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VOL. 126 | NO. 37 | Wednesday, February 23, 2011

ServiceMaster Names Mullany New CEO

By Bill Dries

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Hank Mullany, former executive vice president of Walmart U.S. and president of Walmart’s northern business, will become the new CEO of Memphis-based The ServiceMaster Co. at the end of March.

ServiceMaster executives said Tuesday Mullany will succeed J. Patrick Spainhour, who is retiring next month.

The appointment was made by the board of ServiceMaster Global Holdings Inc.

Mullany had been named in December to succeed Larry Merlo as president of CVS Caremark Corp.

But the retail drug store chain had moved ahead with the hiring of Mullany despite a lawsuit filed by Walmart over a no-compete clause in Mullany’s Walmart contract that barred him from working for a retail competitor for two years.

A judge in Delaware issued a restraining order that prevented Mullany from going to work for CVS.

At the time of the CVS hire, Mullany was president of Walmart North covering 1,300 stores in 19 states. He developed Walmart’s move into small format stores in urban areas.

ServiceMaster spokesman Chris Curran said the dispute was “not a factor for us” since ServiceMaster is not a retail competitor.

“That was a matter between Walmart, CVS and Hank and as far as we’re concerned it’s over and never concerned us,” Curran said.

ServiceMaster provides residential and commercial services through company owned and franchise locations. The brands include TruGreen, Terminix, American Home Shield, ServiceMaster Clean and Merry Maids.

Mullany is already working at ServiceMaster with Spainhour in what will be a transition period.

“His expertise, along with a proven track record of executing strategies and producing outstanding results, make him the right person to drive continued growth at ServiceMaster for years to come,” said ServiceMaster Global board chairman Edward M. Liddy. “Hank’s background will be a considerable advantage as we continue to find ways to add value for our residential and commercial customers and enhance their experience with our family of brands.”

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PROPERTY SALES 0 43 12,074
MORTGAGES 0 78 15,834
FORECLOSURE NOTICES 39 39 3,168
BUILDING PERMITS 292 292 29,124
BANKRUPTCIES 3 100 11,771
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