Market Overview

Standard Parking Says Marcum Won't be CEO, Will Leave Company

Standard Parking Corporation (Nasdaq: STAN), one of the nation's leading providers of parking management, ground transportation and other ancillary services, today announced that James Marcum, the current Chief Executive Officer of Central Parking, will not serve as Chief Operating Officer of Standard Parking following the expected closing of the previously-announced merger of the two companies. While Standard Parking and Mr. Marcum were unable to reach agreement on the terms of the Chief Operating Officer role, Mr. Marcum will remain an active member of the executive-level integration planning committee for as long as is determined to be ideal for the combined company, and for at least three months in all events, in order to facilitate a smooth and effective post-closing integration of the two companies.

Posted-In: News Management

 

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