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ServiceMaster Names Persson to Head AHS Spin-off, Find Growth
Print Article Contributed by BSM Staff

MEMPHIS, TN -- ServiceMaster Global Holdings, Inc., a provider of residential and commercial services, has named Dion Persson senior vice president of business development to lead the spin-off of the company’s American Home Shield business.

Reporting to ServiceMaster CEO Nik Varty, Persson will be responsible for developing and executing a well-structured process for turning American Home Shield into a new, stand-alone, public company in 2018.

Persson also will be responsible for identifying and advancing all business development activities for the company. This includes directing and evaluating new marketplace opportunities, such as strategic partnerships, mergers, and acquisitions that support ServiceMaster’s strategic growth and development plans – with the goal of positioning two successful publicly traded companies in 2018.

“Dion is a strong leader with proven experience in spin-offs and business development and, under his guidance, we will execute plans to ensure both ServiceMaster and American Home Shield have the opportunity to realize their respective growth potential and deliver enhanced long-term value for shareholders,” said Nik Varty, ServiceMaster CEO. “We have a steadfast commitment to meet the expectations of our customers, employees, and shareholders. Dion’s leadership and solid track record in the business development space will guide our efforts for growing both companies and maximizing shareholder value.”

Prior to joining ServiceMaster, Persson served as vice president of strategy and analytics for Ingersoll Rand. He joined the company in 2011 as vice president, strategy and business development for the Residential Solutions sector, where he worked with the Trane heating and cooling and Schlage security businesses.

He also served as the business leader for the Ingersoll Rand home automation business and led a strategy refresh in connection with the spin-off of Allegion plc.

Persson also served as senior vice president and general counsel and head of human resources at Johns Manville, a Berkshire Hathaway company, and was the business leader for its global fiberglass business. He previously worked for the Wall Street M&A law firm Skadden Arps, LLP.

Persson holds a bachelor of science degree in accounting from Brigham Young University and a juris doctor (J.D.) degree from Yale Law School.

For more on ServiceMaster, go to www.servicemaster.com.

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