Cort Business Services promotes from within for CEO to succeed Pederson

CHANTILLY, Va. — Cort Business Services, a Berkshire Hathaway company, has named Mike Davis as CEO, effective Jan. 5. He succeeds Jeffery Pederson, who is retiring after serving as CEO since 2012.

Davis is currently president and chief operating officer of Cort Business Services, which includes Cort Furniture Rental, Cort Trade Show and Events and all other Cort-branded businesses throughout the U.S. and U.K.

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

“Mike’s wealth of knowledge and leadership experience from within Cort will ensure the company serves its customers’ needs well into the future,” said Greg Abel, Berkshire Hathaway’s vice chairman – non-insurance operations. “He has strategic vision and is a passionate, results-driven leader. I look forward to his continued success as CEO.”

See also: Cort promotes managing director to VP role

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