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SERVICE CORPORATION INTERNATIONAL ANNOUNCES LEADERSHIP PROMOTIONS

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Service International (NYSE: SCI) announced leadership promotions among its executive officers, effective October 1, 2024. Steven A. Tidwell, Senior VP of Sales and Marketing, will step down to become Special Advisor to the CEO. Sumner J. Waring, III has been promoted from COO to President, taking over sales and marketing responsibilities. John Faulk has been promoted to Senior VP and COO. Eric D. Tanzberger has been promoted to Executive VP and CFO, overseeing business development. Aaron G. Foley has been promoted to Senior VP and Treasurer, overseeing accounting, tax, and risk assurance.

These promotions are part of SCI's succession planning to support long-term growth. The company, headquartered in Houston, Texas, is North America's leading provider of deathcare products and services, operating 1,490 funeral homes and 492 cemeteries across 44 states, eight Canadian provinces, DC, and Puerto Rico as of June 30, 2024.

Service International (NYSE: SCI) ha annunciato promozioni di leadership tra i suoi dirigenti, con effetto dal 1° ottobre 2024. Steven A. Tidwell, Vice Presidente Senior di Vendite e Marketing, si dimetterà per diventare Consulente Speciale del CEO. Sumner J. Waring, III è stato promosso da COO a Presidente, assumendo le responsabilità per le vendite e il marketing. John Faulk è stato promosso a Vice Presidente Senior e COO. Eric D. Tanzberger è stato promosso a Vice Presidente Esecutivo e CFO, sovrintendendo allo sviluppo commerciale. Aaron G. Foley è stato promosso a Vice Presidente Senior e Tesoriere, supervisando contabilità, tasse e assicurazione dei rischi.

Queste promozioni fanno parte della pianificazione della successione di SCI per supportare la crescita a lungo termine. L'azienda, con sede a Houston, Texas, è il principale fornitore nordamericano di prodotti e servizi per i riti funebri, operando 1.490 case funebri e 492 cimiteri in 44 stati, otto province canadesi, DC e Porto Rico al 30 giugno 2024.

Service International (NYSE: SCI) anunció promociones de liderazgo entre sus oficiales ejecutivos, que entrarán en vigor el 1 de octubre de 2024. Steven A. Tidwell, Vicepresidente Senior de Ventas y Marketing, dejará su puesto para convertirse en Asesor Especial del CEO. Sumner J. Waring, III ha sido promovido de COO a Presidente, asumiendo las responsabilidades de ventas y marketing. John Faulk ha sido promovido a Vicepresidente Senior y COO. Eric D. Tanzberger ha sido promovido a Vicepresidente Ejecutivo y CFO, supervisando el desarrollo empresarial. Aaron G. Foley ha sido promovido a Vicepresidente Senior y Tesorero, supervisando contabilidad, impuestos y aseguramiento de riesgos.

Estas promociones son parte de la planificación de sucesión de SCI para apoyar el crecimiento a largo plazo. La empresa, con sede en Houston, Texas, es el principal proveedor de productos y servicios de cuidado funerario en América del Norte, operando 1.490 funerarias y 492 cementerios en 44 estados, ocho provincias canadienses, DC y Puerto Rico hasta el 30 de junio de 2024.

Service International (NYSE: SCI)는 2024년 10월 1일부터 발효되는 임원 승진 소식을 발표했습니다. Steven A. Tidwell는 영업 및 마케팅 수석 부사장직에서 물러나 CEO의 특별 고문이 될 것입니다. Sumner J. Waring, III는 COO에서 사장으로 승진하여 판매 및 마케팅 책임을 맡게 됩니다. John Faulk는 수석 부사장 및 COO로 승진했습니다. Eric D. Tanzberger는 사업 개발을 감독하는 임원 부사장 및 CFO로 승진했습니다. Aaron G. Foley는 회계, 세금 및 리스크 보장을 담당하는 수석 부사장 겸 재무관으로 승진했습니다.

