American Home Shield 2014 Annual Report Download - page 8

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With the sound of the opening bell on the morning of
June 26, 2014, ServiceMaster returned to the public
equity markets, listing on the New York Stock
Exchange under the ticker symbol SERV. As CEO Rob
Gillette told 13,000 employees celebrating the IPO, it
was an exciting moment in the company’s history –
and the latest chapter in the company’s 86-year legacy
of service.
The ServiceMaster executive team, along with
representatives of each of its businesses, marked the
occasion by walking a special ServiceMaster “blue
carpet” into the exchange, with banners denoting each
of its brands hanging outside the building. The IPO
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but nevertheless signaled that ServiceMaster is serious
about competing… and serious about winning.
Going public provided primary funds to retire $835
million in company debt, a move designed to strengthen
the company’s long-term growth prospects. It was
also an important step in raising the visibility of its
brands with investors, customers, suppliers and others
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the IPO was due, in large part, to the efforts of the
employees, franchisees, technicians and contractors
who make up the ServiceMaster family of brands and
contribute to the company’s legacy every day by
delivering exceptional service to customers. While
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had in the company’s growth strategies, the company
emphasized that long-term success will be determined
only by listening to and focusing on customers, being
accountable for results and doing the right thing – all the
time – for investors, customers and employees.
6 ServiceMaster | 2014 Annual Report