BNET Industries

Market Cap:$403.7M
Last Fiscal Year Sales:$929.5M
  • Public
  • US
Dow Jones Description

G&K Services is a North American market leader in branded identity apparel programs and facility services. G&K is committed to enhancing customers' image and safety in the workplace through innovation. Everyday more than one million people wear G&K supplied uniforms and use our products in more than 160,000 facilities. G&K Services, Inc. (NASDAQ: GKSR) was founded in 1902 and is headquartered in Minnetonka, MN.. The company had 2007 revenue of $929.5 million and employs approximately 9,685 people at over 160 locations. In January 2008, it was named one of the 50 Best Employers in Canada for the four consecutive year. The award is sponsored by The Globe and Mail, Canada's national newspaper, and Hewitt and Associates, a global consulting firm whose Vancouver, British Columbia office conducted and analyzed the surveys for the award.

Chief Executive Officer
Douglas A. Milroy
Number of Employees 9,685
Contact Information

5995 Opus Pkwy Ste 500

Minnetonka, Minnesota 55343

www.gkservices....

1 952 912 5500

NAICS Code All Other Personal Services: 812990

Recent Events

  • CEO pay watch: G&K Services' Marcantonio: $4.3 million

    10/09/09 - Mgmt. Change Entering - CEO - View Story

News & Analysis

earnings and g & k services inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Douglas A. Milroy Chief Executive Officer
David M. Miller President, U.S. Rental Operations
Robert G Wood President
Jeffrey L. Wright CFO & Senior Vice President
Damian J. Luna Senior Vice President, Sales
Jackie T. Punch Senior Vice President, HR
Jacqueline T. Punch Senior Vice President, Human Resources
John P. (Scott) Wallace Senior Vice President, Marketing
Peter B.S. Ellis Senior Vice President, Marketing & Business Development
Richard J. Stutz Senior Vice President, Operations and Sourcing
Sally J. Bredehoft Senior Vice President, HR
David F. Fisher Vice President
David J. Fisher General Counsel, Vice President & Secretary
David V. Luby Vice President, Sales
Michael F. Woodard Vice President
Michael McCabe Vice President, Natl Accounts
Patricia A. Kleinman Vice President, Natl Accts & Direct Sales
Scott Wallace Vice President, Marketing
Thomas J. Dietz Vice President
Nicole Keith Director, Marketing
J.D. Bergquist Wood Manager, Investor Relations
Rachel Schuler Assoc Manager, Marketing
Glenn L. Stolt Treasurer
J. Patrick Doyle Director
John S. Bronson Director
Paul Baszucki Director

Board of Directors

Name (plus bio) Position
M. Lenny Pippin Chair of the Corporate Governance Committee
Alice M. Richter Board of Directors
D R "Sid" Verdoorn Board Director
Ernest J. Mrozek Board of Directors
Michael G. Allen Board of Directors
Wayne M. Fortun Board Director

"In May 2009, Doug Milroy was appointed to serve as G&K Services, Inc.’s chief executive officer, at which point he was also added to the company’s board of directors. In these roles, Mr. Milroy leverages more than 20 years of strong business-to-business experience and global leadership expertise. He also brings a proven track record for driving increasing operating execution, productivity and growth. Mr. Milroy was previously responsible for managing G&K’s direct purchase and business development initiatives. He also led the company’s Cleanroom business, an innovative business unit that offers highly specialized services and contamination-free products to customers in the pharmaceutical, biotechnology, microelectronic and automotive industries. Previously, Mr. Milroy was vice president and general manager, food and beverage North America and water care, for Ecolab Inc., a worldwide provider of products and services to the hospitality, foodservice, healthcare, and industrial markets. In this role, he had responsibility for all aspects of the food and beverage North America division and water care division, including improving profitability, implementing growth strategies, increasing customer retention, and creating new technology platforms. Prior to Ecolab, he was managing director for the process additives division of FMC Corporation, a worldwide chemical company, and chairman of FMC UK Ltd., and had worldwide responsibility for all business functions. Mr. Milroy was also with McKinsey & Company, a management consulting firm. At McKinsey, Mr. Milroy worked with senior management of industrial companies in North America and Europe to define profitable growth strategies and organizational plans. Mr. Milroy earned a bachelor’s degree from the University of Minnesota and his M.B.A. from The Harvard Business School. He is also active in the community, especially supporting inner-city education. Mr. Milroy also serves as a board member for JSJ Corporation, a privately-held company that actively designs, develops, markets, and brands a group of durable goods and services throughout the world. "

