SIRVA Appoints Wes Lucas as New CEO
CHICAGO, July 17, 2008 — SIRVA, Inc., a leading relocation services provider, announced today that it has appointed Wes Lucas as its new chief executive officer and member of its board of directors. Lucas succeeds Robert W. Tieken, who led SIRVA through its successful financial reorganization.
Kevin Dowd, SIRVA’s chairman of the board, said “Wes’ strong leadership, deep operational experiences, and capabilities to grow businesses will serve the company well as we continue to improve our operational performance, competitive position, and increase the value we provide our customers. The board is unanimous in its decision that Wes is the right person to provide the sound leadership to build on SIRVA’s core strengths and successfully grow our company. We are pleased to welcome Wes to SIRVA.”
Lucas said, "I am honored to have the opportunity to join SIRVA’s team. It is a testament to the quality of SIRVA’s people, and the longstanding excellence of service to customers and agents, that SIRVA is well positioned for success in the future. Under the leadership of the board and the management team, SIRVA has recently taken decisive actions, and I am delighted to build on that progress and work with this highly talented team. In SIRVA, I see a company with great strengths and outstanding potential to create value for our customers and our agents."
Lucas is a seasoned executive with strong leadership experiences as CEO, chairman, and president, and with world-class companies, Fortune 500 corporations, and small private companies. Lucas comes with a deep experience in growing companies, building execution capabilities, and developing superior customer value. A significant example is his tenure as the chairman, president, and CEO for Sun Chemical, the world's largest color company, with about $4 billion in sales and 300 plants, from 2001 up to 2006. Another significant leadership position during this period was as the co-chairman of Kodak Polychrome, a joint venture with Kodak and the world's largest provider of imaging equipment and materials for commercial media. Other substantial leadership experiences include holding the positions of: the CEO and president of Quebecor World (a $6 billion printing services company); the president of Sytrenics, Nova Chemicals (a leader in plastics and materials); vice president at AlliedSignal (a multi-billion dollar leading industrial company); and also a management consultant with McKinsey & Company. Lucas received his MBA from the Harvard Business School, and a BS in finance and accounting from the University of California, Berkeley.
Dowd stated that, “I also want to thank Bob Tieken for his service as SIRVA’s CEO; we have been very fortunate to have his leadership and support during our financial restructuring. Bob was instrumental in positioning SIRVA for success in the future.”
Tieken has served on the company’s board since July 2006 and became SIRVA’s CEO in August 2007, after holding the role on an interim basis since March 2007. Tieken assumed the position of CEO to lead SIRVA through a successful financial restructuring which was completed on May 12, 2008 and resulted in an improved debt profile for SIRVA.