Leadership Transition at IES Holdings, Inc.
IES Holdings, Inc. has entered an exciting new chapter with the appointment of Matt Simmes as the President and Chief Executive Officer. This transition comes as Jeff Gendell steps into the role of Executive Chairman of the Board, marking a strategic shift in leadership aimed at fostering growth and innovation.
Commitment to Growth
Expressing his gratitude, Mr. Simmes stated he is eager to lead the company forward. He acknowledged the solid foundation laid by Jeff Gendell, citing IES’s impressive growth trajectory under Gendell’s guidance. Simmes emphasized his commitment to enhancing shareholder value and furthering the company’s mission to serve its customers and employees effectively.
The New Leadership Team
In conjunction with Mr. Simmes’ appointment, the company has also welcomed Jordan Lyman as President of the Residential segment of IES. Mr. Lyman, who boasts over two decades of experience at IES Residential, will take on this pivotal role to navigate the current housing market challenges while positioning the segment for sustainable growth.
Strong History of Collaboration
Mr. Simmes shared his enthusiasm about working closely with Mr. Lyman, particularly highlighting their partnership during Simmes’ tenure as Interim President. He noted Lyman's extensive knowledge of the industry and deep insights into operational processes as essential assets that will drive the Residential segment’s success.
About IES Holdings, Inc.
IES Holdings, Inc. specializes in designing and installing integrated electrical and technology systems, catering to a diverse range of sectors including data centers, residential housing, and commercial facilities. The company employs over 9,000 professionals dedicated to serving clients across the United States. Their commitment to quality and advanced technology ensures that they are equipped to meet evolving market needs.
Continued Client Commitment
Mr. Lyman expressed deep appreciation for his new position, acknowledging the trust placed in him by Simmes, Gendell, and the Board. He conveyed his enthusiasm for leading his experienced team at IES Residential, many of whom he has worked with for years, further solidifying relationships within the industry.
Contact Information
For additional information regarding IES Holdings, Inc. or for investor relations, please contact:
Tracy McLauchlin
Chief Financial Officer
IES Holdings, Inc.
(713) 860-1500
Investor Relations:
Robert Winters or Stephen Poe
Alpha IR Group
312-445-2870
IESC@alpha-ir.com
Frequently Asked Questions
Who is the new CEO of IES Holdings, Inc.?
Matt Simmes has been appointed as the new CEO of IES Holdings, Inc.
What role does Jeff Gendell have after the leadership change?
Jeff Gendell has transitioned to the role of Executive Chairman of the Board.
Who is responsible for IES's Residential segment now?
Jordan Lyman has been appointed as the President of IES's Residential segment.
How many employees does IES Holdings, Inc. have?
IES Holdings, Inc. employs over 9,000 individuals across its operations.
What services does IES Holdings, Inc. provide?
IES designs and installs integrated electrical systems and provides infrastructure products and services for various markets including residential, commercial, and industrial facilities.
