IES Holdings (IESC) announced that Matthew Simmes, President and COO, will succeed Jeffrey Gendell as CEO effective July 1, 2025, in accordance with the company’s executive succession plan. In addition, Mr. Simmes will continue in his role as President of the company and will join the Board of Directors. Gendell, who was appointed Chairman of the Board in 2016 and CEO in 2020, will become Executive Chairman and will continue to lead the Board of Directors while working closely with Mr. Simmes and the rest of IES’s senior leadership team.
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