Cintas Corporation Expands Board of Directors, Appoints Martin Mucci as Director

Rhea-AI Summary

Cintas Corporation has appointed Martin “Marty” Mucci to its Board of Directors, expanding the board to 10 members. Mucci, currently the Chairman at Paychex, previously served as CEO for 12 years, transforming it from a payroll service into a technology-driven service leader. His background in B2B services and digital innovation is expected to provide valuable insights to Cintas as it focuses on enhancing its customer digital experience. Mucci will serve on the Audit and Nominating and Corporate Governance Committees. The leadership change aligns with Cintas’ goal to strengthen its position in the business services industry.

Positive

• Mucci's experience in digital transformation at Paychex will enhance Cintas' focus on technological innovation.
• His leadership is anticipated to strengthen Cintas' position in the competitive business services sector.

Negative

• None.

Paychex Chairman joins Cintas with expertise in B2B technological innovation and digital transformation

CINCINNATI--(BUSINESS WIRE)-- Cintas Corporation (Nasdaq: CTAS) today elected Martin “Marty” Mucci to its Board of Directors, effective immediately. Mucci’s appointment expands the size of Cintas’ Board to 10 Directors.

Cintas Corporation today elected Martin “Marty” Mucci to its Board of Directors, effectively immediately. Mucci will be an independent director and his appointment expands the size of Cintas’ Board to 10 Directors. Mucci is currently Chairman of the Board at Rochester, N.Y.-based Paychex, Inc., following his October 2022 retirement as the company’s CEO. In his 12 years as CEO, Mucci led Paychex’s transformation from a payroll services company into a leading customer-driven, technology-enabled service company. (Photo: Business Wire)

Mucci is currently Chairman of the Board at Rochester, N.Y.-based Paychex, Inc., following his October 2022 retirement as the company’s CEO. In his 12 years as CEO, Mucci led Paychex’s transformation from a payroll services company into a leading customer-driven, technology-enabled service company. Paychex’s digital innovation significantly expanded HR solutions available to its more than 730,000 small- to medium-sized business customers with the introduction of its software-as-a-service, cloud-based and mobility capabilities that further supported its world-class personalized service.

Prior to joining Paychex in 2002, Mucci was the former President and CEO of Rochester-based Frontier Telephone, a division of Frontier Corporation where he spent a total of 21 years.

“Marty has a deep understanding of B2B services, and his leadership transforming Paychex into a data-focused, technology-driven industry leader will provide a valuable perspective for our Board,” said Scott D. Farmer, Cintas Executive Chairman. “Under Marty’s leadership, the culture at Paychex is similar to Cintas’ culture. We look forward to his contributions and leadership as we continue to grow our customers’ digital experience and expand Cintas’ position as the leader in the business services industry.”

An independent member of Cintas’ Board, Mucci will serve on the Audit Committee and the Nominating and Corporate Governance Committee. In addition to Paychex’s Board, on which he has served since 2010, Mucci also sits on the Board of NCR Corporation, which provides digital consulting services and products to connected businesses.

>> Media Use Asset via Dropbox: Martin Mucci Headshot (.jpg)

About Cintas Corporation

Cintas Corporation helps more than one million businesses of all types and sizes get Ready™ to open their doors with confidence every day by providing products and services that help keep their customers’ facilities and employees clean, safe, and looking their best. With offerings including uniforms, mats, mops, towels, restroom supplies, workplace water services, first aid and safety products, eye-wash stations, safety training, fire extinguishers, sprinkler systems and alarm service, Cintas helps customers get Ready for the Workday®. Headquartered in Cincinnati, Cintas is a publicly held Fortune 500 company traded over the Nasdaq Global Select Market under the symbol CTAS and is a component of both the Standard & Poor’s 500 Index and Nasdaq-100 Index.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230411005756/en/

Media Contacts:

Michelle Goret, Cintas Vice President of Corporate Affairs | goretm@cintas.com, 513-972-4155

Lizz Summers, Cintas Director of Corporate Affairs | summerse2@cintas.com, 513-972-2859

Investor Relations Contacts:

Mike Hansen, Cintas Executive Vice President and CFO | hansenm@cintas.com, 513-972-2079

Paul Adler, Cintas Vice President and Treasurer | adlerp@cintas.com, 513-972-4195

Source: Cintas Corporation

FAQ

What is the significance of Martin Mucci joining Cintas' Board of Directors?

Martin Mucci's appointment is significant as he brings extensive experience in digital transformation and B2B services, which could enhance Cintas' strategic direction.

How does Martin Mucci's previous experience benefit Cintas?

Mucci's previous success at Paychex in leading technological advancements will likely provide valuable insights for Cintas' growth and digital initiatives.

What committees will Martin Mucci serve on at Cintas?

Martin Mucci will serve on both the Audit Committee and the Nominating and Corporate Governance Committee at Cintas.

What does Mucci's appointment mean for Cintas' future?

Mucci's appointment could mean a strong focus on enhancing customer digital experiences and expanding Cintas' market leadership in business services.