Industries

Brink’s names new CEO

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Thomas C. Schievelbein had served as interim president and chief executive officer of since December.

Thomas C. Schievelbein has been named chairman of the board, president and chief executive officer of The Brink’s Company.

He has served as interim president and chief executive officer of Richmond-based Brink’s since December.

Schievelbein succeeds former CEO Michael Dan who retired on Dec. 23.

Brink’s is a leading provider of secure transportation and cash management services. It had revenue of $3.9 billion last year.

“Under his leadership as interim CEO, Brink’s launched a thorough review of its entire business portfolio while accelerating productivity efforts, and a plan to reduce 2012 operating costs in North America is well under way,” Murray D. Martin, the board’s lead independent director, said in a statement. He had served as interim non-executive chairman since December.  “As a member of the Brink’s board since 2009, Tom understands our business and our markets, yet brings a fresh set of eyes to our future.”

Tom Schievelbein, 58, was appointed interim president and chief executive officer of Brink’s in December after serving as interim executive chairman of the company from November 2011 to December 2011. 

“My experience as interim CEO has reinforced what I believed when I joined the board three years ago — Brink’s is the best operator in the industry, with an iconic brand and an unmatched global infrastructure,” Schievelbein said in a statement.  “We must leverage these strengths to maximize profits in mature markets, pursue growth in Latin America and other emerging markets, and grow high-value services.  Our job is to accelerate the execution of this strategy.”

Schievelbein is the retired president of Northrop Grumman Newport News, a subsidiary of the Northrop Grumman Corporation, and has been a business consultant since November 2004.
He currently serves as a director of Huntington Ingalls Industries, Inc., McDermott International, Inc., and New York Life Insurance Co.


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