This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Brink’s Announces Retirement Of Chairman, President And CEO At Year-End

Stocks in this article: BCO

The Brink’s Company (NYSE: BCO), a global leader in security-related services, today announced the retirement of Michael T. Dan as President and Chief Executive Officer and a member of the Board of Directors on December 23, 2011. Mr. Dan, 61, began his career at Brink’s in 1982. He has served as President and Chief Executive Officer of Brink’s since 1998 and as Chairman of the Board of Directors since 1999.

The Board of Directors has appointed Thomas C. Schievelbein to serve as interim Executive Chairman for the remainder of the calendar year. Effective December 24, 2011, the Board has appointed Mr. Schievelbein as interim President and Chief Executive Officer. Mr. Schievelbein, a member of the Brink’s Board of Directors since 2009, has extensive leadership experience and knowledge of the Company, as well as broad operational, business technology development and risk mitigation and control experience.

“Over the past 29 years I have had the honor of playing a role in Brinks’ evolution into the world’s premier security-related services company,” said Michael T. Dan. “It has been a pleasure working with the very talented employees here at Brink’s. We have built a strong brand and a culture of value creation and dependability, and I am confident that Brink’s is in a great position to grow and achieve great success in the future. I look forward to working with Tom, as Executive Chairman, until the end of the year, which will provide for a smooth transition.”

“On behalf of the Board, I would like to thank Michael for his service to Brink’s over the past 29 years, and wish him and his family the very best,” said Murray D. Martin, Lead Director of The Brink’s Company. “The Board has put considerable work into the succession planning process, including a review of potential internal candidates. We are committed to carrying out a thorough search to identify the right candidate to lead our company into the future, and will complete the search as expeditiously as possible. We are pleased that Tom has agreed to serve as Executive Chairman until year-end and as interim President and CEO thereafter until a successor is appointed. Tom is a seasoned executive with the right leadership experience to ensure a seamless transition, and to continue to execute on our strategic plan.”

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs