The latest announcement is out from Dycom (DY).
Dycom Industries, Inc. has announced leadership changes with Daniel S. Peyovich, previously Executive Vice President and COO, stepping up as the new President and eventually CEO after Steven E. Nielsen’s retirement as President and CEO on November 30, 2024. Nielsen will also retire as Chair of the Board, a position Richard K. Sykes will assume. Both executives have amended and restated employment agreements detailing their roles, compensation, benefits, and terms, including provisions for severance and equity vesting under certain conditions. These shifts come amidst a strategic transition for the company, aiming to ensure continuity and maintain momentum in its operations and growth.
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