New Terminix Leader Appointed to Grow Residential Business

ServiceMaster dedicates focus to residential pest control and termite market to drive accelerated growth and profitability

Friday, October 20, 2017 7:00 am CDT

Dateline:

MEMPHIS, Tenn.

Public Company Information:

NYSE:
SERV

ServiceMaster Appoints New Terminix Leader to Grow Residential Business

MEMPHIS, Tenn.--(BUSINESS WIRE)--ServiceMaster Global Holdings, Inc. (NYSE: SERV), a leading provider of essential residential and commercial services, today announced it has named Matthew (Matt) Stevenson as president of its Terminix residential pest control and termite business.

In his new role, Stevenson will report directly to ServiceMaster Chief Executive Officer Nik Varty. Stevenson will have full P&L responsibility for the Terminix Residential business and will be focused on driving growth and profitability in the $5 billion residential pest control and termite market.

“Putting dedicated focus on the residential market will allow us to leverage our understanding of the homeowner’s specific pest and termite control needs into unique offerings to attract and retain customers, and accelerate growth,” said Varty.

“The route to faster growth in Terminix, and all of our ServiceMaster businesses, begins with a leadership team that drives a performance culture, is accountable for results, and keeps its commitments to customers and shareholders,” said Varty. “Matt is an accomplished executive with an impressive track record of generating multimillion-dollar sales growth, building world-class organizations and expanding revenue streams. We’re excited to have him join our team.”

Stevenson joins ServiceMaster from Meritor WABCO, in Detroit, where he served as president and general manager. At Meritor WABCO, Matt transformed an underperforming business and significantly improved many areas including sales, operations, and marketing, and repositioned the business for greater profitability, growth, and long-term success.

Prior to WABCO, Matt spent three years in a variety of executive sales, marketing and operations roles at Bridgestone Americas, Inc., the largest tire producer in the world, with more than 140 facilities in 24 countries, based in Nashville. While at Bridgestone, he was responsible for substantial market share growth and tapped into $200 million in new top-line growth opportunities working closely with distributors, franchisees, and company owned branches. Prior to Bridgestone, Matt spent 10 years in a variety of sales, marketing and strategy roles at Daimler Trucks North America, the commercial vehicle division of German Daimler AG. He graduated with a bachelor of science degree in management from Kettering University and holds an MBA from the University of Michigan, Ross School of Business.

ServiceMaster Global Holdings, Inc. (NYSE: SERV) is a leading provider of essential residential and commercial services, operating through an extensive service network of more than 8,000 company-owned locations and franchise and license agreements. The company’s portfolio of well-recognized brands includes American Home Shield (home warranties), AmeriSpec (home inspections), Furniture Medic (furniture repair), Merry Maids (residential cleaning), ServiceMaster Clean (janitorial), ServiceMaster Restore (disaster restoration) and Terminix (termite and pest control). We serve residential and commercial customers through an employee base of approximately 13,000 company employees and a franchise network that independently employs an estimated 33,000 additional people. The company is headquartered in Memphis, Tenn. Go to www.servicemaster.com for more information about ServiceMaster or follow the company at twitter.com/ServiceMaster or facebook.com/ServiceMaster. ServiceMaster is the Official Home Services Provider of Minor League BaseballTM.

Multimedia Files:

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Matthew Stevenson (Photo: Business Wire)

Contact:

ServiceMaster Global Holdings, Inc.
Pete Tosches, 901-597-8449
Peter.Tosches@servicemaster.com