<< Back
G&K Services CEO to Take Temporary Medical Leave

MINNEAPOLIS--(BUSINESS WIRE)--Feb. 22, 2012-- G&K Services, Inc. (NASDAQ: GKSR) announced today that its Chief Executive Officer, Douglas A. Milroy, will be taking a planned temporary medical leave, starting February 29, 2012 to treat an aortic aneurism. The company expects that Milroy will recover fully within four to six weeks and will completely resume his normal duties upon his return.

Milroy will continue to serve as G&K’s Chief Executive Officer and as a member of the Board of Directors, and will, as circumstances allow during his recovery, remain actively involved in the Company’s operations and business. Given the expected short duration of Milroy’s leave, the Board of Directors has decided that G&K’s Executive Management team will jointly be responsible for the day-to-day business decisions and operations of the company.

“We wish Doug the best for a full and speedy recovery and look forward to his quick return,” said Lenny Pippin, G&K’s Chairman of the Board. “Both Doug and the Board have full confidence in our very capable management team to run day-to-day operations and business during Doug’s brief leave, and continue driving solid results against our game plan,” concluded Pippin.

About G&K Services, Inc.

G&K Services, Inc. is a service-focused market leader of branded uniform and facility services programs in the United States, and is the largest such provider in Canada. Headquartered in Minneapolis, Minnesota, G&K Services has over 7,500 employees serving approximately 165,000 customers from over 160 facilities in North America. G&K Services is a publicly held company traded over the NASDAQ Global Select Market under the symbol GKSR and is a component of the Standard & Poor’s SmallCap 600 Index. For more information on G&K Services, visit the company’s web site at www.gkservices.com.

Safe Harbor for Forward-Looking Statements

Statements made in this press release concerning the company’s intentions, expectations or predictions about future results or events are “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. These statements reflect the company’s current expectations or beliefs, and are subject to risks and uncertainties that could cause actual results or events to vary from stated expectations, which could be material and adverse. You are cautioned not to place undue reliance on these statements, and the company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Information concerning potential factors that could affect future financial results is included in the company’s Annual Report on Form 10-K for the fiscal year ended July 2, 2011.

Source: G&K Services, Inc.

G&K Services, Inc.
Jeffrey L. Wright, Executive Vice President and Chief Financial Officer, 952-912-5500
Jeff Huebschen, Director, Investor Relations, 952-912-5773

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding G&K Services Inc's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.