11/6/2008
SIRVA Appoints Gordon Smith as Chief Financial Officer
CHICAGO (November 6, 2008)—SIRVA Inc., a leading global relocation and moving services provider, today announced the appointment of Gordon Smith as the Company’s new chief financial officer. Mr. Smith, who will work from the Company’s Westmont, Ill., headquarters, brings more than 31 years of financial leadership experience from GE Capital and Asbury Automotive Group to SIRVA. He will report to SIRVA President and Chief Executive Officer Wes Lucas.
“We take great pleasure in welcoming Gordon to the SIRVA team,” said Mr. Lucas. “A highly capable and proven finance executive, with outstanding financial leadership experience, Gordon is ideal to lead SIRVA’s financial areas as we build on our strong financial position, deliver outstanding service to our clients, grow our business and continue to create the world’s premier relocation and moving services company.”
“This is an exciting time for SIRVA, and I look forward to working with Wes and the SIRVA team in its mission to become the leader in global relocation services,” added Mr. Smith.
Mr. Smith began his career with General Electric and throughout his 26 years with GE held numerous financial positions, with the last 12 years as chief financial officer of three of GE’s largest commercial finance businesses: Corporate Financial Services, Commercial Equipment Finance and Capital Markets. Under his leadership, these businesses developed into global leaders in their field, experiencing solid double-digit profit increases through both organic and acquisition growth.
Most recently, Mr. Smith served as chief financial officer of Asbury Automotive Group, one of the largest publicly traded automotive retail businesses in the United States, where he led the recapitalization efforts of the company, including more than $1.2 billion of debt refinancing and four secondary stock offerings.
Mr. Smith graduated from the University of Massachusetts with a bachelor’s degree in business administration in accounting and is a graduate of GE’s highly regarded Financial Management Program.
About SIRVA Inc.
SIRVA Inc. is a leading provider of relocation solutions to a well-established and diverse customer base around the world. The Company handles all aspects of relocation, including home purchase and home sale services, household goods moving, mortgage services, and home closing and settlement services. SIRVA conducts more than 300,000 relocations per year, transferring corporate and government employees in addition to individual consumers. SIRVA’s well-recognized brands include Allied, Allied International, Allied Pickfords, Allied Special Products, DJK Residential, Global, northAmerican, northAmerican International, SIRVA Mortgage, SIRVA Relocation and SIRVA Settlement. More information about SIRVA can be found on the Company’s Web site at www.sirva.com.
Press Contact
Jeremy Ahto
HSR Business to Business
312.595.0203
jahto@hsr.com
