Teminix Appoints EVP and CFO Designate
Terminix has appointed Robert (Bob) Riesbeck as executive vice president and Chief Financial Officer designate.
Riesbeck, who assumes the position of EVP immediately, will additionally become CFO on the retirement of current holder of the position and senior vice president, Tony DiLucente, in early 2021.
DiLucente, who joined the company in January 2017, has played an instrumental part in the group's transformation, including the spin-off of American Home Shield into the publicly traded company frontdoor, inc., the international expansion of Terminix, the sale of the ServiceMaster Brands franchise segment, and the ultimate transition of Terminix into a pure-play pest control company.
Riesbeck was previously at Pier 1 Imports where he served as chief executive officer and board member, after being promoted from CFO. He has a track record of operational improvement, financial discipline and acquisition integration excellence at large multi-unit distributed service organizations. He is widely recognized as an inclusive, measured and opportunistic business strategist, who partners with operational and support functions to develop impactful financial models and discipline that prevent margin erosion and drive immediate performance improvement.
Announcing the appointment, CEO, Brett Ponton, said: "I want to thank Tony for his contributions to Terminix and I wish him well in his well-earned retirement. He has been vital in my onboarding to Terminix over the last few months. His leadership and stability during the pandemic and recent leadership and organizational transition was instrumental in creating positive momentum in the business and driving shareholder value.
"I am excited to welcome an experienced business partner who will continue the progress already underway at Terminix. Bob’s history of supporting transformational change and growth through financial discipline and data-driven decision making in operations and finance roles will be vital as we work to accelerate organic growth and drive margin expansion."
"I am eager to partner with the senior leadership team and support our 10,000 front-line teammates at Terminix," added Riesbeck. "The strong Terminix brand, impeccable balance sheet, and considerable growth outlook for the pest management industry position Terminix for an exciting future; and I look forward to applying my operational experience with distributed workforces to continue improving the teammate and customer experience that will drive shareholder value for years to come."