Brink’s Names Thomas Schievelbein as New Chairman, President and CEO [Travel & Leisure Close – Up]

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The Brink's Company, a company focused on security-related services, announced that its board of directors has elected Thomas C. Schievelbein as chairman of the board, president and chief executive officer, effective immediately.

Schievelbein had served as interim president and chief executive officer of Brink's since December 2011.

"We are pleased to announce that, after an extensive search, we have chosen Tom to lead Brink's on a permanent basis," said Murray D. Martin, who will continue as the board's lead independent director. "Under his leadership as interim CEO, Brink's launched a thorough review of its entire business portfolio while accelerating productivity efforts, and a plan to reduce 2012 operating costs in North America is well under way. As a member of the Brink's board since 2009, Tom understands our business and our markets, yet brings a fresh set of eyes to our future. His combination of vision, operating experience and leadership skills makes us highly confident in his ability to create significant value for our shareholders, customers and employees."

According to a release, Tom Schievelbein, 58, was appointed interim president and chief executive officer of Brink's in December 2011, after serving as interim executive chairman of the company from November 2011 to December 2011. Schievelbein has served on the Brink's board since 2009. He is the retired president of Northrop Grumman Newport News, a subsidiary of the Northrop Grumman Corp., and has been a business consultant since November 2004.

Schievelbein served as president of Northrop Grumman Newport News from November 2001 until his retirement in November 2004. From October 1995 to October 2001, he served as executive vice president and chief operating officer of Newport News Shipbuilding, Inc. He currently serves as a director of Huntington Ingalls Industries, Inc., McDermott International, Inc., and New York Life Insurance Company.

The Brink's Company is a provider of secure transportation and cash management services.