Organization Position Status
G&K Services, Inc. Chief Executive Officer Current
JSJ Corporation Board of Directors Current
G&K Services, Inc. President, Direct Purchase & Business Development Former
Ecolab Inc. Vice President Former
Ecolab Inc. General Manager Former
The Milroy Group Managing Director Former
McKinsey & Company, Inc. Senior Management Former
Harvard Business School MBA Former
University of Minnesota Bachelor of Mechanical Engineering Degree Former

Organization Position Status
G&K Services, Inc. President, U.S. Rental Operations Current
Harbor Technologies, LLC COO Current
Strategic Equipment & Supply Corp The Company's Coo Current
Jim Jolly Sales Current
Strategic Equipment & Supply Corp Executive Vice President, Operations Former
University of St. Thomas M.B.A Former
University of Minnesota Bachelor’S Degree Former

"Mr. Wood has served as President of G&K Services Canada, Inc. and affiliated entities since 1998 and as Regional Vice President since 1997. Mr. Wood joined the Company in 1995 as a General Manager and served as an Executive Vice President of the Company from May 2000 until July 2002. Prior to joining the Company, he was Vice President of Marketing and Director of Sales with Livingston International, Inc., where he spent 23 years in a variety of operating, sales, service and marketing positions. "

Organization Position Status
G&K Services, Inc. President Current
G&K Services, Inc. Regional Vice President Former
G&K Services, Inc. General Manager Former

"In May 2009, Jeff Wright was promoted to executive vice president, at which point he was also appointed to the company’s board of directors. Mr. Wright continues in his role as G&K Services’ chief financial officer. In these roles, Mr. Wright serves as a key advisor to the chief executive officer and the executive management team. Mr. Wright also leverages an extensive background to lead G&K Services' finance, accounting, treasury, internal audit, investor relations, and risk management functions. He also leads the company's information technology organization. He works closely with all G&K business units, to help assess operational needs and implement information systems and technology assets to drive the company's long- and short-term strategic plans. Mr. Wright has significant experience securing debt and equity financing. In addition, Mr. Wright utilized his broad business background and operations expertise to lead G&K's Cleanroom business from 2004 to 2007. Since joining G&K in 1999, he has played a lead role in negotiating acquisitions within the company's merger and acquisition strategy. Before joining G&K, Mr. Wright was controller and treasurer for industrial manufacturer BMC Industries, Inc. He also served as vice president and treasurer for Employee Benefit Plans Inc., a Minneapolis-based health care insurance firm. Finally, Mr. Wright previously spent nine years as a member of the audit and business advisory unit in the Minneapolis offices of Arthur Andersen LLP. Mr. Wright serves as Chairman-elect for the Textile Rental Services Association. He also serves on the board of directors for Hawkins, Inc. (NASDAQ: HWKN). He is also a finance committee member of the Greater Twin Cities United Way. In addition, Mr. Wright is a member of the Financial Executives Institute, the American Institute of Certified Public Accountants, and the Minnesota Society of Certified Public Accountants. He earned a bachelor's degree in accounting from the University of St. Thomas and is a Certified Public Accountant (inactive status). "

Organization Position Status
G&K Services, Inc. CFO & Senior Vice President Current

"Damian Luna is a results-oriented executive, with a record of strategic leadership, innovation and growth. He has a broad business background with significant expertise in sales; discovering business opportunities and executing strategies that capture new customers and improve market leadership. He is responsible for managing G&K’s sales organization. Luna spent 18 years with Nalco Company, a provider of integrated water treatment and process improvement services, chemicals and equipment programs. He was most recently worldwide strategic business leader for the Food & Beverage and Chemicals & Pharmaceuticals Divisions, responsible for sales and marketing teams, driving strategies to maximize market penetration. He held various management positions including sales, marketing, general and international management. Rapidly advancing throughout his tenure, he successfully established and implemented strategic business plans, which increased growth and profitability, built cohesive management teams and fostered technology advances. Prior to Nalco Company, he was a sales engineer with American Pipe Inspection, Inc. and also worked at Amoco Production Company. Luna earned a bachelor’s degree from Texas A&M University. He is a member of various associations, including Leedar Inc., YMCA of St. Paul and American Institute of Chemical Engineers. "

