MEMPHIS, Tenn.-ServiceMaster Global Holdings announced that the company will change its name to Terminix Global Holdings, Inc., and change its NYSE ticker symbol to ‘TMX’, immediately upon the closing of the sale of its ServiceMaster Brands segment, and associated names and trademarks, to Roark Capital, an affiliate of investment funds managed by Roark Capital Management LLC, expected within the next 30 days.

The company also announced the official start of its new chief executive officer, Brett Ponton. Naren Gursahaney will continue his role as non-executive Chairman of the Board of Directors following his service as interim chief executive officer over the past eight months.

“I am excited to join the Terminix team,” said CEO Brett Ponton. “People are at the heart of this great business and leading brand, and I look forward to working closely with our executive leadership team, field managers, and customer-facing employees, as I learn the operating procedures, culture and key customer dynamics that are so important to our success. As a pure-play pest control company we will greatly enhance our customer focus through service excellence, retention improvement, and performance consistency, that will ultimately lead to increased shareholder value.”