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Michael Davis Named CEO of Cort Business Services

Jan 04, 2024•over 1 year ago

Position

Chief Executive Officer

Company

CORT

Michael Davis
ChantillyFurnitureRentalReal Estate

Description

CORT Business Services, a Berkshire Hathaway company, today announced Mike Davis has been named the company’s CEO, effective January 5, 2024. He succeeds Jeffery Pederson, who is retiring after serving as CEO of CORT Business Services since 2012.

Company Information

Company

CORT

Location

Chantilly, Virginia, United States

About

CORT, a part of Warren Buffett’s Berkshire Hathaway, is the nation’s leading provider of transition services, including furniture rental for home and office, event furnishings, destination services, apartment locating, touring, and other services. With more than 100 locations including offices, distribution centers, furniture rental showrooms, and furniture outlets across the United States, operations in the United Kingdom, and a global network of partners in more than 80 countries around the world, no other furniture rental company can match CORT’s breadth of services and companywide commitment to making a house a home, an office a great place to work and an event a memorable celebration.

Executive Insights

Based on hiring data
New executive impact window
87% of new executives make significant technology decisions within first 100 days
Budget influence
C-level executives control 73% of technology spending decisions
Transformation catalyst
65% of new senior hires launch digital transformation initiatives
Vendor review timeline
New executives typically review existing vendors within 6 months

Related People

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