CHANTILLY, Va.--(BUSINESS WIRE)--CORT Business Services, a Berkshire Hathaway company, today announced Mike Davis has been named the company’s CEO, effective January 5, 2024. He succeeds Jeffery Pederson, who is retiring after serving as CEO of CORT Business Services since 2012.
Davis is currently President and Chief Operating Officer of CORT Business Services, which includes CORT Furniture Rental, CORT Trade Show and Events and all other CORT-branded businesses throughout the U.S. and U.K. He has held leadership roles in both sales and operations within CORT and has served on numerous industry association boards. “The Company’s best years are ahead, and Mike will provide the leadership and direction that propels CORT to new levels of success,” said Pederson. “The organization is very fortunate to have him at the helm.”
“Mike’s wealth of knowledge and leadership experience from within CORT will ensure the company serves its customers’ needs well into the future,” said Greg Abel, Berkshire Hathaway’s Vice Chairman – Non-Insurance Operations. “He has strategic vision and is a passionate, results-driven leader. I look forward to his continued success as CEO."
“Throughout my career at CORT I have been fortunate to work alongside talented individuals from whom I’ve learned so many valuable lessons. Without their engagement and advice, my personal journey would not have been as rewarding. For that, I am very grateful, and I am committed to continuing that experience with our team and customers, listening, and learning as we grow together,” Davis said.
About CORT
CORT, a part of Warren Buffett’s Berkshire Hathaway, is the nation’s leading provider of transition services, including furniture rental for home and office, event furnishings, destination services, apartment locating, touring, and other services. With more than 100 offices, rental showrooms, and retail furniture outlets across the United States, operations in the United Kingdom, and partners in more than 80 countries around the world, no other furniture rental company can match CORT’s breadth of services and companywide commitment to making a house a home, an office a great place to work and an event a memorable celebration. For more information, please visit www.cort.com.
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