Organization Position Status
G&K Services, Inc. Senior Vice President, Sales Current
Nalco Co. Worldwide Strategic Business Leader Former
Texas A&M University Bachelor’S Degree Former
Nalco Co. Team Member Former
Amoco Corporation Team Member Former

"Jackie Punch brings extensive human resources leadership and experience to G&K. She has a proven track record of leading positive changes in a large organization. Jackie is responsible for all areas of human resources at G&K. Jackie was most recently senior vice president of human resources at Marshall Field’s, a division of Federated Department Stores. In this position, she was responsible for developing and implementing the strategic human resources direction for the company. Jackie oversaw all areas of human resources, including recruitment, employee and labor relations, compensation, benefits, leadership development, internal communications, and community relations. Jackie earned a bachelor's degree from the University of St. Thomas . She is also active in the community and currently serves as a corporate board member for Fraser, a non-profit social services organization. "

Organization Position Status
G&K Services, Inc. Senior Vice President, HR Current

"Jackie Punch brings extensive human resources leadership and experience to G&K. She has a proven track record of leading positive changes in a large organization. Jackie is responsible for all areas of human resources at G&K. Jackie was most recently senior vice president of human resources at Marshall Field’s, a division of Federated Department Stores. In this position, she was responsible for developing and implementing the strategic human resources direction for the company. Jackie oversaw all areas of human resources, including recruitment, employee and labor relations, compensation, benefits, leadership development, internal communications, and community relations. Jackie earned a bachelor's degree from the University of St. Thomas . She is also active in the community and currently serves as a corporate board member for Fraser, a non-profit social services organization. "

Organization Position Status
G&K Services, Inc. Senior Vice President, Human Resources Current
Gkcares Senior Vice President, Human Resources Current
University of St. Thomas Bachelor's Degree Former

"Scott Wallace is a customer and profit-driven strategist and marketing leader with extensive leadership experience. He has a strong track record of growing revenue, market share, and profits for premiere brands and market segments combined with expertise in driving new product innovations and market analysis. He is responsible for managing G&K’s marketing organization. Prior to G&K 2005, Scott was Vice President of Marketing and Communications for eFunds Corporation, a $500 million dollar provider of payment processing, risk management and outsourcing services. Before eFunds, Scott was chief marketing officer for Integrion Financial Network, an online banking consortium, and SVP Marketing for PNC Bank. Previously, he was Vice President of Marketing for Keebler, where he was responsible for revitalizing the salty snacks business unit. Before joining Keebler, Scott spent ten years building his marketing expertise in a number of senior positions with increasing responsibility at Kraft. Scott earned a M.B.A. degree in Marketing from Cornell University and a B.A. degree in Psychology from Dartmouth College. He is also active in the community and serves as an Emerging Leader for the Twin Cities United Way and as an alumni career advisor and interviewer. "

Organization Position Status
G&K Services, Inc. Senior Vice President, Marketing Current
eFunds Corporation Vice President of Marketing and Communications Former
Keebler Company Vice President of Marketing Former
Cornell University M.B.A. Degree In Marketing Former
Dartmouth College B.A. Degree In Psychology Former

Organization Position Status
G&K Services, Inc. Senior Vice President, Marketing & Business Development Current

"Dick Stutz is committed to keeping the G&K Services infrastructure performing at its best. A member of the G&K team since 1975, he works to develop and fine-tune the core systems and processes that keep the company running efficiently and profitably. His responsibilities include management of processing and manufacturing plants, integration of acquired assets and the development of new facilities. As leader of G&K’s acquisition integration team, Dick plays a key role in ensuring that newly acquired companies and assets blend successfully into G&K’s standardized field operations. He is also committed to improving quality and productivity, controlling energy costs and monitoring environmental issues. Dick’s distinguished career at G&K Services includes serving as both a regional vice president and general manager. He was also heavily involved in the Canadian WorkWear and National Linen Services acquisitions. He is uniquely attuned to the needs and requests of G&K employees, and has played a significant role in company labor negotiations. Dick attended the University of Wisconsin-Oshkosh and completed the Executive Management Institute program at the University of Maryland. "

