J?n Lindegaard steps down as Group CEO of ISS; Jeff Gravenhorst is appointed new Group CEO
(Thomson Reuters ONE) - ISS Holding A/S - High Yield Notes due 2016ISS Global A/S - Euro Medium Term Notes due 2010 and 2014ISS Financing Plc - Senior Notes due 2014Copenhagen, 2 February 2010 - As of 31 March 2010 J?n Lindegaard will stepdown as Group CEO of ISS to devote time on work in various Boards and to pursueprivate activities. J?n Lindegaard has accepted an invitation to join theBoard of Directors of ISS at the annual general meeting in April 2010.The Board of Directors has decided to appoint Jeff Gravenhorst (48) new GroupCEO from 1 April 2010.Chairman of the Board, Ole Andersen says, "J?n became Group CEO of ISS inAugust 2006. He has been very successful in changing and developing theorganisation and the management structure, such that ISS now has a very broadand competent management group. Furthermore, J?n has steered ISS safelythrough a difficult time and increased the company's focus on operationalexcellence, through the implementation of the strategy plan 'The ISS Way', andby creating a new global organisation focussed on large international customers.Thus, he is leaving an ISS which is well positioned for profitable growth. Ilook forward to continuing the successful cooperation with J?n when he joinsthe Board of Directors."Jeff Gravenhorst's career with ISS began in April 2002 as CFO for ISS in the UK.In October 2005 he was promoted to Group CFO and became a member of theExecutive Group Management and in April 2008 he became Group COO.Chairman of the Board, Ole Andersen says, "Jeff has a deep and thoroughknowledge of the service industry in general and of ISS' operations inparticular. He has played a very important role in the development andimplementation of 'The ISS Way', and I am convinced that Jeff is the rightperson to lead the ISS Group and realise its considerable existing potential forgrowth and value creation."J?n Lindegaard says, "ISS is a fantastic company, and I am proud of my yearsas CEO of the company. The global financial crises made it necessary tostreamline our operations further after many years with a very high level ofacquisitions. We have done so through the implementation of 'The ISS Way'strategy and I look forward to continuing the value creation as a member of theBoard of Directors. Jeff and I have worked closely together and I am certainthat Jeff is the best qualified and the right successor. Therefore it is withgreat pleasure that I pass the torch on to him."Jeff Gravenhorst says, "ISS is standing on a very strong foundation, which Ilook forward to continue building on. During the next couple of years we willcontinue our current strategy of utilising the platform we have created,focusing on international customers and further developing our salescompetencies. It is going to be a very exciting journey, which ISS is wellprepared for, and which I am proud to be leading soon.For further information, please contact:Ole Andersen, Chairman of the Board of DirectorsTel.+ 45 38 17 00 00J?n Lindegaard, Group CEOTel: +45 38 17 00 00Jeff Gravenhorst, Group COO (future Group CEO)Tel. +45 38 17 00 00About the ISS GroupThe ISS Group is one of the world's leading Facility Services Groups, providingintegrated service solutions based on the core business areas of Cleaning,Catering, Support Services, Property Services and Security. The ISS Group hadannual revenues of almost DKK 69 billion in 2008 and employs more than 485,000people in over 50 countries across Europe, Asia, North America, Latin Americaand Pacific.[HUG#1379454]
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Datum: 02.02.2010 - 03:59 Uhr
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