Summary
Cintas Corporation (CTAS) has filed an 8-K report detailing a significant executive transition. Michael L. Thompson, Executive Vice President and Chief Administration Officer, has announced his retirement, effective no later than August 31, 2023, and will step down as an executive officer on May 31, 2023. This marks the end of a notable tenure for Mr. Thompson. Concurrently, the company has appointed Jim Rozakis as the new Executive Vice President and Chief Operating Officer, effective June 1, 2023. Mr. Rozakis brings extensive experience within Cintas, having most recently served as President and Chief Operating Officer of the Rental Division since June 2020. His long history with the company, dating back to 1999, and his leadership in a key division position him well for this expanded role.
Key Highlights
- 1Michael L. Thompson, EVP and Chief Administration Officer, will retire by August 31, 2023.
- 2Mr. Thompson will transition out of his executive officer role on May 31, 2023.
- 3Jim Rozakis has been appointed as the new EVP and Chief Operating Officer.
- 4Mr. Rozakis' appointment is effective June 1, 2023.
- 5Mr. Rozakis has a long tenure with Cintas, joining in 1999.
- 6Most recently, Mr. Rozakis served as President and Chief Operating Officer of the Rental Division.