이번 승진은 SCI의 장기 성장 지원을 위한 승계 계획의 일환입니다. 본사는 텍사스주 휴스턴에 위치한 이 회사는 북미에서 가장 큰 장례 서비스 및 제품 제공업체로, 2024년 6월 30일 기준으로 44개 주, 8개 캐나다주, 워싱턴 D.C.와 푸에르토리코에 걸쳐 1,490개 장례식장과 492개 묘지를 운영하고 있습니다.

Service International (NYSE: SCI) a annoncé des promotions de leadership parmi ses dirigeants, avec effet au 1er octobre 2024. Steven A. Tidwell, Vice-Président Senior des Ventes et du Marketing, va démissionner pour devenir Conseiller Spécial du PDG. Sumner J. Waring, III a été promu de COO à Président, prenant en charge les responsabilités des ventes et du marketing. John Faulk a été promu Vice-Président Senior et COO. Eric D. Tanzberger a été promu Vice-Président Exécutif et CFO, supervisant le développement commercial. Aaron G. Foley a été promu Vice-Président Senior et Trésorier, supervisant la comptabilité, la fiscalité et l'assurance des risques.

Ces promotions font partie du plan de succession de SCI pour soutenir la croissance à long terme. L'entreprise, dont le siège est à Houston, au Texas, est le principal fournisseur nord-américain de produits et de services funéraires, exploitant 1 490 maisons funéraires et 492 cimetières dans 44 États, huit provinces canadiennes, DC et Porto Rico au 30 juin 2024.

Service International (NYSE: SCI) gab bekannt, dass es am 1. Oktober 2024 Führungsbeförderungen unter seinen Vorstandsmitgliedern gibt. Steven A. Tidwell, Senior VP für Vertrieb und Marketing, wird zurücktreten, um Sonderberater des CEO zu werden. Sumner J. Waring, III wurde vom COO zum Präsidenten befördert und übernimmt die Verantwortung für Vertrieb und Marketing. John Faulk wurde zum Senior VP und COO befördert. Eric D. Tanzberger wurde zum Executive VP und CFO befördert, wo er für die Geschäftsentwicklung verantwortlich sein wird. Aaron G. Foley wurde zum Senior VP und Schatzmeister befördert und ist verantwortlich für Buchhaltung, Steuern und Risikoversicherung.

Diese Beförderungen sind Teil von SCIs Nachfolgeplanung zur Unterstützung des langfristigen Wachstums. Das Unternehmen mit Sitz in Houston, Texas, ist der führende Anbieter von Bestattungsprodukten und -dienstleistungen in Nordamerika und betreibt bis zum 30. Juni 2024 insgesamt 1.490 Bestattungsinstitute und 492 Friedhöfe in 44 Bundesstaaten, acht kanadischen Provinzen, Washington D.C. und Puerto Rico.

Positive
  • Promotion of experienced internal executives to key leadership positions
  • Implementation of succession planning to support long-term growth
  • Expansion of responsibilities for senior executives, potentially improving operational efficiency
Negative
  • None.

HOUSTON, Oct. 1, 2024 /PRNewswire/ -- Service Corporation International (NYSE: SCI) today announced leadership promotions among its executive officers that were made and approved by the SCI Board of Directors (the "Board") in continuation of the Board's focus on succession planning to support SCI's long-term growth.

Steven A. Tidwell, SCI's Senior Vice President of Sales and Marketing, informed the Company of his intent to step down from his role as an executive officer and assume a new role as Special Advisor to the CEO, effective October 1, 2024.

"Steve has served SCI with distinction over the last 14 years. He joined SCI in 2010 as Vice President of Operations and was promoted to Senior Vice President of Sales and Marketing in 2018. Steve has been instrumental in shaping our strategy and developing our sales and marketing leadership team, greatly contributing to the company's success. We look forward to his continued contribution in his new role," said Tom Ryan, Chairman and CEO. 

