ServiceMaster Names American Home Shield Chief Financial Officer in Advance of Spin
MEMPHIS, Tenn.--(BUSINESS WIRE)--ServiceMaster Global Holdings, Inc. (NYSE: SERV), a leading provider of essential residential and commercial services, today announced it has promoted Brian K. Turcotte to chief financial officer of American Home Shield, leading up to the spinoff of that business.
“Brian has been an outstanding leader and has delivered significant value to ServiceMaster in various leadership roles over the last five years,” said Nik Varty, ServiceMaster chief executive officer. “His incredible experience in finance and operations positions him well to help launch and lead American Home Shield as it spins off into an independent company. I am excited to see Brian take the lead finance role at AHS and I am confident he will provide the same excellent support to Rex Tibbens and his team that I have come to expect during my time at ServiceMaster.”
Most recently, Turcotte served as vice president of investor relations and treasurer for ServiceMaster, ensuring an excellent communication cadence with investors and analysts and providing strong leadership for treasury operations and revenue cycle management.
Previously he served as the business unit chief financial officer for American Home Shield and the Franchise Services Group, as well as vice president of finance for the consolidated marketing organization. Turcotte was also instrumental in ServiceMaster’s Initial Public Offering filed in June, 2014. His rich experience with American Home Shield, as well as his solid foundation working with the capital markets, will be a key asset in American Home Shield’s launch as a public company with an exciting runway for strong growth.
Rex Tibbens, president and chief executive officer of American Home Shield, also recognized the importance of this role in ushering American Home Shield into the public markets and continuing to support growth and value creation of the business.
“I’m thrilled to have Brian onboard to help build out our dynamic team and prepare for the spinoff,” said Tibbens. “His understanding of our business and the customer experience gives us the ability to continue our growth trajectory while identifying ways to reduce the friction in our customers’ lives.”
Turcotte came to ServiceMaster after six years at Office Depot, where he served as vice president, finance and investor relations, leading the shareholder communications effort, as well as having financial reporting responsibility for the company’s operations in Asia and Latin America. He also worked at Xylem Global Partners, a New York-based asset management firm, where he was vice president and equity analyst. Prior to that, Turcotte spent more than 25 years with International Paper holding a variety of leadership positions in investor relations, sales and marketing, global product development, and other functions at locations across the United States.
Turcotte holds a degree in engineering from the State University of New York at Syracuse University, and earned his MBA in International Business and Finance from New York University.
ServiceMaster Global Holdings, Inc. is a leading provider of essential residential and commercial services, operating through an extensive service network of more than 8,000 company-owned locations and franchise and license agreements. The company’s portfolio of well-recognized brands includes American Home Shield (home service plans), AmeriSpec (home inspections), Furniture Medic (cabinet and furniture repair), Merry Maids (residential cleaning), ServiceMaster Clean (janitorial), ServiceMaster Restore (disaster restoration) and Terminix (termite and pest control). The company is headquartered in Memphis, Tenn. Go to servicemaster.com for more information or follow the company at twitter.com/ServiceMaster or facebook.com/ServiceMaster.