{"id":469664,"date":"2021-04-01T08:33:25","date_gmt":"2021-04-01T12:33:25","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=469664"},"modified":"2021-04-01T08:33:25","modified_gmt":"2021-04-01T12:33:25","slug":"scott-d-farmer-to-retire-as-cintas-corporation-ceo-on-may-31-todd-m-schneider-elected-new-ceo-president-effective-june-1","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/scott-d-farmer-to-retire-as-cintas-corporation-ceo-on-may-31-todd-m-schneider-elected-new-ceo-president-effective-june-1\/","title":{"rendered":"Scott D. Farmer to Retire as Cintas Corporation CEO on May 31; Todd M. Schneider Elected New CEO &amp; President, Effective June 1"},"content":{"rendered":"<p>        <!--.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Scott D. Farmer to Retire as Cintas Corporation CEO on May 31; Todd M. Schneider Elected New CEO &amp; President, Effective June 1<\/b><\/p>\n<p><i>Farmer to Remain Executive Chairman of the Board, while Schneider Will Join Expanded Board as Member<\/i><\/p>\n<p>\nMEDIA USE ASSETS \u2013 DOWNLOAD HERE: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.dropbox.com%2Fsh%2Fixjy54q9l18cu88%2FAABZcGbrZfRMxbuoY056cO-Ka%3Fdl%3D0&amp;esheet=52402612&amp;newsitemid=20210401005214&amp;lan=en-US&amp;anchor=Farmer%2C+Schneider+Images&amp;index=1&amp;md5=d5ba6590b767af473e25cdfe3a188058\">Farmer, Schneider Images<\/a><\/p>\n<p>CINCINNATI&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.cintas.com&amp;esheet=52402612&amp;newsitemid=20210401005214&amp;lan=en-US&amp;anchor=Cintas+Corporation&amp;index=2&amp;md5=eed759e7669262177c4237c5b41ba2c9\">Cintas Corporation<\/a> (NASDAQ:CTAS) today announced Scott D. Farmer, Cintas Chairman &amp; Chief Executive Officer, will retire as CEO on May 31, 2021. Mr. Farmer will remain Executive Chairman, a role he has held since 2016.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20210401005214\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210401005214\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210401005214\/en\/868805\/4\/Farmer_Scott_CintasCorporation_Headshot.jpg\" alt=\"Scott D. Farmer will retire as CEO of Cintas Corporation (NASDAQ:CTAS) on May 31, 2021, and remain on as Executive Chairman of the Board. He has been a Cintas employee-partner for 40 years, the last 18 as CEO. (Photo Credit: Courtesy of Cintas Corporation)\" \/><\/p>\n<p style=\"font-size:85%\">Scott D. Farmer will retire as CEO of Cintas Corporation (NASDAQ:CTAS) on May 31, 2021, and remain on as Executive Chairman of the Board. He has been a Cintas employee-partner for 40 years, the last 18 as CEO. (Photo Credit: Courtesy of Cintas Corporation)<\/p>\n<\/div>\n<p>\nThe company also announced that its Board of Directors has increased the number of Directors from 8 to 9 and elected Todd M. Schneider as Chief Executive Officer &amp; President and a Director of the company, effective June 1, 2021.\n<\/p>\n<p>\n\u201cIt has been a great privilege to serve as Cintas\u2019 CEO for 18 years. The company has grown and changed significantly over that time but our core values and the culture that binds our employee-partners together has remained a steady foundation for the success Cintas has achieved,\u201d Mr. Farmer said. \u201cI am proud of our many collective accomplishments, including the innovative products and services we provide our customers as well as the tremendous dedication of our employee-partners. Our company is in a position of financial strength, with a strong and experienced leadership team executing a proven strategy that has allowed our continued success even through the recent pandemic, making this the appropriate time for an orderly transition.\u201d\n<\/p>\n<p>\nUnder Mr. Farmer\u2019s leadership the company\u2019s revenue grew from $2.69 billion in 2003 to more than $7 billion at the end of its previous fiscal year. Cintas Lead Director, Joe Scaminace said, \u201cScott has done a great job leading Cintas through years filled with challenges, change and opportunities, including the Great Recession and the recent pandemic as well as the integration of SAP technology across the organization at the same time the company was integrating its largest acquisition to date, G&amp;K Services. The entire Cintas Board of Directors thanks Scott for his service to the company as CEO and we are grateful that he remains at the helm as Executive Chairman.\u201d\n<\/p>\n<p>\nAfter a comprehensive succession planning process, the Board unanimously selected Mr. Schneider to assume the position of CEO. \u201cTodd joined Cintas\u2019 Management Trainee program right out of college in 1989. He has held many positions over the course of 32 years. Todd has an extensive knowledge of our company, fully supports and exemplifies our culture and has served as Executive Vice President &amp; Chief Operating Officer since 2018, which will ensure a seamless transition. Todd is undeniably the right person to lead Cintas to even greater success in the future,\u201d said Mr. Farmer.