ABM Promotes Rene Jacobsen to Chief Operating Officer

Rhea-AI Summary

ABM, a facility solutions provider, has appointed Rene Jacobsen as Executive Vice President and Chief Operating Officer, effective November 1, 2020. Jacobsen has been pivotal in enhancing operational efficiencies since 2019 and previously held the role of Executive Vice President and Chief Facilities Officer. He will now oversee operations across all business segments. With over 30 years of experience in facility services, Jacobsen's leadership during the COVID-19 pandemic has been lauded. ABM operates with revenues of approximately $6.5 billion and over 140,000 employees.

Positive

• Appointment of Rene Jacobsen as COO indicates strong leadership continuity.
• Jacobsen's operational efficiencies have been impactful since 2019.
• Company's extensive revenue of approximately $6.5 billion demonstrates robust business scale.

Negative

• None.

News Market Reaction – ABM

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In the trading session that priced this news, ABM declined 1.73%, reflecting a mild negative market reaction.

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NEW YORK, Nov. 03, 2020 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of facility solutions, today announced Rene Jacobsen as the Company’s Executive Vice President and Chief Operating Officer, effective November 1, 2020. Previously, the Company’s Executive Vice President and Chief Facilities Officer, Jacobsen will continue to report to President and Chief Executive Officer, Scott Salmirs.

Salmirs stated, “Rene has been instrumental to our service delivery and business transformation over the years. Furthermore, his operational leadership during the COVID-19 pandemic has been exemplary. In his new role, I am confident Rene’s contributions will drive results as we continue to navigate the current environment and prioritize the needs of our clients and employees.”

Since 2019, Jacobsen has been responsible for driving operational efficiencies and enhancing productivity across ABM’s Business & Industry, Aviation, Education, and Technology & Manufacturing segments. In his new role, he will lead operations for all business segments within the Company, including Technical Solutions.

Jacobsen joined ABM in 2012 as Executive Vice President of ABM’s West Region. With more than 30 years of global experience leading large, complex service organizations within the facility services industry, he has also served as Executive Vice President and President of Business & Industry, ABM’s largest operating segment.

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ABOUT ABM

ABM (NYSE: ABM) is a leading provider of facility solutions with revenues of approximately $6.5 billion and more than 140,000 employees in 350+ offices throughout the United States and various international locations. ABM’s comprehensive capabilities include janitorial, electrical & lighting, energy solutions, facilities engineering, HVAC & mechanical, landscape & turf, mission critical solutions and parking, provided through stand-alone or integrated solutions. ABM provides custom facility solutions in urban, suburban and rural areas to properties of all sizes - from schools and commercial buildings to hospitals, data centers, manufacturing plants and airports. ABM Industries Incorporated, which operates through its subsidiaries, was founded in 1909. For more information, visit www.abm.com.

CONTACT

Media:
Jennifer Miller
(678) 595-0524
jennifer.miller@abm.com 

Investor Relations & Treasury:
Susie A. Kim
(212) 297-9721
susie.kim@abm.com