Auto body repair chain Service King announced this week that it has hired Anil Varghese as the company's first Chief Information Security Officer (CISO). (Disclosure: My husband works at Service King.)
Varghese joins the company amidst an explosive growth period as the organization establishes itself as an industry leader with nearly 300 locations in 23 states across the U.S. In fact, the company announced its fifth expansion effort of 2016 just days before announcing Varghese's hire.
“As our organization continues to grow and evolve, the need for a seasoned security expert rises as well," said Derek Kramer, Service King Chief Information Officer. "Anil brings decades of expertise and global experience to those facets of our business as we continue to proactively address security and IT solutions at Service King.”
Varghese is an industry veteran, most recently serving as Chief Security Officer at marketing technology company Targetbase. Prior to that he held security leadership positions at American Express and financial services company TG, among others. He is an active member of the information security/assurance community as a frequent speaker and presenter to ISSA, Evanta, CISO Roundtable, InfraGard ISACA and the FBI. Varghese got his MBA at Southern Methodist University - Cox School of Business in 2014.
“In today’s business climate with customers and the Board of Directors alike, it is essential that companies instill confidence in the marketplace with their vigilant attention and focus on the security of data,” Varghese said. “As we continue to grow and expand into different markets, I will continue to mature Service King’s enterprise security strategies with an eye towards achieving our corporate risk management goals.”
In 2014, private equity company Blackstone Group LP acquired a majority stake in Service King, with an eye on industry consolidation, according to the Wall Street Journal. And, lest it go unsaid, as Dallas Business Journal noted, "speedy expansions also provide their buyout firms with a possible exit strategy that could result in a colossal payoff: an initial public offering."