- Signs for push-out forces
- After almost four years on the job
- Laud, praise and thanks for Haughie
- Tony DiLucente taking over
(management-change.com) — Memphis, Tennessee, January 18, 2017 — Alan Haughie, finance chief of ServiceMaster, leaves. It is a change at short notice. As announced by ServiceMaster Global Holdings, Inc. in a news release and in a regulatory filing published on Wednesday, January 18, 2017, Alan Haughie leaves the post as chief financial officer at the provider of residential and commercial services in a surprising move after almost four years on the job.
Alan Haughie will retire in March 2017, following the announcement of the Company’s financial results for the quarter and year ended December 31, 2016 and the filing of its Annual Report on Form 10-K for the year ended December 31, 2016.
Haughie’s duties are taken over by Tony DiLucente, most recently chief financial officer at HDT Global.
The fact that Haughie’s successor is brought in from outside suggests that the board may seek to stimulate change with fresh ideas and new initiatives.
“To pursue other interests”
The imminent management change is explained as follows. Haughie said: “I’ve thoroughly enjoyed my time with Rob [Gillette, ServiceMaster CEO,] and the great team at ServiceMaster, but the time is right for me to pursue other interests.”
The phrase “to pursue other interests” is often used in corporate announcements and opens the door to speculation.
The company also reaffirmed its full-year 2016 outlook previously provided in its third-quarter 2016 earnings release on Oct. 25, 2016.
ServiceMaster said: “Alan Haughie, its senior vice president and chief financial officer, will retire from the company in March.”
Precise information about the future plans of Haughie was not immediately available.
Share price rise since June 2014
The change follows a rise in the share price of ServiceMaster Global Holdings, Inc. since June 2014.
Janus holds 8.41 percent stake
Janus Capital Management, LLC reported an 8.41 percent stake in ServiceMaster Global Holdings, Inc. as of September 30, 2016. Janus is a privately owned investment manager.
On the job as CFO since 2013
Alan Haughie joined ServiceMaster in September 2013 as senior vice president of finance and chief financial officer.
Haughie joined ServiceMaster with tremendous international experience, having served since 2010 as senior vice president and chief financial officer of Federal-Mogul Corporation, a diversified $6.7 billion global supplier of aftermarket products for automotive, light commercial, heavy-duty and off-highway vehicles, as well as power generation, aerospace, marine, rail and industrial equipment.
He concurrently served as CFO for the company’s power train division, its largest business segment.
Haughie’s 20-year career with Federal-Mogul included multiple international roles, including more than five years as vice president, controller and chief accounting officer for the company’s global operations, as well as various financial planning, analysis and management positions in the company’s European aftermarket business, based in Manchester, U.K.
He joined Federal-Mogul in 1994 after working in a number of audit roles with Ernst & Young L.L.P. in the United Kingdom.
Haughie is a chartered accountant and earned his bachelor’s degree in mathematics at the University of Manchester.
Signs for push-out forces
It is not completely certain what forces eventually triggered Alan Haughie’s move.
The Push-out Score™ determined by management-change.com suggests that push-out forces may have contributed to the management change.
Read the full story in the management-change.com report 04.2017 ($).