ABM Industries Names Henrik Slipsager Director and Successor to CEO William Steele.Business Editors/High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--June 20, 2000 The board of directors of ABM Industries Incorporated (NYSE NYSE See: New York Stock Exchange :ABM ABM: see guided missile. ABM - Asynchronous Balanced Mode ) announced today that Henrik C. Slipsager, 45, has joined the company's board and executive committee, and been named to succeed William Steele, 63, as ABM's president and chief executive officer following Steele's planned retirement on November 1, 2000. Steele will then continue to serve as a member of the board and executive committee of ABM. Slipsager is currently an executive vice president of ABM, and the president of ABM's Janitorial Services Division which accounts for more than half of the parent company's revenues and net income. Before joining ABM in 1997, Slipsager had been president of ABM's then largest competitor, the U.S. subsidiary of Denmark-based ISS ISS See Institutional Shareholder Services (ISS). International Service System A/S. A native of Denmark, Slipsager holds the Danish equivalents of a masters degree in business administration and a certificate in public accounting. Slipsager is in the process of relocating from New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of to San Francisco with his wife Naja and their three children ages 4-9. Upon Slipsager becoming president and chief executive officer of ABM, James P. McClure, 43, will be promoted from senior vice president to president of ABM's Janitorial Services Division. McClure will be returning to San Francisco from Houston with his wife Rexanne and their two children ages 7 and 9. Early last week, ABM reported its best ever revenues, net income and diluted net income per share for both the second fiscal quarter and first six months that end on April 30th, and earlier today announced a third quarter dividend up 11% over the corresponding quarter in 1999. ABM Industries Incorporated is the largest provider of outsourced facility services listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . With annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenues in excess of $1.7 billion and more than 57,000 employees, ABM performs air conditioning, elevator, engineering, janitorial, lighting, parking and security services for thousands of commercial, industrial and institutional customers in hundreds of cities across North America. The ABM Family of Services includes American Building Maintenance, Ampco System Parking, American Commercial Security (ACS (Asynchronous Communications Server) See network access server. ), Amtech Elevator, Amtech Lighting, ABM Engineering, ABM Janitorial, CommAir Mechanical, Easterday Janitorial Supply, and ABM Facility Services. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion