Matt Simmes Succeeds Jeff Gendell as Chief Executive Officer of IES Holdings, Inc.
IES Holdings (NASDAQ: IESC) has completed its previously announced executive succession plan, with significant leadership changes at the top. Matt Simmes has been appointed as the company's new President and Chief Executive Officer, succeeding Jeff Gendell, who transitions to the role of Executive Chairman of the Board. Additionally, Simmes joins the Company's Board of Directors.
In a parallel move, the company announced the appointment of Jordan Lyman as President of IES's Residential segment. Lyman brings over 20 years of experience at IES Residential, including 14 years as Division Manager of the San Antonio Division. He has also been serving on IES Residential's Steering Committee, contributing to operational and process improvements.
IES Holdings (NASDAQ: IESC) ha completato il piano di successione esecutiva precedentemente annunciato, con importanti cambiamenti ai vertici. Matt Simmes 猫 stato nominato nuovo Presidente e Amministratore Delegato dell'azienda, succedendo a Jeff Gendell, che assume il ruolo di Presidente Esecutivo del Consiglio di Amministrazione. Inoltre, Simmes entra a far parte del Consiglio di Amministrazione della Societ脿.
Parallelamente, l'azienda ha annunciato la nomina di Jordan Lyman a Presidente del segmento Residenziale di IES. Lyman vanta oltre 20 anni di esperienza presso IES Residential, inclusi 14 anni come Responsabile della Divisione di San Antonio. Ha inoltre fatto parte del Comitato Direttivo di IES Residential, contribuendo a miglioramenti operativi e di processo.
IES Holdings (NASDAQ: IESC) ha completado su plan de sucesi贸n ejecutiva previamente anunciado, con cambios significativos en el liderazgo superior. Matt Simmes ha sido nombrado nuevo Presidente y Director Ejecutivo de la compa帽铆a, sucediendo a Jeff Gendell, quien pasa al cargo de Presidente Ejecutivo de la Junta Directiva. Adem谩s, Simmes se une a la Junta Directiva de la Compa帽铆a.
De manera paralela, la empresa anunci贸 el nombramiento de Jordan Lyman como Presidente del segmento Residencial de IES. Lyman aporta m谩s de 20 a帽os de experiencia en IES Residential, incluyendo 14 a帽os como Gerente de la Divisi贸n de San Antonio. Tambi茅n ha formado parte del Comit茅 de Direcci贸n de IES Residential, contribuyendo a mejoras operativas y de procesos.
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霃欖嫓鞐� 須岇偓電� Jordan Lyman鞚� IES 欤缄卑 攵�氍� 靷灔鞙茧 鞛勲獏頄堧嫟瓿� 氚滍憸頄堨姷雼堧嫟. Lyman鞚� IES Residential鞐愳劀 20雲� 鞚挫儊鞚� 瓴诫牓鞚� 氤挫湢頃橁碃 鞛堨溂氅�, 攴胳 14雲勳潃 靸岇晥韱犽媹鞓� 歆�攵�鞚� 攵�靹滌灔鞙茧 攴茧頄堨姷雼堧嫟. 霕愴暅 IES Residential 鞖挫榿 鞙勳洂須岇棎靹� 頇滊彊頃橂┌ 鞖挫榿 氚� 頂勲靹胳姢 臧滌劆鞐� 旮办棳頃� 鞕旍姷雼堧嫟.
IES Holdings (NASDAQ: IESC) a finalis茅 son plan de succession ex茅cutive pr茅c茅demment annonc茅, avec des changements importants 脿 la t锚te de l'entreprise. Matt Simmes a 茅t茅 nomm茅 nouveau Pr茅sident et Directeur G茅n茅ral, succ茅dant 脿 Jeff Gendell, qui devient Pr茅sident Ex茅cutif du Conseil d'Administration. De plus, Simmes rejoint le Conseil d'Administration de la soci茅t茅.
