ISS Names New CEO
ISS has appointed banker, Jacob Aarup-Andersen, to succeed Jeff Gravenhorst on his retirement on 1 September 2020.
Aarup-Anderson, 42, joins the global integrated facility services provider from Danske Bank A/S - one of the largest banks in Scandinavia. He served as Chief Financial Officer and has worked for several organisations since beginning his career at Goldman Sachs in London in 2002.
Gravenhorst, who has served as CEO since 2010, will remain in his post until September to ensure a smooth transition of responsibilities.
Announcing the appointment, Lord Allen of Kensington, Chairman of the Board of Directors, ISS A/S, said:
"On behalf of the Board, I would like to thank Jeff Gravenhorst who joined ISS in 2002, becoming CEO in 2010. During that time, he has led the company through a major transformation, under both private and public ownership, shifting ISS’s focus towards key accounts. Jeff has always put people first and today, ISS is a clear leader in its industry, providing essential services across the globe to customers whose needs are varied and who require flexibility. ISS’s response and unrivalled service excellence through the current Covid-19 crisis are testimony to the strength of the organisation that Jeff has helped build.
"As ISS enters a new phase in its transformation and as we seek to leverage the progress of recent years, this is the right time for new leadership to take us to the next level. Jacob Aarup-Andersen has an outstanding track record of implementing change and executing strategy within large, complex organisations. His reputation as a leader is first-rate with excellent personal skills and strong followership. Jacob’s financial acumen and dynamism will also serve ISS well and ensure we are able to deliver value for all our stakeholders, consistently and sustainably.”
Aarup-Andersen added: "ISS is an iconic global business with people at its core and a proud heritage of inclusion and opportunity. I look forward to leading some 470,000 dedicated colleagues who are passionate about creating safe and secure places and ensuring the protection and wellbeing of our customers’ staff, patients or passengers. The world has seen extraordinary change in recent months, and we must prepare to meet new workplace needs. ISS entered the Covid-19 crisis with strong organic growth and a resilient business mix, thanks to the strategic choices led by Jeff. I am excited to help navigate through this unique situation whilst executing the current strategy. I fully expect ISS to emerge as an even stronger company, delivering significant value to all stakeholders in the coming years.
"My immediate priority as CEO will of course be to support and protect our dedicated colleagues during this difficult time. I am confident that we will adapt to this fast-moving environment and continue delivering the highest quality services for our customers and long-term value for shareholders."