4/14/2004
SIRVA Names New Moving Services President
Michael B. McMahon Joins SIRVA’s Leadership Team to Help Execute Company’s “Relocation Redefined” Strategy
CHICAGO, April 14, 2004 – SIRVA, Inc. (NYSE: SIR), a global relocation services provider, announced today that Michael B. McMahon has joined its senior leadership team as president, Moving Services. McMahon comes to SIRVA from GE Capital where he held senior executive positions since 1997 in the company’s Rail Services and Card Services businesses.
“Mike is an experienced leader who will be extremely effective in working with our associates and agents to enhance our service offerings, cross sell our relocation and moving services to our corporate clients, and grow our business worldwide,” said Brian P. Kelley, president and chief executive officer of SIRVA. “His financial acumen and strong operational experience within a number of industry sectors uniquely qualify him for his new role at SIRVA.”
McMahon has worked at GE Capital in several senior leadership capacities, most recently as general manager, Product & Asset Management for Rail Services. Prior to that, he was the chief financial officer for Rail Services. He also has held numerous leadership positions for other GE units, including GE International
and GE Appliances. McMahon began his career at IBM and also worked at Mellon Bank. He received a B.S. degree in finance from Pennsylvania State University and attended many GE Executive Level Management Courses.
“I am extremely excited to join the SIRVA team to build on the success of our strong North American moving brands and great momentum in Relocation Solutions,” said McMahon. “There are terrific opportunities before us and I look forward to working with my new colleagues and business partners.”
Mike Fergus, formerly president, Moving Services, at SIRVA will continue to work as an advisor reporting directly to Kelley on strategic initiatives and special projects across all of SIRVA’s business segments around the world.
About SIRVA, Inc.
SIRVA, Inc. is a leader in providing relocation solutions to a well-established and diverse customer base around the world. The company is one of the leading global providers that can handle all aspects of relocations end-to-end within its own network including home purchase and home sale services, household goods moving and mortgage services and insurance. SIRVA conducts more than 365,000 relocations per year, transferring corporate and government employees and moving individual consumers. The company operates in more than 40 countries with approximately 7,700 employees and an extensive network of agents and other service providers. SIRVA’s well-recognized brands include Allied, northAmerican, Global, and SIRVA Relocation in North America; Pickfords in the U.K.; Maison Huet in France; Kungsholms in Sweden; ADAM in Denmark; Majortrans Flytteservice in Norway; Arthur Pierre in Belgium; and Allied Pickfords in the Asia Pacific region. More information about SIRVA can be found on the company’s Web site at www.sirva.com.
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