizing on the synergies between its business segments, enhancing its ability to cross-sell its diversified product line to existing clients, and drive revenue and profitability growth."

Others just saw a consolidation of power and a further realignment among senior ranks that would de-emphasize the role that Monster.com plays in the TMP Worldwide organization.

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A company spokesman disagreed, calling Monster.com the company's flagship brand and the realignment a decentralization of TMP into geographic divisions.

For example, TMP now is broken into North America, Europe and Asia Pacific divisions. The previously mentioned Global Directors will also head up those divisions but will report to Treacy, who is to be president of the North America group on an interim basis, the company continued.

Advertising and Communications Global Director Dolphin is to also head up the Europe office as Group President and McKelvey, the current top CEO, will serve as Group President of the Asia.

Notably missing from the new geographic announcements, however, is any role for Taylor. The company said the regional structure would enable it to reduce operational duplications.

The announcement made no mention of any possible changes at HotJobs.com, the New York-based firm which was acquired by TMP Worldwide in June for approximately $460 million.