Richard Fink to retire as Chairman, G&K Services in Dec
29 Aug '05
4 min read
The company also announced that Richard L. Marcantonio, currently President and Chief Executive Officer, is named Chairman of the Board, replacing Fink, and the company's Chief Executive Officer. Marcantonio, age 55, has served as President and Chief Executive Officer of the company since January 1, 2004, prior to which he had been President and Chief Operating Officer of the company since July 2002.
"I am deeply honored to have earned the continued trust of the Board of Directors, and look forward to a robust future of growth and success for G&K," stated Marcantonio. "At the same time, I understand the huge legacy being left here by Dick Fink as he enters his retirement. As Pippin indicates, Dick has been my mentor over the years and all of us with ties to G&K owe him our gratitude and admiration."
"Rick Marcantonio has demonstrated during his tenure with the company and in his leadership on the Board a keen business sense and an attention to detail and business integrity that deserves our support and respect," stated Pippin. "The members of the Board look forward to working with him in helping to take the company to ever greater levels of success."
The company's Board of Directors also created a new position of Presiding Director, in a move consistent with best practices in public corporate governance, and elected Pippin to the post. Chosen from among the Board's independent directors, the Presiding Director will work with the Chairman to help assure the Board operates as a true strategic partner of management in serving the interests of the company's shareholders.
marketing@alchempro.com
