Standard Closes Merger With Central: Makes Management Changes
Standard Parking Corp. has announced that it closed its merger with the parent of Central Parking Corp., which is now a wholly-owned subsidiary. The closing was effective Oct. 2.
The company also announced that effective as the closing, Marc Baumann, its Chief Financial Officer, has assumed the additional role of President of Urban Operations. Reporting to Baumann in this new role will be four Executive Vice Presidents of Operations: Edward Simmons, Steven Warshauer, Daniel Huberty and Robert Toy. Simmons and Warshauer, who have 45 and 34 years of parking industry experience, respectively, have served in their current roles with Standard Parking for more than 10 years. Huberty and Toy, each with more than 15 years of parking industry experience, join Standard from Central Parking.
Reporting directly to James Wilhelm, Standard’s President and CEO, will be John Ricchiuto, Standard Parking’s Executive Vice President of Airport Operations, and William Bodenhamer Jr., President and CEO of USA Parking Systems, a valet service provider that specializes in the hospitality industry. USA Parking Systems will continue to operate independently as a wholly-owned subsidiary of Central Parking.
In addition, Standard announced that Mark A. Janek has joined the company as Senior Vice President of Finance. He previously was Vice President of Finance at Matson Logistics and Corporate Controller of the Hub Group. Janek, along with Daniel R. Meyer, the company’s Senior Vice President and Corporate Controller, will report directly to Baumann to support him in his continuing role as CFO.
With the completion of the merger, the company’s combined location base expands to more than 4,200 parking facilities, with more than 2.2 million parking spaces in hundreds of cities across the US and Canada, effectively doubling its size. The company will continue to conduct operations using the existing Standard and Central brands while a thorough evaluation of the go-forward brand strategy is conducted.
(Source: Standard Parking Corp.)
Article Abstract from November, 2012