Appointment of Chief Executive

The Safetykleen Board is pleased to announce the appointment of Philippe Mauguy as Chief Executive

Philippe MauguyDecember 2013

Earlier this year, the Board of Safetykleen (“the Company”), Europe’s largest service provider for parts washers servicing both the automotive and industrial sectors, was notified by Steve Brain, the current Chief Executive, that he wished to retire following 25 successful years with the Company. The Board has spent the past few months determining Steve’s succession and is pleased to announce the appointment of Philippe Mauguy as Chief Executive.

Philippe Mauguy brings over 25 years of European industrial and service experience to Safetykleen.  Most recently he was Executive Board member with responsibility for France and UK at Selecta, one of Europe’s leading vending machine operators.  Previously he was President, Continental Europe at United Technologies Corporation (UTC) Fire and Security where he lead an £800 million revenue business.

Steve Brain the current Chief Executive will remain on the board and will work to ensure a smooth handover. It is expected that Philippe will begin as full time CEO on 1st January, 2014.

Steve Brain commented. “I have spent the majority of my working life with Safetykleen and it has been the most satisfying career that one could have asked for. I am sure that with Philippe as CEO, Safetykleen will continue to embrace the inherent values that have made it such a fantastic Company whilst introducing new and dynamic ideas that will make the Company a bigger and better business. I look forward to continuing to support the Company as a shareholder and board member”

Philippe Mauguy commented, “I am pleased to be joining Safetykleen as it embarks on a new and exciting chapter of growth and development.  I look forward to working with Steve over the weeks ahead in order to ensure a smooth transition. Together with the rest of management team, I have an enviable opportunity to continue to develop the unique products and services offered by Safetykleen with the support of Warburg Pincus”