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   March 18, 2022   

Former Cooper Lighting Boss Appointed President and CEO of Brink's

 

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Brink’s Appoints Mark Eubanks as President and CEO; Doug Pertz to Serve as Executive Chairman


RICHMOND, Va., -- The Brink’s Company (NYSE:BCO), the global leader in total cash management, route-based secure logistics and payment solutions, today announced that Mark Eubanks, executive vice president and chief operating officer (COO), has been appointed president and chief executive officer (CEO), effective May 6, 2022. At that time, Doug Pertz, who has served as president and CEO since July 2016, will transition to executive chairman of the board.

In connection with this leadership transition, Mike Herling, who has served as chairman since 2016 and as a director since 2009, will become the board’s independent lead director. The board also nominated Eubanks as a director for election at the 2022 annual meeting of shareholders.

Mike Herling said: “Over the last six years as president and CEO, Doug led the creation of substantial shareholder value by consistently driving double-digit revenue growth and margin improvement. He also led the development of the company’s strategic plan, which is expected to drive accelerated revenue and margin growth. As chairman, he will continue to serve in an executive management role, where he will primarily support development and execution of the company’s strategy. Our board is very excited to elevate Mark to the role of chief executive officer. We are confident in his ability to continue to drive the successful execution of our strategy and create tremendous value for our shareholders. We are also pleased that Doug will continue to work with Mark to achieve a successful transition of leadership while also supporting acceleration of Brink’s digital cash payments strategy.”

Doug Pertz said: “Mark has a robust track record of execution at large, complex international businesses and brings broad qualifications as a strong leader. I’ve worked side-by-side with him over the past seven months, and he has clearly demonstrated his leadership in driving operational excellence and his commitment to execution of our transformational digital strategies. My fellow board members and I look forward to working with Mark to create substantial value in the future for our shareholders.”

Mark Eubanks said: “I joined Brink’s because I recognized an opportunity to be part of a dynamic, global company executing on a strategy to transform the cash management industry. I am honored to have the opportunity to succeed Doug and lead Brink’s through its next phase of growth. Brink’s has a bright future, and I look forward to working closely with our team to drive operational excellence, innovation and continued value creation for all of our stakeholders.”

Eubanks joined Brink’s in September 2021 as part of the company’s previously announced CEO succession plan. Prior to joining Brink’s, Eubanks served as president, Europe, Middle East and Africa for Otis Worldwide Corporation (NYSE:OTIS), the world’s leading elevator and escalator manufacturing, installation and service company. Before joining Otis Worldwide, Eubanks was group president, electrical products for Eaton Corporation, with global responsibility for six operating divisions with total annual revenue of approximately $6 billion. Prior to that, he was president, Cooper Lighting, at Cooper Industries until 2015, when Cooper was acquired by Eaton. Eubanks earned his B.S., electrical engineering, from University of Florida and his MBA from Emory University.  

About The Brink’s Company
The Brink’s Company (NYSE:BCO) is the global leader in total cash management, route-based secure logistics and payment solutions including cash-in-transit, ATM services, cash management services (including vault outsourcing, money processing and intelligent safe services), and international transportation of valuables. Our customers include financial institutions, retailers, government agencies, mints, jewelers and other commercial operations. Our global network of operations in 53 countries serves customers in more than 100 countries. For more information, please visit our website at www.brinks.com or call 804-289-9709.

 

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