ABM Board Approves Initiative to Enhance Shareholder Value
The Board of Directors of ABM Industries, a leading provider of facility solutions, has approved a comprehensive strategy and transformation initiative designed to drive long-term profitable growth and enhance shareholder value. The initiative is intended to focus ABM on its core strengths and most profitable businesses, and will align its business operations to deliver unique industry and client solutions.
As announced in June 2015, ABM underwent a comprehensive strategic review, with the assistance of the Boston Consulting Group, to develop a long-term strategic plan for the business. As part of this process, the company identified several key priorities designed to differentiate it in the marketplace, improve its margin profile and accelerate revenue growth.
“We know that to compete effectively and continue creating value for our shareholders, the ABM of the future must be fundamentally different from the ABM that exists today,” said Scott Salmirs, President and Chief Executive Officer.
“Executing this strategy will enhance the quality of our client solutions,” he said, “and position ABM to become the undisputed leader in providing exceptional facility solutions and deliver sustainable top- and bottom-line growth.”
[Source: ABM Industries]