Organization Position Status
G&K Services, Inc. Senior Vice President, Operations and Sourcing Current
G&K Services, Inc. Member Current
G&K Services, Inc. General Manager Former
University of Wisconsin Oshkosh Graduate Former
University of Maryland Completed the Executive Management Institute Program Former

Organization Position Status
G&K Services, Inc. Senior Vice President, HR Current

Organization Position Status
G&K Services, Inc. Vice President Current
ADC Telecommunications, Inc. Vice President Former
Pillsbury International Management Positions Former
G&K Services, Inc. Corporate Secretary Former
ADC Telecommunications, Inc. Corporate Secretary Former
Minnesota Technology Inc Director Former
University of Minnesota Bachelor’S Degree Former

Organization Position Status
G&K Services, Inc. General Counsel, Vice President & Secretary Current
Pillsbury Vice President Former
ADC Telecommunications, Inc. Vice President Former
ADC Telecommunications, Inc. Corporate Secretary Former

Organization Position Status
G&K Services, Inc. Vice President, Sales Current

Organization Position Status
G&K Services, Inc. Vice President Current
WSI Industries, Inc. member Former
Norstan, Inc. Chair Former
WSI Industries, Inc. Director Former

Organization Position Status
G&K Services, Inc. Vice President, Natl Accounts Current

Organization Position Status
G&K Services, Inc. Vice President, Natl Accts & Direct Sales Current

Organization Position Status
G&K Services, Inc. Vice President, Marketing Current

Organization Position Status
G&K Services, Inc. Vice President Current
G&K Services, Inc. Controller Former

Organization Position Status
G&K Services, Inc. Director, Marketing Current
G&K Services, Inc. Director, Marketing Former

Organization Position Status
G&K Services, Inc. Manager, Investor Relations Current

Organization Position Status
G&K Services, Inc. Assoc Manager, Marketing Current

Organization Position Status
G&K Services, Inc. Treasurer Current

Mr. Pippin is the Chairman of the Board of the company, and serves as the chair of the Corporate Governance Committee of our Board of Directors. Mr. Pippin was Vice Chairman, President and Chief Executive Officer of The Schwan Food Company, a branded frozen-food company, from November 1999 to February 2008. Prior to joining Schwan's, Mr. Pippin served as President and Chief Executive Officer of Lykes Brothers, Inc., a privately held corporation with operating divisions in the food, agriculture, transportation, energy and insurance industries.

Organization Position Status
G&K Services, Inc. Chair of the Corporate Governance Committee Current
American Tire Distributors Director Current
The Florida Council of 100 Member Current
Lowry Park Zoological Society of Tampa Inc. Member Current
American Tire Distributors Member of the Audit Committee Current
The Schwan Food Company Chief Executive Officer Former
Lykes Brothers Inc. CEO Former
Lykes Brothers Inc. President Former
The Schwan Food Company President Former
G&K Services, Inc. Director Former
The Schwan Food Company Director Former
The Schwan Food Company Vice Chairman Former

Organization Position Status
West Marine, Inc. Chair Current
West Marine, Inc. Board of Directors Former
G&K Services, Inc. Board of Directors Current
KPMG International Partner Former
KPMG International National Industry Director Former
KPMG International certified public accountant Former
Moorhead State University Former

Organization Position Status
G&K Services, Inc. Board Director Current
C.H. Robinson Worldwide, Inc. CEO Former
C.H. Robinson Worldwide, Inc. President Former
C.H. Robinson Worldwide, Inc. Board Chairman Former
United Fresh Fruit & Vegetable Association Board Director Former
C.H. Robinson Worldwide, Inc. Board Director Former
Produce Marketing Association Board Director Former

