ATLANTA - Rollins, Inc. (NYSE:ROL), a global services company, announced the appointment of Louise S. Sams as its new Lead Independent Director and Chairperson of the Nominating and Corporate Governance Committee. The change in leadership took place following the retirement of Jerry W. Nix after the company's Annual Meeting of Shareholders on April 23, 2024.
Louise S. Sams, who has been a member of the Rollins Board of Directors since 2022, steps into her new role with a wealth of experience in governance. She previously held the position of Executive Vice President and General Counsel at Turner Broadcasting System, Inc. from 2000 to September 2019.
Gary W. Rollins, Executive Chairman of the Board, expressed confidence in Sams' capabilities, stating, "We are pleased to have someone with Louise's leadership qualities and governance experience in this important role as we continue to grow our business."
Rollins, Inc. is known for its comprehensive pest control services and operates a family of leading brands. The company serves over 2.8 million customers across multiple continents, including North America, South America, Europe, Asia, Africa, and Australia.
With a workforce of more than 19,000 employees, Rollins operates from over 800 locations worldwide and is the parent company to well-known subsidiaries such as Orkin, HomeTeam Pest Defense, and others.
The appointment of Sams marks a significant governance transition for Rollins as the company moves forward with its strategic growth plans. The information regarding this leadership change is based on a press release statement.
InvestingPro Insights
As Rollins, Inc. (NYSE:ROL) welcomes Louise S. Sams to her new position, the company's financial metrics provide a snapshot of its market standing. With a market cap of $21.43 billion, Rollins is a significant player in the services industry.
The company's commitment to growth and stability is reflected in its gross profit margin of 52.31% over the last twelve months as of Q1 2024, showcasing its efficiency in generating profits from its revenues.
An InvestingPro Tip highlights Rollins' impressive track record of raising its dividend for 21 consecutive years, with the last dividend growth standing at 15.38%. This consistent return to shareholders is complemented by another InvestingPro Tip pointing out that the company has maintained dividend payments for an impressive 54 consecutive years, underscoring its commitment to shareholder value.
Investors should note that while Rollins trades at a high earnings multiple, with a P/E ratio of 49.36, this may be indicative of the market's optimistic valuation of the company's future growth prospects.
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