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ServiceMaster Taps Leader to Drive Spin-off and Enhanced Focus on Business Development

Newcomer Dion Persson brings strong experience in these areas

MEMPHIS, Tenn.--(BUSINESS WIRE)-- ServiceMaster Global Holdings, Inc. (NYSE: SERV), a leading provider of essential residential and commercial services, today announced the appointment of Dion Persson to senior vice president of business development for ServiceMaster. Reporting to ServiceMaster CEO Nik Varty, Persson will be responsible for developing and executing a well-structured process for spinning off the company’s American Home Shield business into a new stand-alone, public company in 2018.

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ServiceMaster announces the appointment of Dion Persson as senior vice president of business development. Persson will lead the process of spinning off the American Home Shield business unit in 2018, and be responsible for advancing all business development activities for ServiceMaster. (Photo: Business Wire)

In his new role, Persson also will be responsible for identifying and advancing all business development activities for the company. This includes directing and evaluating new marketplace opportunities, such as strategic partnerships, mergers, and acquisitions that support ServiceMaster’s strategic growth and development plans – with the goal of positioning two successful publicly traded companies in 2018.

“Dion is a strong leader with proven experience in spin-offs and business development and, under his guidance, we will execute plans to ensure both ServiceMaster and American Home Shield have the opportunity to realize their respective growth potential and deliver enhanced long-term value for shareholders,” said Nik Varty, ServiceMaster CEO. “We have a steadfast commitment to meet the expectations of our customers, employees, and shareholders. Dion’s leadership and solid track record in the business development space will guide our efforts for growing both companies and maximizing shareholder value.”

Prior to joining ServiceMaster, Persson served as vice president of strategy and analytics for Ingersoll Rand, a leading global provider of products, services and solutions, including many designed to enhance the quality, comfort and security of homes and buildings. He joined the company in 2011 as vice president, strategy and business development for the Residential Solutions sector, where he worked with the Trane heating and cooling and Schlage security businesses. He also served as the business leader for the Ingersoll Rand home automation business and led a strategy refresh in connection with the spin-off of Allegion plc.

Persson also served as senior vice president and general counsel and head of human resources at Johns Manville, a Berkshire Hathaway company, and was the business leader for its global fiberglass business. He previously worked for the Wall Street M&A law firm Skadden Arps, LLP.

Persson holds a bachelor of science degree in accounting from Brigham Young University and a juris doctor (J.D.) degree from Yale Law School.

ServiceMaster (NYSE: SERV) solves the homeowner's dilemma. Every day, we visit more than 75,000 homes and businesses through our extensive service network of expert professionals. Technology powers our trusted experts to engage with customers so they can order, buy and receive services when, where and how they want them. Our well-recognized brands include American Home Shield (home warranties), AmeriSpec (home inspections), Furniture Medic (furniture repair), Merry Maids (residential cleaning), ServiceMaster Clean (janitorial and residential floor cleaning), ServiceMaster Restore (disaster restoration) and Terminix (termite and pest control). ServiceMaster is the Official Home Services Provider of Minor League BaseballTM. Like, follow or visit us at facebook.com/ServiceMaster, linkedin.com/ServiceMaster, twitter.com/ServiceMaster, or servicemaster.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171002006489/en/

ServiceMaster
Media:
Pete Tosches, 901-597-8449
Peter.Tosches@servicemaster.com
or
Investor Relations:
Brian Turcotte, 901-597-3282
Brain.Turcotte@servicemaster.com

Source: ServiceMaster