ServiceMaster Co. CEO Hank Mullany has resigned and John Krenicki Jr. will serve as interim CEO until a successor is found.
Krenicki joined the company earlier this year as chairman of ServiceMaster Global Holdings, the parent company of ServiceMaster, and a senior partner at the private equity firm Clayton, Dubilier & Rice (CD&R). 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,” Krenicki said.
Before 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. He earned a bachelor of science degree in mechanical engineering from the University of Connecticut and a master of science degree in management from Purdue University.
“We are excited about the future for ServiceMaster,” Krenicki said. “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 TruGreen and Terminix.
Krenicki said he’s looking forward to the opportunity to lead ServiceMaster and continue its rich tradition of service.