\n<\/p>\n<p>\n\u201cI am honored that the board selected me as the next CEO of this great company and grateful for the opportunity to build on the long trajectory of success that Cintas has achieved under Scott Farmer\u2019s leadership,\u201d said Mr. Schneider. \u201cWith the proven leadership team currently in place, along with our exemplary employee-partners providing excellent care to our customers, I believe Cintas\u2019 future is brighter than ever.\u201d\n<\/p>\n<p><b><span class=\"bwuline\">About Cintas Corporation:<br \/>\n<br \/><\/span><\/b>Cintas Corporation helps more than one million businesses of all types and sizes get <b>Ready\u2122<\/b> to open their doors with confidence every day by providing products and services that help keep their customers\u2019 facilities and employees clean, safe and looking their best. With offerings including uniforms, mats, mops, restroom supplies, first aid and safety products, fire extinguishers and testing, and safety training, Cintas helps customers get <b>Ready for the Workday<sup>\u00ae<\/sup><\/b>. The company is also the creator of the Total Clean Program\u2122 \u2014 a first-of-its-kind service that includes scheduled delivery of essential cleaning supplies, hygienically clean laundering, and sanitizing and disinfecting products and services. Headquartered in Cincinnati, Cintas is a publicly held Fortune 500 company traded over the Nasdaq Global Select Market under the symbol CTAS and is a component of both the Standard &amp; Poor\u2019s 500 Index and Nasdaq-100 Index.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210401005214r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210401005214\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210401005214\/en\/<\/a><\/span><\/p>\n<p>\nMichelle Goret<br \/>\n<br \/>Vice President of Corporate Affairs<br \/>\n<br \/>513-972-4155<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:goretm@cintas.com\">goretm@cintas.com<\/a><\/p>\n<p>\nPaul F. Adler<br \/>\n<br \/>Vice President &#8211; Treasurer &amp; Investor Relations<br \/>\n<br \/>513-972-4195<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:adlerp@cintas.com\">adlerp@cintas.com<\/a><\/p>\n<p>\nJ. Michael Hansen<br \/>\n<br \/>Executive Vice President &amp; Chief Financial Officer<br \/>\n<br \/>513-972-2079<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:HansenM@cintas.com\">HansenM@cintas.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Ohio United States North America Canada<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Training Consumer Construction &amp; Property Textiles Education Other Consumer Other Professional Services Building Systems Medical Supplies Manufacturing Health<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210401005214\/en\/868781\/3\/Schneider_Todd_CintasCorporation_Headshot.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Todd M. Schneider has been elected Chief Operating Officer of Cintas Corporation (NASDAQ:CTS), effective June 1, 2021, when he will also join the Board as a Member. He has spent all 32 years of his professional career at Cintas, serving as the company\u2019s Executive Vice President and Chief Operating Officer since 2018. (Photo Credit: Courtesy of Cintas Corporation)<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210401005214\/en\/868801\/3\/Cintas+logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210401005214\/en\/868803\/3\/Scott-Farmer_and_Todd-Schneider_Cintas_Vertical.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Cintas Corporation CEO and Chairman Scott D. Farmer (left) will retire as CEO on May 31, 2021 after 18 years in the role and 40 years at the company. He will be succeeded as CEO by Todd M. Schneider (right), the company\u2019s current Executive Vice President and Chief Operating Officer, on June 1, 2021. Farmer will remain on as the Executive Chairman of the Board, while Schneider will join the Board as a new Member at that time. (Photo Credit: Courtesy of Cintas Corporation)<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210401005214\/en\/868804\/3\/Scott-Farmer_and_Todd-Schneider_Cintas_Horizontal.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Cintas Corporation CEO and Chairman Scott D. Farmer (left) will retire as CEO on May 31, 2021 after 18 years in the role and 40 years with the company. He will be succeeded as CEO by Todd M. Schneider (right), the company\u2019s current Executive Vice President and Chief Operating Officer, on June 1, 2021. Farmer will remain on as the Executive Chairman of the Board, while Schneider will join the Board as a new Member at that time. (Photo Credit: Courtesy of Cintas Corporation)<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210401005214\/en\/868805\/3\/Farmer_Scott_CintasCorporation_Headshot.