Central Parking Announces Appointment of Cindy Baier as Senior Vice President and Chief Financial Officer

Central Parking System, Inc. (Central Parking) announced, effective today, the appointment of Lucinda M. (Cindy) Baier to serve as Senior Vice President and Chief Financial Officer of the Company.
Ms. Baier brings extensive experience to Central Parking. Her background includes both public and private company experiences, as well as an in-depth knowledge of complex organizations and transformational assignments. Most recently Baier served as Executive Vice President and Chief Financial Officer for Movie Gallery. Baier has also served as Senior Vice President and Chief Financial Officer for World Kitchen, LLC; President and Chief Operating Officer for Whitehall Jewellers, Inc.; Senior Vice President and General Manager for Sears, Roebuck and Co., where she was responsible for the Credit and Financial Products division reporting to the Chairman and Chief Executive Officer; and General Dynamics Corporation. She currently serves as a Director of Bon-Ton Stores, Inc. Baier began her career with Arthur Andersen & Company where she was a manager in the audit practice. She is a graduate of Illinois State University, where she earned an MS degree in Accounting in 1987 and a BS degree in Accounting in 1984. Baier is also a certified public accountant.

We are excited to have Cindy join our executive management team, said Jim Marcum, Chief Executive Officer and President. She brings to our Company a wealth of financial experience, as well as a proven record of strong leadership and significant accomplishments. The timing of Cindy's joining the team is important as we are beginning to see some positive signs of our business improving, as well as our efforts to implement key strategic initiatives to better leverage our business. Ms. Baier's appointment follows the decision by John Hill, who has served as the Company's Senior Vice President and Chief Financial Officer since October, 2007, to transition out of his current role with the Company.

I'm looking forward to working with Jim and the entire Central Parking organization as we build upon the key traditions of the Company while, at the same time, taking the business to a new level of performance and client and customer service, said Baier.

About Central Parking

Central Parking is a leader in parking management and marketing, serving large and small property owners, infrastructure funds and governmental clients to maximize service, revenue and value in all geographies and service sectors including: mixed-use developments, office buildings, hotels, stadiums and arenas, airports, hospitals, universities and municipalities. With offices in most major metropolitan areas in the United States, the Company operates approximately 2,300 parking facilities containing 1.1 million spaces and its service brands include: Central Parking System, USA Parking, CPS Parking and New South Parking.
Central Parking System, Inc.
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