WACO,
Texas, June 24, 2024 /PRNewswire/ -- Neighborly®,
the world's largest home services company, announced today that
Mike Davis will become its new Chief
Executive Officer (CEO), effective July
8. Jon Shell, who has served
as interim CEO since September 2023,
will resume the role of Chief Financial Officer.
"Mike is a highly successful CEO with a phenomenal track record
of success across various industries, including significantly
growing franchise businesses," said David
Brandon, Executive Chairman of the Board of Directors. "Mike
brings an aligned strategic vision and commitment to innovation,
making him the ideal leader to build on the incredible achievements
and growth Neighborly has experienced."
Davis's career has focused on growth, driven by product or
service enhancements, pricing strategies, marketing excellence, and
customer service. He most recently served as the CEO of
Mathnasium® Learning Centers since 2022, where the company advanced
its mission of education and empowering franchise owners while
experiencing record-setting KPIs across same-center growth,
systemwide sales, lead generation, and conversion and expanded the
network across three new countries. Before that, Davis was the CEO
of Valpak, a franchised network and direct mail and digital
marketing leader, where he helped revamp their business
model, which ultimately drove significant growth.
"Working closely with the Board and the leadership team, Mike
will refine, enhance, and execute the company's existing strategy
and roadmap, with a commitment to expanding the footprint of
Neighborly's service brands and driving awareness to strengthen its
presence in key markets," said Felix
Gernburd, Neighborly Board Member and Partner at KKR. "He is
the right leader to help guide the execution of key enterprise
initiatives and the digital transformation in progress aimed to
elevate Neighborly as a trusted provider to customers and an
attractive investment for prospective franchise owners."
Davis has more than two decades of leadership experience,
including 13 years with Universal Music Group (UMG), where he
became Executive Vice President and General Manager. He led a
division during a disruptive time that outperformed nearly all
others within UMG for four consecutive years. He has consistently
driven profitable growth. His leadership has spanned companies
across diverse fields, including multi-unit franchising, B2B, B2C,
eCommerce, direct-to-consumer, third-party logistics, digital
platforms, and media.
"Neighborly has established itself as a trailblazer in
franchising with some of the most respected and leading home
services brands in the industry," said Davis. "The company has been
served by outstanding leaders, most recently with Jon Shell, and prior to that with the late
Mike Bidwell. I look forward to
joining this great organization and building on the meaningful
impact they have made."
For more information about Neighborly's service brands, visit
www.neighborlybrands.com.
About Neighborly®
Neighborly® is the world's largest
home services company with more than 30 brands and 5,500 franchises
collectively serving 14 million+ customers by repairing,
maintaining, and enhancing their homes and businesses. Through
Neighborly.com and the Neighborly mobile app, we connect consumers
to local service providers that meet rigorous franchisor standards
across 19 service categories. More information about Neighborly,
and its franchise concepts, is available at Neighborlybrands.com.
To learn about franchising opportunities with Neighborly, click
here.
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SOURCE Neighborly