Cintas Corporation Appoints Ron Tysoe to Board of DirectorsRon Tysoe (Photo: Business Wire).
January 18 2008 - 5:51PM
Business Wire
Cintas Corporation (Nasdaq:CTAS) today announced that Ron Tysoe has
been elected to the company�s Board of Directors. Mr. Tysoe�s
appointment brings the number of independent directors to seven,
and increases the number of board members to 10. Additionally, he
will serve on the Nominating and Corporate Governance Committees of
the board. �We are delighted Ron Tysoe has joined the Cintas Board
of Directors,� said Richard T. Farmer, Chairman of Cintas
Corporation. �His broad business background and experience will be
a tremendous asset to Cintas and our shareholders.� Mr. Tysoe
served as a senior advisor at Perella Weinberg Partners LP, a
boutique investment banking firm in New York from October 2006
through September 2007. Prior to that he was vice chairman, finance
and real estate, of Federated Department Stores, Inc. (now Macy�s,
Inc.), a position he held since April of 1990. Mr. Tysoe served as
chief financial officer of Federated from 1990 to 1997 and served
on the Federated board of directors from 1988 until May of 2005.
Mr. Tysoe is a member of the board of directors of the E.W. Scripps
Company, Taubman Centers the Canadian Imperial Bank of Commerce,
and NRDC Acquisition Corp., a recently formed Special Purpose
Acquisition Corporation (SPAC) listed on the AMEX exchange. Active
in the Cincinnati community over the past 15 years, Mr. Tysoe has
served as a trustee of The Cincinnati Zoo, The Cincinnati Museum
Center and Cincinnati Country Day School. He received his Bachelor
of Commerce and Bachelor of Law degrees at the University of
British Columbia in Canada. Mr. Tysoe and his wife, Arleigh, have
four daughters. About Cintas Corporation: Headquartered in
Cincinnati, Ohio, Cintas Corporation provides highly specialized
services to businesses of all types throughout North America.
Cintas designs, manufactures and implements corporate identity
uniform programs, and provides entrance mats, restroom supplies,
promotional products, first aid and safety products, fire
protection services and document management services to
approximately 800,000 businesses. Cintas is a publicly held company
traded over the Nasdaq National Market under the symbol CTAS, and
is a Nasdaq-100 company and component of the Standard & Poor's
500 Index. The Company has achieved 38 consecutive years of growth
in sales and earnings, to date. Caution Concerning Forward-Looking
Statements: The Private Securities Litigation Reform Act of 1995
provides a safe harbor from civil litigation for forward-looking
statements. Forward-looking statements may be identified by words
such as �estimates,� �anticipates,� �projects,� �plans,� �expects,�
�intends,� �believes,� �seeks,� �could,� �should,� �may� and �will�
or the negative versions thereof and similar expressions and by the
context in which they are used. Such statements are based upon
current expectations of the Company and speak only as of the date
made. These statements are subject to various risks, uncertainties
and other factors that could cause actual results to differ from
those set forth in or implied by this news release. Factors that
might cause such a difference include, but are not limited to, the
possibility of greater than anticipated operating costs including
fuel costs, lower sales volumes, the performance and costs of
integration of acquisitions, fluctuations in costs of materials and
labor including increased medical costs, costs and possible effects
of union organizing activities, uncertainties regarding any
existing or newly-discovered expenses and liabilities related to
environmental compliance and remediation, the cost, results and
ongoing assessment of internal controls for financial reporting
required by the Sarbanes-Oxley Act of 2002, the initiation or
outcome of litigation, higher assumed sourcing or distribution
costs of products, the disruption of operations from catastrophic
events, changes in federal and state tax laws and the reactions of
competitors in terms of price and service. Cintas undertakes no
obligation to update any forward-looking statements to reflect the
events or circumstances arising after the date on which they are
made.
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