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Cintas Corporation Announces 21.1% Increase in Quarterly Cash Dividend and New $1.0 Billion Stock Buyback Authorization

Cintas Corporation Announces 21.1% Increase in Quarterly Cash Dividend and New $1.0 Billion Stock Buyback Authorization
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Cintas CEO to Retire May 31


Cintas CEO to Retire May 31
The uniform, jansan and safety products supplier also named the successor for Scott Farmer, who has been the company s CEO for the past 18 years.
Apr 8th, 2021
Cintas
CINCINNATI Cintas Corporation announced April 1 that Scott Farmer, Cintas chairman & chief executive officer, will retire as CEO on May 31. Farmer will remain executive chairman, a role he has held since 2016.
The company also announced that its board of directors has increased the number of directors from eight to nine and elected Todd Schneider as chief executive officer & president and a director of the company, effective June 1.
Cintas Corporation CEO and Chairman Scott Farmer (left) will retire as CEO on May 31, 2021 after 18 years in the role and 40 years at the company. He will be succeeded as CEO by Todd M. Schneider (right), the company’s current Executive Vice President and Chief Operating Officer, on June 1, 2021. Farmer will remain on as the Executiv ....

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Scott D. Farmer To Retire As Cintas Corporation CEO On May 31; Todd M. Schneider Elected New CEO & President, Effective June 1


April 1, 2021
CINCINNATI April 1, 2021 Cintas Corporation today announced Scott D. Farmer, Cintas Chairman & Chief Executive Officer, will retire as CEO on May 31, 2021. Mr. Farmer will remain Executive Chairman, a role he has held since 2016.
The company also announced that its Board of Directors has increased the number of Directors from 8 to 9 and elected Todd M. Schneider as Chief Executive Officer & President and a Director of the company, effective June 1, 2021.
“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,” Mr. Farmer said. “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 i ....

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