Summary
Cintas Corporation (CTAS) announced on July 1, 2019, a change to its Board of Directors, expanding its size from eight to nine members and appointing Karen L. Carnahan as a new director. Ms. Carnahan's appointment is effective immediately and she will serve until the next annual shareholder meeting. Her extensive background with Cintas, spanning over 30 years in various executive roles including vice president & treasurer and president & chief operating officer of its document management division, brings significant internal expertise to the board. Her experience also includes her recent role as COO of Shred-it International Inc. prior to her retirement in 2015. This appointment is an important event for investors to note as it strengthens the board's leadership with a seasoned executive deeply familiar with Cintas' operations and history.
Key Highlights
- 1Cintas Corporation expanded its Board of Directors from eight to nine members.
- 2Karen L. Carnahan was appointed as a new director to the Board, effective July 1, 2019.
- 3Ms. Carnahan will serve until the next annual meeting of shareholders.
- 4Ms. Carnahan brings over 30 years of experience with Cintas in various executive roles, including finance, treasury, corporate development, and leadership of the document management division.
- 5She previously served as Chief Operating Officer of Shred-it International Inc. until her retirement in 2015.
- 6Ms. Carnahan's appointment reflects a strengthening of the Board with an individual possessing deep historical knowledge of the company.
- 7There are no disclosed arrangements or understandings between Ms. Carnahan and others regarding her election.