Brett Ponton, ServiceMaster CEO.
ServiceMaster to Rebrand as Terminix
ServiceMaster Global Holdings has confirmed it will rebrand as Terminix Global Holdings on the expected completion of the acquisition of the ServiceMaster Brands business by Roark Capital in the next 30 days.
The company has also confirmed its ticker symbol on the New York Stock Exchange (NYSE) will change to 'TMX', with an associated CUSIP (securities clearing reference) changing to 88087E100.
Brett Ponton has also commenced in his new role as the company's CEO, with Naren Gursahaney continuing as non-executive Chairman of the Board of Directors after serving as interim chief executive officer over the past eight months.
Ponton says: "I am excited to join the Terminix team.
"People are at the heart of this great business and leading brand, and I look forward to working closely with our executive leadership team, field managers, and customer-facing employees, as I learn the operating procedures, culture and key customer dynamics that are so important to our success.
"As a pure-play pest control company we will greatly enhance our customer focus through service excellence, retention improvement, and performance consistency, that will ultimately lead to increased shareholder value."