ServiceMaster Provides Update on Spin-off of American Home Shield, Announces Interim President of AHS
Company Added
Company Removed
Apply to Request List

ServiceMaster Provides Update on Spin-off of American Home Shield, Announces Interim President of AHS

MEMPHIS, Tenn. - (BUSINESS WIRE) - March 26, 2018 - ServiceMaster Global Holdings, Inc. (NYSE: SERV), a leading provider of essential residential and commercial services, today provided the following update in connection with its previously announced spin-off of American Home Shield.

The spin-off continues to be on track to be completed in the third quarter of 2018. In connection with the spin-off, ServiceMaster previously initiated a search for a dynamic chief executive officer to continue to drive the strong performance of American Home Shield, while also helping it pursue distinct strategies and growth opportunities available to it as a separate public company following the spin-off.

Following the commencement of this search, Tim Haynes, president of American Home Shield, has decided to leave ServiceMaster to pursue other interests.

Steve Hochhauser will serve as interim president of American Home Shield to provide a smooth transition until the hiring of a permanent chief executive officer for the company.

“We are grateful for Tim’s contributions to ServiceMaster during his time with us and very pleased to have Steve join us to provide interim leadership to American Home Shield as we continue to prepare for a successful separation from ServiceMaster,” said ServiceMaster Chief Executive Officer Nik Varty. “Steve’s extensive leadership experience with a number of large organizations and outstanding management skills makes him well-suited to guide AHS through this exciting period.”

Steve has held a variety of leadership positions, including chairman and chief executive officer of Johns Manville and executive positions at Ingersoll Rand, Honeywell and United Technologies. Steve has served on a number of private company boards of directors and currently serves as the chairman of the board of a private chemicals company.

About ServiceMaster Global Holdings, Inc.

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 for more information about ServiceMaster or follow the company at or ServiceMaster is the Official Home Services Provider of Minor League BaseballTM.


Michael Wassmer
ServiceMaster Global Holdings, Inc.
Media Relations

Brian Turcotte
ServiceMaster Global Holdings, Inc.
Investor Relations

SOURCE ServiceMaster Global Holdings, Inc.



comments powered by Disqus

Franchise News Room »

News By Industry »

Featured Opportunities

Jon Smith Subs
As a Jon Smith Subs franchisee you'll be giving customers what they truly want with a wide range of customized options.
American Family Care
The demand for health care services increases every year. People want and need access to health care on their terms - which usually means immediately!
Quaker Steak & Lube®
Founded in 1974 in Sharon, PA, the award-winning casual dining restaurant chain has expanded over 55 locations throughout the United States and Canada
LaRosa Grill
La Rosa started as a single restaurant in 1994 that has grown today, into a food chain for the most discriminating of taste, authenticity & value.
Launch Trampoline Park
Launch Trampoline Park is an indoor sports and entertainment facility featuring interconnected trampolines that form a giant jumping surface. Our...
Share This Page

Subscribe to Our Newsletters

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2019.
All Rights Reserved.