ABM appoints JetBlue tech chief Carol Clements to board of directors

NEW YORK - ABM (NYSE: ABM), a facility and infrastructure solutions provider with a market capitalization of $2.89 billion and annual revenue exceeding $8.5 billion, announced today the appointment of Carol Clements to its Board of Directors. According to InvestingPro data, the company maintains a FAIR financial health score, reflecting its stable market position.

Clements currently serves as Chief Digital and Technology Officer at JetBlue Airways Corporation, where she leads the airline’s technology and innovation strategy. She brings over 25 years of experience in technology and digital transformation across aviation, hospitality, and consulting sectors.

"Carol brings a unique blend of strategic vision, technology expertise, and operational leadership to ABM’s Board," said Sudhakar Kesavan, Chairman of the Board of Directors of ABM.

Before joining JetBlue, Clements held leadership positions at Yum! Brands, Inc., including Chief Technology Officer and General Manager of Pizza Hut Connect and Chief Information Officer for Pizza Hut U.S. Her career also includes senior technology roles at Southwest Airlines and consulting work at PricewaterhouseCoopers LLP.

Clements holds Bachelor of Science degrees in Management Science Engineering and Mathematics from Southern Methodist University.

ABM describes itself as a provider of integrated facility, engineering, and infrastructure solutions with over 100,000 team members and annual revenue exceeding $8 billion. The company serves markets including commercial real estate, aviation, education, and manufacturing. Notable for investors, ABM has maintained dividend payments for 55 consecutive years, though its stock has experienced a 9.5% decline over the past week. InvestingPro subscribers have access to over 30 additional key metrics and insights about ABM’s financial performance and market position.

The announcement was made via a press release issued by the company. For detailed analysis and comprehensive insights about ABM’s financial health, valuation, and growth prospects, investors can access the full Pro Research Report available exclusively on InvestingPro, part of their coverage of over 1,400 US stocks.

In other recent news, ABM Industries reported a 4.6% year-over-year increase in revenue for the second quarter of 2025, reaching $2.1 billion. Despite this growth, the company’s adjusted earnings per share (EPS) of $0.86 narrowly missed the forecasted $0.87, contributing to a cautious market response. ABM Industries also secured a significant 10-year contract valued at approximately $300 million to provide parking and shuttle services at Orlando International Airport. In leadership changes, David Orr was appointed as the new Chief Financial Officer, succeeding Earl Ellis, as part of ABM’s commitment to internal talent development.

Analysts have shown confidence in the company’s prospects, with Baird upgrading ABM Industries’ stock rating to Outperform and UBS raising it to Buy, citing improvements in the Business & Industry segment and a promising outlook. UBS also increased its price target for the company from $50 to $54, while Baird set a new target of $56. The company remains optimistic about its strategic initiatives and has reaffirmed its full-year adjusted EPS guidance of $3.65 to $3.80. These developments reflect ABM Industries’ focus on expanding its service offerings and maintaining a strong market position.

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