The leader behind one of the biggest armored car companies in the world is stepping down.
Michael T. Dan, president and chief executive of Richmond-based Brink’s, announced his retirement Monday.
Dan, 61, started with the company 29 years ago as the company’s director of automotive design. He worked his way up through the company, assuming his current position in 1998.
“It has been a pleasure working with the very talented employees here at Brink’s. We have built a strong brand and a culture of value creation and dependability, and I am confident that Brink’s is in a great position to grow and achieve great success in the future,” Dan said in a statement.
The security and protection company, which started in Chicago in 1859, operates in 150 countries and had revenue of $3.2 billion last year. Revenue is up 29 percent this year, according to the company’s recently released financial report.
Dan’s total compensation for 2010 was $6.44 million.
Thomas Schievelbein, a member of the company’s board of directors, has been appointed interim president and chief executive. The board has established a search committee to find a replacement.
The leader behind one of the biggest armored car companies in the world is stepping down.
Michael T. Dan, president and chief executive of Richmond-based Brink’s, announced his retirement Monday.
Dan, 61, started with the company 29 years ago as the company’s director of automotive design. He worked his way up through the company, assuming his current position in 1998.
“It has been a pleasure working with the very talented employees here at Brink’s. We have built a strong brand and a culture of value creation and dependability, and I am confident that Brink’s is in a great position to grow and achieve great success in the future,” Dan said in a statement.
The security and protection company, which started in Chicago in 1859, operates in 150 countries and had revenue of $3.2 billion last year. Revenue is up 29 percent this year, according to the company’s recently released financial report.
Dan’s total compensation for 2010 was $6.44 million.
Thomas Schievelbein, a member of the company’s board of directors, has been appointed interim president and chief executive. The board has established a search committee to find a replacement.