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Mac-Gray Corporation Appoints New Board Member

Stocks in this article: TUC

WALTHAM, Mass., Feb. 1, 2012 /PRNewswire/ -- Mac-Gray Corporation (NYSE: TUC), the nation's premier provider of laundry facilities management services to multi-unit housing locations, today announced that Paul R. Daoust, 64, has been elected to the Company's Board of Directors.  He will serve as a Class III director with a term expiring at the Company's 2012 annual meeting of stockholders.  Daoust will serve on the Compensation Committee.

Daoust is currently non-executive chairman of the board of HighRoads, Inc., a privately held technology-enabled services company that automates the supplier management lifecycle for the human resources function of Fortune 500 companies.  He has served in that role since December 2008.  Previously, Daoust served as Interim CEO of Salary.com, Inc., formerly a NASDAQ company and provider of software as a service compensation solutions, from January 2010 to October 2010.  He also served on Salary.com's Board of Directors from November 2006 to October 2010 when the company was acquired by Kenexa Corporation.  Daoust also served as a director of Gevity HR, formerly a public company and a provider of human resources management solutions, from May 2006 to June 2009 when the company was acquired by TriNet. 

"Paul's extensive experience in guiding companies through various stages of growth make him a valuable addition to our Board," said Chairman Thomas E. Bullock.  "As demonstrated throughout his impressive career, he is a recognized leader in areas including human resources, operations and supply chain management.  Appointing a director of Paul's prominence underscores our commitment to strong corporate governance and to the independence of Mac-Gray's Board.  We are delighted to welcome him to our Board, and we look forward to his counsel."

Christopher T. Jenny, a Director of the Company since 2005, notified Mac-Gray's Board of Directors that, due to the demands of his other professional commitments, he does not intend to stand for reelection at the Company's 2012 annual meeting of stockholders.  Accordingly,  Jenny's term as a Class III Director will expire upon the 2012 annual meeting.  Jenny has no disagreements with the Company on any matter relating to the Company's operations, policies or practices.

"We would like to thank Chris for his service and contributions during the past six years," Bullock said.  "He has been an outstanding member of our Board, and we wish him continued success."

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