Cintas announces Todd Schneider to its Board of Directors as next CEO alongside Scott Farmer remaining as Executive Chairman

– USA, OH –  Cintas Corporation (NASDAQ: CTAS) today announced the appointment of Todd Schneider to its Board of Directors as CEO & President, effective June 1, 2021, increasing the board members from 8 to 9. He succeeds Scott Farmer who will retire as CEO on May 31, 2021, but will remain Executive Chairman.

“Todd joined Cintas’ Management Trainee program right out of college in 1989. He has held many positions over the course of 32 years. Todd has extensive knowledge of our company, fully supports and exemplifies our culture and has served as EVP & COO since 2018, which will ensure a seamless transition. Todd is undeniably the right person to lead Cintas to even greater success in the future,” said Executive Chairman, Scott Farmer.

“It has been a great privilege to serve as Cintas’ CEO for 18 years. The company has grown and changed significantly over that time but our core values and the culture that binds our employee-partners together has remained a steady foundation for the success Cintas has achieved,” said Scott Farmer. “I am proud of our many collective accomplishments, including the innovative products and services we provide our customers as well as the tremendous dedication of our employee-partners. Our company is in a position of financial strength, with a strong and experienced leadership team executing a proven strategy that has allowed our continued success even through the recent pandemic, making this the appropriate time for an orderly transition.”

Under Mr. Farmer’s leadership, the company’s revenue grew from $2.69 billion in 2003 to more than $7 billion at the end of its previous fiscal year.

Lead Director, Joe Scaminace commented, “Scott has done a great job leading Cintas through years filled with challenges, change, and opportunities, including the Great Recession and the recent pandemic as well as the integration of SAP technology across the organization at the same time the company was integrating its largest acquisition to date, G&K Services. The entire Cintas Board of Directors thanks Scott for his service to the company as CEO and we are grateful that he remains at the helm as Executive Chairman.”

“I am honored that the board selected me as the next CEO of this great company and grateful for the opportunity to build on the long trajectory of success that Cintas has achieved under Scott Farmer’s leadership,” said Todd Schneider. “With the proven leadership team currently in place, along with our exemplary employee-partners providing excellent care to our customers, I believe Cintas’ future is brighter than ever.”

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, restroom supplies, first aid and safety products, fire extinguishers and testing, and safety training, Cintas helps customers get Ready for the Workday. The company is also the creator of the Total Clean Program — a first-of-its-kind service that includes scheduled delivery of essential cleaning supplies, hygienically clean laundering, and sanitizing and disinfecting products and services. 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.

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