The Brink’s Company (NYSE:BCO), the global leader in total cash
management, route-based secure logistics and payment solutions,
today announced that, effective September 7, Mark Eubanks will join
the company as executive vice president and chief operating
officer, with oversight responsibilities for the company’s four
regional operating segments. Eubanks, 49, most recently served as
president, Europe, Middle East and Africa for Otis Worldwide
Corporation (NYSE:OTIS), the leading elevator and escalator
manufacturing, installation and service company, and was based in
Paris, France.
The hiring of Eubanks is part of the company’s CEO succession
plan. The company’s board of directors intends to appoint a new CEO
in the first half of 2022, at which time CEO Doug Pertz is expected
to be named executive chairman of the board. In this role, Pertz,
who has served as president and CEO since July of 2016, will
continue to play an executive management role at Brink’s, leading
strategy development and supporting execution.
Doug Pertz, president and CEO, said: “I am pleased to welcome
Mark to Brink’s. His excellent track record of execution at
large, complex international businesses strengthens our management
team and further enables me to focus on our transformational
digital strategies. Mark joins Brink’s at an exciting time,
when our core operations are strong and getting stronger, and our
digital initiatives present compelling growth opportunities. I am
confident that Mark will fit seamlessly into our culture, and look
forward to working closely with him to drive continued value
creation.”
Before joining Otis Worldwide, Eubanks was group president,
electrical products for Eaton Corporation, with global
responsibility for six operating divisions with total annual
revenue of approximately $6 billion. Prior to that, he was
president, Cooper Lighting, at Cooper Industries until 2015, when
it was acquired by Eaton Corporation. Eubanks earned his B.S.,
electrical engineering, from University of Florida and his MBA from
Emory University. He will be relocating with his family to the
Dallas area.
About The Brink’s CompanyThe Brink’s Company
(NYSE:BCO) is the global leader in total cash management,
route-based secure logistics and payment solutions including
cash-in-transit, ATM services, cash management services (including
vault outsourcing, money processing and intelligent safe services),
and international transportation of valuables. Our customers
include financial institutions, retailers, government agencies,
mints, jewelers and other commercial operations. Our global network
of operations in 53 countries serves customers in more than 100
countries. For more information, please visit our website at
www.brinks.com or call 804-289-9709.
Forward-Looking Statements This release
contains forward-looking information. Words such as "anticipate,"
"assume," "estimate," "expect," “target” "project," "predict,"
"intend," "plan," "believe," "potential," "may," "should" and
similar expressions may identify forward-looking information.
Forward-looking information in these materials includes, but is not
limited to: statements regarding future results, strategic
initiatives, including digital strategies, and the company’s
ongoing CEO succession planning process, including the expected
appointments of a new CEO and executive chairman of the Board and
related timing of such appointments.
Forward-looking information in this document is subject to known
and unknown risks, uncertainties and contingencies, which are
difficult to predict or quantify, and which could cause actual
results, performance or achievements to differ materially from
those that are anticipated. Forward-looking information in this
document is subject to known and unknown risks, uncertainties and
contingencies, which are difficult to predict or quantify, and
which could cause actual results, performance or achievements to
differ materially from those that are anticipated. These risks,
uncertainties and contingencies, many of which are beyond our
control, include, but are not limited to: our ability to improve
profitability and execute further cost and operational improvement
and efficiencies in our core businesses; our ability to improve
service levels and quality in our core businesses; market
volatility and commodity price fluctuations; seasonality, pricing
and other competitive industry factors; investment in information
technology (“IT”) and its impact on revenue and profit growth; our
ability to maintain an effective IT infrastructure and safeguard
confidential information; our ability to effectively develop and
implement solutions for our customers; risks associated with
operating in foreign countries, including changing political, labor
and economic conditions, regulatory issues (including the
imposition of international sanctions, including by the U.S.
government), currency restrictions and devaluations, restrictions
on and cost of repatriating earnings and capital, impact on the
Company’s financial results as a result of jurisdictions determined
to be highly inflationary, and restrictive government actions,
including nationalization; labor issues, including negotiations
with organized labor and work stoppages; pandemics (including the
ongoing Covid-19 pandemic and related impact to and restrictions on
the actions of businesses and consumers, including suppliers and
customers), acts of terrorism, strikes or other extraordinary
events that negatively affect global or regional cash commerce;
anticipated cash needs in light of our current liquidity position
and the impact of Covid-19 on our liquidity; the strength of the
U.S. dollar relative to foreign currencies and foreign currency
exchange rates; our ability to identify, evaluate and complete
acquisitions and other strategic transactions and to successfully
integrate acquired companies; costs related to dispositions and
product or market exits; our ability to obtain appropriate
insurance coverage, positions taken by insurers relative to claims
and the financial condition of insurers; safety and security
performance and loss experience; employee and environmental
liabilities in connection with former coal operations, including
black lung claims; the impact of the Patient Protection and
Affordable Care Act on legacy liabilities and ongoing operations;
funding requirements, accounting treatment, and investment
performance of our pension plans, the VEBA and other employee
benefits; changes to estimated liabilities and assets in actuarial
assumptions; the nature of hedging relationships and counterparty
risk; access to the capital and credit markets; our ability to
realize deferred tax assets; the outcome of pending and future
claims, litigation, and administrative proceedings; public
perception of our business, reputation and brand; changes in
estimates and assumptions underlying critical accounting policies;
the promulgation and adoption of new accounting standards, new
government regulations and interpretation of existing standards and
regulations.
This list of risks, uncertainties and contingencies is not
intended to be exhaustive. Additional factors that could cause our
results to differ materially from those described in the
forward-looking statements can be found under "Risk Factors" in
Item 1A of our Annual Report on Form 10-K for the period ended
December 31, 2020, and in related disclosures in our other public
filings with the Securities and Exchange Commission, including our
Quarterly Reports on Form 10-Q for the quarterly periods ended
March 31, 2021 and June 30, 2021. The forward-looking information
included in this document is representative only as of the date of
this document and The Brink's Company undertakes no obligation to
update any information contained in this document.
Contact:Investor Relations and Corporate
Communications804.289.9709
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