"Mr. Mrozek is a member of the Board of Directors of G&K Services and serves as a member of its Audit Committee. Mr. Mrozek is also one of the Audit Committee financial experts. Effective 2008, Mr. Mrozek retired from ServiceMaster Global Holdings after 20 years of Service. Mr. Mrozek joined ServiceMaster in 1987 and held progressively senior positions in general management, operations and finance. He served as Senior Vice President and Chief Financial Officer from 1992 through January 1997. From January 1997 through April 2002, he was Group President of various combinations of operating subsidiaries within the organization and in April 2002 was elected President and Chief Operating Officer of the enterprise as a whole. In November 2006, he was promoted to Vice Chairman and Chief Financial Officer, and served in that capacity until February 2008, when he decided to retire from the company after overseeing its sale to private equity interests and the relocation of its headquarters from Chicago to Memphis. Prior to joining ServiceMaster, Mr. Mrozek spent 12 years with Arthur Andersen & Co., an international public accounting firm. "

Organization Position Status
G&K Services, Inc. Board of Directors Current
Arthur Andersen LLP Former

Mr. Doyle was elected to the Company's Board of Directors on August 24, 2005 and serves as a member of the Company's Compensation Committee. Mr. Doyle currently serves as President of Domino's U.S.A. for Domino's Pizza, Inc. a position he has held since September 2007. Mr. Doyle served as Domino's Executive Vice President of U.S. Store Operations from October 2004 to September 2007, as Domino's Executive Vice President of International Operations from May 1999 to October 2004, as Domino's interim Executive Vice President, Build the Brand, from December 2000 to July 2001 and as Domino's Senior Vice President of Marketing from the time he joined Domino's in 1997 until May 1999. Prior to joining Domino's, Mr. Doyle served as Vice President and General Manager for the U.S. baby food business of Gerber Products Company.

Organization Position Status
G&K Services, Inc. Director Current
G&K Services, Inc. Member, Compensation Committee Current

Organization Position Status
G&K Services Career Board of Directors Current
Blue Chip Expert Board of Directors Current
G&K Services, Inc. Director Current
PepsiCo, Inc. Executive Vice President, Human Resources Worldwide Former
Williams-Sonoma, Inc. Senior Vice President Former
Williams-Sonoma, Inc. Head of Human Resources Former
PepsiCo, Inc. Senior Human Resource, Related Management Positions Former
Hartwick College B.A. Former

Organization Position Status
G&K Services, Inc. Board of Directors Current

Organization Position Status
Norstan, Inc. Chairman Current
G&K Services Career Board of Directors Current
WSI Industries, Inc. Board of Directors Current
G&K Services, Inc. Director Current
WSI Industries, Inc. Member of the Audit Committee Current
Norstan, Inc. Member of the Corporate Governance Committee Current
Norstan, Inc. Chief Executive Officer Former
Norstan, Inc. Director Former

Organization Position Status
G&K Services Career President and Chief Executive Officer, Hutchinson Technology Inc. Current
Hutchinson Technology Inc. Chief Executive Officer Current
Atgc Inc President and Chief Executive Officer Former
Hutchinson Technology Inc. President Current
G&K Services Career Board of Directors Current
C.H. Robinson Worldwide, Inc. Director Current
G&K Services, Inc. Board Director Current
Idema Board of Directors Current
EAC Corporation Board of Directors Current
Hutchinson Technology Inc. Chief Operating Officer Former
Hutchinson Technology Inc. Engineering, Marketing, and Operations Positions Former
Hutchinson Technology Inc. Board of Directors Former

Executive News

  • Hutchinson Technology Sees Near Breakeven Results For Q4 - Update

    RTTNews.com - 9/08/09 - View Story

  • Hutchinson Technology Expects Fourth Quarter Net Income to be Near Breakeven

    Street Insider - 9/08/09 - View Story

  • Hutchinson Technology Expects Fourth Quarter Net Income to be Near Breakeven

    Stockwatch - 9/08/09 - View Story

  • Hutchinson predicts better-than-expected earnings

    The Minneapolis/St. Paul Business Journal - 9/08/09 - View Story

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     GKSR $21.70 -0.36 (-1.63% )
Average Volume 85,787
Shares Outstanding 18.60M
Market Cap 403.7M
Year High 27.53
Year Low 15.32
Earnings Per Share -3.90
P/E Ratio -5.56
Dividend 0.30
Yield 1.38
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