SP Plus Corporation, provider of parking, ground transportation and related products and services to commercial, institutional and municipal clients, announced the implementation of a so called leadership succession plan.
After nearly 30 years, James A. Wilhelm, CEO of SP Plus Corporation, will retire, as planned. Upon this retirement, President and COO G Marc Baumann, will assume the role of President and CEO. Baumann will also join the company's Board of Directors.
SP Plus does not intend to appoint a new COO at this point. James A. Wilhelm will remain part of the company as chairman, to share knowledge and expertise.
The changes will be effective Januari 1st, 2015.