Steven B. Hochhauser Appointed to ServiceMaster Board

Hochhauser, who served as the interim president of American Home Shield from 26 March to the appointment of Rex Tibbens on 15 May, is the former chairman and chief executive officer of insulation, roofing materials, and engineered products manufacturer, Johns Manville.

Hochhauser has also held various executive positions at Ingersoll Rand, Honeywell and United Technologies; in addition to serving as a board member of several private companies (including an on-going appointment as the chairman of the board of a private chemicals company).

Commenting on the appointment, ServiceMaster Chairman Mark E. Tomkins, said, "Steve is an accomplished executive with extensive strategic planning, operations and leadership experience.

"His time as interim president of American Home Shield was instrumental in preparing the company for its next great chapter, and we'll rely on his leadership on the board as we continue to grow through providing excellent service, extending current product offerings and exploring adjacencies across all of our businesses."

"Steve will be critical in our initiatives to transform Terminix, revamp growth strategies in our businesses and successfully spin-off American Home Shield as an independent, publicly listed company," added ServiceMaster CEO, Nik Varty. "Steve's strong background and experience will be a major asset on our growth journey, and we look forward to him remaining part of the team."