IES Holdings Announces Leadership Change
IES Holdings, Inc. (NASDAQ: IESC) has made a significant change in its leadership team with the appointment of Matthew Simmes as the new Chief Executive Officer, effective July 1. Mr. Simmes, who has been serving as the President and Chief Operating Officer, will take this important step as part of the company’s executive succession plan. This pivotal transition marks a new chapter for IES as they continue to enhance their strategic direction and operational efficiency.
Transition in Leadership
In his new role, Matthew Simmes will also keep his position as President and will join the Board of Directors, while Jeffrey Gendell, who has been at the helm as CEO since 2020, will transition to the role of Executive Chairman. Gendell, who has played a crucial role since being appointed in 2016, will now focus on leading the Board and collaborating closely with Simmes and IES's senior leadership team.
Matthew Simmes: An Experienced Leader
Simmes brings over 31 years of dedicated service to IES, ascending through various senior roles within the company. His extensive experience includes roles such as President of the Communications segment and Vice President of Operations, demonstrating his capability in managing multiple facets of business operations. Since his promotion to Chief Operating Officer in 2021, Simmes’ influence has been pivotal in driving the company's strategic objectives and operational success.
Continued Growth and Collaboration
Highlighting the collaborative spirit within IES, Gendell expressed confidence in Simmes’ leadership, emphasizing the successful growth of IES over the past five years. He noted, “With Matt leading the Company as CEO, I will continue to focus on strategic issues vital to IES’s long-term prosperity, including organic growth and capital allocation.” This allows IES to reinforce its commitment to progress while harnessing the expertise of its leadership.
Looking Ahead
Simmes voiced his gratitude for the trust placed in him by the Board and his excitement to continue leading such a talented workforce. He stated, “It is truly an honor to be given the opportunity to lead the talented and dedicated people who are the key to IES’s success.” His focus will be on leveraging the team's capabilities to build on the company’s past successes and seize upcoming opportunities.
About IES Holdings, Inc.
IES specializes in designing and installing integrated electrical and technology systems along with providing essential infrastructure products and services across various end markets, including residential housing, commercial, industrial facilities, and data centers. With a workforce exceeding 9,000, IES is well-positioned to serve its clients efficiently throughout the region.
Frequently Asked Questions
Who is the new CEO of IES Holdings?
The new CEO of IES Holdings is Matthew Simmes, who will assume the role effective July 1.
What position did Matthew Simmes hold before becoming CEO?
Before becoming CEO, Matthew Simmes served as the President and Chief Operating Officer of IES Holdings.
Who does Matthew Simmes succeed as CEO?
Matthew Simmes succeeds Jeffrey Gendell as the Chief Executive Officer of IES Holdings.
What will Jeffrey Gendell’s role be after the leadership change?
Jeffrey Gendell will transition to the position of Executive Chairman, continuing to lead the Board of Directors.
What is IES Holdings known for?
IES Holdings is known for designing and installing integrated electrical and technology systems and providing infrastructure products and services to various industries.
