Brink's Company Board Names Doug Pertz As New CEO

By Trey WilliamsMarketsMarketWatch Pulse

The Brink's Company board on Friday appointed Doug Pertz as the company's new president and chief executive officer. Pertz takes over from George Stoeckert, who served as interim CEO after Thomas Schievelbein retired from the security services company in early May. Stoeckert will stay on until early July to ensure a smooth transition as Pertz takes the helm July 11, according to a news release. Pertz was previously president and CEO of Recall Holdings Limited , which also provides security services along with digital and physical information management. He was in that role since 2013 and led the company's initial public offering. "Throughout his career, Doug has achieved consistent success in driving revenue and profit growth in challenging environments," said Michael Herling, the company's chairman of the board, in a statement. Brink's shares are up 3.5% in the year to date, with the S&P 500 Index also up 3.5%.

Copyright © 2016 MarketWatch, Inc.

Continue Reading Below