Michael Davis named CORT Business Services CEO as Jeffery Pederson retires

Mike Davis has been named the new CEO of CORT Business Services, replacing Jeffery Pederson, who has retired as leader of the rental, relocation and retail services firm.

Owned by Warren Buffet’s Berkshire Hathaway investment firm, CORT Business Services provides furniture rentals for the home, office and retail stores in the US and UK, plus location and site specific services, event furnishings, tour props and other such transition services.

All its services require logistics mastery, storage, tracking and technology capabilities in order to run fast-paced events, refurbishments and moves.  

Davis is currently President and Chief Operating Officer at the company, covering its CORT Furniture Rental, CORT Trade Show and Events, and all other CORT branded businesses throughout the US and UK.

It has partners in more than 80 countries around the world, giving it an international capability.

“The company’s best years are still ahead, and Mike will provide the leadership and direction that propels CORT to new levels of success,” said the retiring Pederson. “The organisation is very fortunate to have him at the helm.”

The man himself says he is committed to listening and learning in order to grow the business.

“Throughout my career at CORT I have been fortunate to work alongside talented individuals from whom I’ve learned so many valuable lessons,” said Davis, as he took up the reigns.

“Without their engagement and advice, my personal journey would not have been as rewarding. For that, I am very grateful, and I am committed to continuing that experience with our team and customers.”

The company’s investors are keen on the appointment, with Greg Abel, Berkshire Hathaway’s Vice Chairman of Non-Insurance Operations, commenting: “Mike’s wealth of knowledge and leadership experience from within CORT will ensure the company serves its customers’ needs well into the future.”

“He has strategic vision and is a passionate, results driven leader. I look forward to his success as CEO."