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Scott D. Farmer will retire as CEO of Cintas Corporation (NASDAQ:CTAS) on May 31, 2021, and remain on as Executive Chairman of the Board. He has been a Cintas employee-partner for 40 years, the last 18 as CEO. (Photo Credit: Courtesy of Cintas Corporation)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Scott D. Farmer to Retire as Cintas Corporation CEO on May 31; Todd M. Schneider Elected New CEO &amp; President, Effective June 1 Farmer to Remain Executive Chairman of the Board, while Schneider Will Join Expanded Board as Member MEDIA USE ASSETS \u2013 DOWNLOAD HERE: Farmer, Schneider Images CINCINNATI&#8211;(BUSINESS WIRE)&#8211;Cintas Corporation (NASDAQ:CTAS) today announced Scott D. Farmer, Cintas Chairman &amp; Chief Executive Officer, will retire as CEO on May 31, 2021. Mr. Farmer will remain Executive Chairman, a role he has held since 2016. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210401005214\/en\/ Scott D. Farmer will retire as CEO of Cintas Corporation (NASDAQ:CTAS) on May 31, 2021, and remain on as Executive Chairman of the Board. He &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/scott-d-farmer-to-retire-as-cintas-corporation-ceo-on-may-31-todd-m-schneider-elected-new-ceo-president-effective-june-1\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Scott D. Farmer to Retire as Cintas Corporation CEO on May 31; Todd M. Schneider Elected New CEO &amp; President, Effective June 1&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-469664","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Scott D. Farmer to Retire as Cintas Corporation CEO on May 31; Todd M. Schneider Elected New CEO &amp; President, Effective June 1 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/scott-d-farmer-to-retire-as-cintas-corporation-ceo-on-may-31-todd-m-schneider-elected-new-ceo-president-effective-june-1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scott D. Farmer to Retire as Cintas Corporation CEO on May 31; Todd M. Schneider Elected New CEO &amp; President, Effective June 1 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Scott D. Farmer to Retire as Cintas Corporation CEO on May 31; Todd M. Schneider Elected New CEO &amp; President, Effective June 1 Farmer to Remain Executive Chairman of the Board, while Schneider Will Join Expanded Board as Member MEDIA USE ASSETS \u2013 DOWNLOAD HERE: Farmer, Schneider Images CINCINNATI&#8211;(BUSINESS WIRE)&#8211;Cintas Corporation (NASDAQ:CTAS) today announced Scott D. Farmer, Cintas Chairman &amp; Chief Executive Officer, will retire as CEO on May 31, 2021. Mr. Farmer will remain Executive Chairman, a role he has held since 2016. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210401005214\/en\/ Scott D. Farmer will retire as CEO of Cintas Corporation (NASDAQ:CTAS) on May 31, 2021, and remain on as Executive Chairman of the Board. He &hellip; Continue reading &quot;Scott D. Farmer to Retire as Cintas Corporation CEO on May 31; Todd M. 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Farmer to Retire as Cintas Corporation CEO on May 31; Todd M. Schneider Elected New CEO &amp; President, Effective June 1 - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/scott-d-farmer-to-retire-as-cintas-corporation-ceo-on-may-31-todd-m-schneider-elected-new-ceo-president-effective-june-1\/","og_locale":"en_US","og_type":"article","og_title":"Scott D. Farmer to Retire as Cintas Corporation CEO on May 31; Todd M. Schneider Elected New CEO &amp; President, Effective June 1 - Market Newsdesk","og_description":"Scott D. Farmer to Retire as Cintas Corporation CEO on May 31; Todd M. Schneider Elected New CEO &amp; President, Effective June 1 Farmer to Remain Executive Chairman of the Board, while Schneider Will Join Expanded Board as Member MEDIA USE ASSETS \u2013 DOWNLOAD HERE: Farmer, Schneider Images CINCINNATI&#8211;(BUSINESS WIRE)&#8211;Cintas Corporation (NASDAQ:CTAS) today announced Scott D. Farmer, Cintas Chairman &amp; Chief Executive Officer, will retire as CEO on May 31, 2021. Mr. Farmer will remain Executive Chairman, a role he has held since 2016. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210401005214\/en\/ Scott D. Farmer will retire as CEO of Cintas Corporation (NASDAQ:CTAS) on May 31, 2021, and remain on as Executive Chairman of the Board. He &hellip; Continue reading \"Scott D. Farmer to Retire as Cintas Corporation CEO on May 31; Todd M. Schneider Elected New CEO &amp; President, Effective June 1\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/scott-d-farmer-to-retire-as-cintas-corporation-ceo-on-may-31-todd-m-schneider-elected-new-ceo-president-effective-june-1\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-01T12:33:25+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20210401005214\/en\/868805\/4\/Farmer_Scott_CintasCorporation_Headshot.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scott-d-farmer-to-retire-as-cintas-corporation-ceo-on-may-31-todd-m-schneider-elected-new-ceo-president-effective-june-1\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scott-d-farmer-to-retire-as-cintas-corporation-ceo-on-may-31-todd-m-schneider-elected-new-ceo-president-effective-june-1\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Scott D. 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