MEMPHIS, Tenn. — April 12, 2013 — The ServiceMaster Company has announced John Krenicki, Jr. will serve as the company’s interim CEO while it searches for a successor to Hank Mullany, who resigned today.
Krenicki joined the company earlier this year as chairman of ServiceMaster Global Holdings, Inc., the parent company of ServiceMaster, and a senior partner at the private equity firm Clayton, Dubilier & Rice. CD&R was among the equity sponsors that acquired ServiceMaster in 2007. The company said there’s no specific timetable for hiring a new CEO; Krenicki will serve in the dual roles of chairman and CEO while the search is conducted.
“We appreciate Hank’s contributions and wish him continued success in the future,” said Krenicki.
Prior to joining CD&R, Krenicki spent a highly successful 29-year career with GE, where he served as the company’s vice chairman, and president and chief executive officer of its $50 billion GE Energy division.
“We are excited about the future for ServiceMaster,” said Krenicki. “It starts with the more than 20,000 associates who passionately care about our brands and the 8 million customers we serve every year. We also have an experienced leadership team that’s motivated to deliver results.”
ServiceMaster’s subsidiaries include some of the world’s leading residential and commercial brands, including Terminix, TruGreen, American Home Shield, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec.
Under Krenicki’s leadership, GE Energy became GE’s largest operating unit, encompassing its Oil and Gas, Power and Water and Energy Management businesses, which together employed more than 100,000 people in more than 165 countries.
Krenicki said he’s looking forward to the opportunity to lead ServiceMaster and continue its rich tradition of service.