Changes at SP Plus: Baumann Replacing Retiring CEO Wilhelm

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Changes at SP Plus: Baumann Replacing Retiring CEO Wilhelm

SP Plus Corp. has announced implementation of a leadership succession plan. In accordance with the company’s internal plans, James A. Wilhelm, its Chief Executive Officer, will retire on Dec. 31, 2014, after nearly 30 years with the organization. He will transition into the Chairman role effective Jan. 1, 2015.
Current Chairman Robert S. Roath will remain on the Board and will chair its Audit and Compensation Committees.
Upon Wilhelm’s retirement, G Marc Baumann, current President and Chief Operating Officer, will assume the role of President and Chief Executive Officer. Baumann also will join the company’s Board of Directors, which will expand to nine members. The company does not currently intend to appoint a new Chief Operating Officer.
Current Board Chairman Roath stated: “On behalf of the Board and everyone associated with SP+, I want to thank Jim for his outstanding, dedicated service … His vision and leadership have been the driving force behind the company’s dramatic growth and consistent strong performance.
“During Jim’s 13-year tenure as CEO,” Roath added, “the company has successfully evolved from a singular, privately owned parking management company into a publicly held, premier provider of a diverse array of parking, ground transportation and other real estate-based services.
“We are very pleased that Jim will remain part of the company as Chairman, and look forward to benefiting from his knowledge and expertise.”
[SP Plus Corp.]

 

Article contributed by the Parking PT team.
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