2013-09-03 17:02:02 -
BAKERCORP NAMES ROBERT CRAYCRAFT PRESIDENT AND CHIEF EXECUTIVE OFFICER
Seal Beach, CA - September 3, 2013 - BakerCorp, a market leader in tank, pump,
filtration and shoring equipment rental solutions, today announced the
appointment of Robert Craycraft as its new President and Chief Executive
Officer, effective September 9, 2013. Gerry Holthaus, who was appointed interim
CEO in June 2013, will continue in his role as a member of the Company's Board
of Directors but will relinquish all executive responsibilities. Craycraft is
also expected to be elected to the Company's Board of Directors.
"After a comprehensive search, we are delighted to have Bob join BakerCorp as
its Chief Executive. The Board is fortunate to have found someone of Craycraft's
skills, talent and experience. Bob's success in leading international
organizations, combined with his
broad and diverse commercial experience, makes
him the ideal leader for BakerCorp as it pursues its dynamic and promising
future," said BakerCorp Board Director Richard Carey, Partner and Co-Head of
Permira's Industrials Sector Team, who headed the search committee.
Craycraft's addition to BakerCorp is a big step in the evolution of the Company.
A knowledgeable business leader with extensive experience in developing
successful growth strategies and driving profitability, Craycraft will spearhead
BakerCorp's growth initiatives across U.S. and international markets.
"It is exciting to join a market leader that has such a great legacy to build
on. I look forward to leading the team of dedicated employees," Craycraft said.
Craycraft served most recently as Chief Executive Officer and President of
Safety-Kleen, Inc., an environmental products and services company, until its
acquisition by Clean Harbors, Inc. Under Craycraft's leadership, Safety-Kleen
experienced record EBITDA performance and revenue growth improvement, further
establishing itself as a market leader in re-refining, parts washers and small
quantity generators. Prior to Safety-Kleen, Craycraft served as President of
Ashland Distribution, a $3.7 billion division of Ashland, Inc. where he led the
company's chemicals, plastics, environmental services and composites businesses
in North America, Europe and China.
Craycraft graduated from Vanderbilt University with a Bachelor of Arts degree in
Investor Relations Contact:
Chief Financial Officer
Telephone #: (888) 882-4895
Facsimile #: (562) 430-7231
BakerCorp is a market leader in tank, pump, filtration and shoring equipment
rentals, with a network of locations including operations in North America,
Europe, Canada and Mexico. Backed by a broad selection of high-quality
industrial, liquid and solid-handling equipment, our exceptional team helps get
our customers what they need, where they need it, on time.
The Company maintains a rental fleet consisting of more than 20,000 units,
including steel tanks, polyethylene tanks, roll-off boxes, pumps, pipes, hoses
and fittings, filtration units, tank trailers, berms and trench shoring
equipment. BakerCorp serves customers in over 15 industries including oil and
gas, industrial and environmental services, refining, environmental remediation,
construction, chemicals, transportation, power and municipal works. The Company
also works with customers to deliver a mix of products and services for a wide
variety of applications that include: chemical, manufacturing, refining,
construction, municipal, industrial services, environmental remediation, power
generation, tank terminal/pipeline operations, transportation, mining,
electronics and wastewater.
For more information, visit www.bakercorp.com.
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Source: BakerCorp via Thomson Reuters ONE