***Updated 3/25/2013, at 3:15 p.m., with additional information about Fallon’s new employment***

MEMPHIS, Tenn. — Terminix announced that President Chuck Fallon has decided to leave the company, effective March 29, to take over as chief executive officer of another company. According to a press release from Globe Newswire, on March 25, Fallon was named chief executive officer of FirstService Residential, a subsidiary of FirstService Corporation, and largest manager of residential communities in North America. Fallon succeeds Gene Gomberg, who will remain with the company as chairman.

While Terminix searches for a replacement, Larry Pruitt will serve as interim president of Terminix and report directly to ServiceMaster CEO Hank Mullany. In an emailed statement Mullany stated, "While we search for a Terminix president, it’s important to note there are very positive things happening in the business. We’re fortunate to have someone of Larry’s experience and caliber to guide Terminix during this transitional period. We’ll miss Chuck at ServiceMaster but this is a great opportunity for him to work closer to his family in South Florida. We wish him much success in the future."

Fallon was named president of Terminix in December 2011 after having served as president of Burger King North America, where he helped continue the company’s successful turnaround after its initial public offering in 2006. Fallon succeeded Tom Brackett, who became president of ServiceMaster’s lawn care brand, TruGreen, in December 2011. Brackett resigned from that position after less than one year.