Sumner J. Waring, III, who currently serves as Chief Operating Officer, has been promoted to President. In addition to indirectly leading SCI's operations, Mr. Waring will assume Mr. Tidwell's sales and marketing responsibilities. Mr. Waring's successful record of leadership in his numerous operations roles and commitment to the profession as a fifth-generation funeral director make him uniquely qualified to assume the role of President.

John Faulk, who currently serves as Senior Vice President of Revenue and Business Development, has been promoted to Senior Vice President and Chief Operating Officer. With his strategic acumen, institutional knowledge and broad business experience, Mr. Faulk is the ideal leader to support SCI's funeral and cemetery operations.

Eric D. Tanzberger, who currently serves as Senior Vice President and Chief Financial Officer, has been promoted to Executive Vice President and Chief Financial Officer, and will oversee business development, including mergers and acquisitions, construction and real estate, as well as pricing and revenue development, in addition to his current responsibilities. His financial expertise and proven leadership will be instrumental in working with these teams to drive SCI's future growth.

Aaron G. Foley, who currently serves as Vice President and Treasurer, has been promoted to Senior Vice President and Treasurer, and will oversee accounting, tax, and risk assurance and advisory services, in addition to his current responsibilities. His 16 years of financial, accounting and management experience with SCI will serve him well in his new role.

In their new roles, Messrs. Waring and Tanzberger will continue to report to Mr. Ryan, Mr. Faulk will report to Mr. Waring and Mr. Foley will continue to report to Mr. Tanzberger.

"These leadership promotions underscore our commitment to robust succession planning and reinforce our focus on driving a long-term growth strategy, I am proud that SCI continues to have an exceptional team of dedicated and experienced professionals at its helm." said Marc Watts, Lead Independent Director of the Board. "We are excited about the future of our company and confident in the exceptional strength and talent of our leadership team."

About Service Corporation International

Service Corporation International (NYSE: SCI), headquartered in Houston, Texas, is North America's leading provider of deathcare products and services. At June 30, 2024, we owned and operated 1,490 funeral homes and 492 cemeteries (of which 306 are combination locations) in 44 states, eight Canadian provinces, the District of Columbia, and Puerto Rico. Through our businesses, we market the Dignity Memorial® brand which offers assurance of quality, value, caring service, and exceptional customer satisfaction. For more information about Service Corporation International, please visit our website at www.sci-corp.com. For more information about Dignity Memorial®, please visit www.dignitymemorial.com.

For additional information contact:



Investors:


Allie O'Connor – Assistant Vice President / Investor Relations


(713) 525-9156



Trey Bocage – Director / Investor Relations


(713) 525-3454

Media:


Jay Andrew - Director / Corporate Communications


(713) 525-5235

Cision View original content:https://www.prnewswire.com/news-releases/service-corporation-international-announces-leadership-promotions-302264662.html

SOURCE Service Corporation International

FAQ

What leadership changes did Service International (SCI) announce on October 1, 2024?

SCI announced several promotions: Sumner J. Waring, III to President, John Faulk to Senior VP and COO, Eric D. Tanzberger to Executive VP and CFO, and Aaron G. Foley to Senior VP and Treasurer. Steven A. Tidwell stepped down to become Special Advisor to the CEO.

How many funeral homes and cemeteries did SCI operate as of June 30, 2024?

As of June 30, 2024, SCI owned and operated 1,490 funeral homes and 492 cemeteries across North America.

What is the purpose of these leadership promotions at SCI?

The promotions are part of SCI's succession planning strategy to support long-term growth and reinforce the company's focus on driving a long-term growth strategy.

Who will assume the sales and marketing responsibilities at SCI following the leadership changes?

Sumner J. Waring, III, who has been promoted to President, will assume the sales and marketing responsibilities previously held by Steven A. Tidwell.

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