Parall猫lement, la soci茅t茅 a annonc茅 la nomination de Jordan Lyman en tant que Pr茅sident du segment R茅sidentiel d'IES. Lyman poss猫de plus de 20 ans d'exp茅rience chez IES Residential, dont 14 ans en tant que Directeur de la division de San Antonio. Il si猫ge 茅galement au comit茅 de pilotage d'IES Residential, contribuant 脿 des am茅liorations op茅rationnelles et de processus.
IES Holdings (NASDAQ: IESC) hat seinen zuvor angek眉ndigten F眉hrungswechselplan abgeschlossen, mit bedeutenden Ver盲nderungen an der Spitze. Matt Simmes wurde zum neuen Pr盲sidenten und Chief Executive Officer des Unternehmens ernannt und tritt die Nachfolge von Jeff Gendell an, der in die Rolle des Executive Chairman des Vorstands wechselt. Zudem wird Simmes Mitglied des Vorstands.
Parallel dazu gab das Unternehmen die Ernennung von Jordan Lyman zum Pr盲sidenten des Wohnsegmentes von IES bekannt. Lyman bringt 眉ber 20 Jahre Erfahrung bei IES Residential mit, darunter 14 Jahre als Bereichsleiter der San Antonio Division. Er ist au脽erdem Mitglied des Lenkungsausschusses von IES Residential und tr盲gt zur Verbesserung von Abl盲ufen und Prozessen bei.
- Smooth leadership transition with experienced internal candidates
- Appointment of Matt Simmes to CEO maintains continuity of leadership
- Previous CEO Jeff Gendell remains involved as Executive Chairman
- Residential segment leadership strengthened with 20-year company veteran Jordan Lyman
- None.
Insights
CEO transition at IES Holdings from Jeff Gendell to Matt Simmes represents planned succession with continuity in leadership strategy.
This executive transition at IES Holdings represents the implementation of a previously announced succession plan, suggesting a methodical, well-coordinated leadership handover rather than an unexpected departure. The structural arrangement where Jeff Gendell moves from CEO to Executive Chairman indicates a managed transition designed to maintain strategic continuity while allowing for fresh operational leadership.
Matt Simmes' appointment comes with the endorsement of the outgoing CEO, with Gendell specifically highlighting their collaborative achievements. This signals to stakeholders that the transition is harmonious rather than contentious. Furthermore, Simmes has already been functioning in a leadership capacity as Interim President of the Residential segment, demonstrating internal preparedness for increased responsibility.
The simultaneous appointment of Jordan Lyman as President of the Residential segment represents a cascading succession plan, filling the vacancy created by Simmes' promotion. Lyman's 20-year tenure with IES Residential, including 14 years in division management, indicates strong institutional knowledge and established relationships within a key business segment. His prior involvement with the segment's Steering Committee suggests he has already been engaged in strategic planning.
For shareholders, this coordinated leadership transition presents minimal disruption risk while potentially allowing for operational improvements through fresh perspectives at the executive level. The retention of Gendell as Executive Chairman maintains access to his institutional knowledge while enabling a new phase of leadership under Simmes.
HOUSTON, July 01, 2025 (GLOBE NEWSWIRE) -- IES Holdings, Inc. (or 鈥淚ES鈥� or the 鈥淐ompany鈥�) (NASDAQ: IESC) announced today that the Company completed its previously-announced executive succession plan, with Matt Simmes becoming the Company鈥檚 President and Chief Executive Officer and Jeff Gendell transitioning from Chairman of the Board and Chief Executive Officer to Executive Chairman of the Board. In addition, Mr. Simmes has been appointed as a member of the Company鈥檚 Board.
鈥淚 am grateful for the opportunity to lead IES into its next chapter,鈥� said Mr. Simmes. 鈥淯nder Jeff鈥檚 leadership, IES has established a strong record of growth, and I am committed to building on that legacy to deliver value for our shareholders, customers, and employees.鈥� Mr. Gendell added, 鈥淚 am incredibly proud of all that Matt and I have accomplished together, and as Executive Chairman, I look forward to working with Matt and the senior leadership team as they drive the Company鈥檚 continued success.鈥�
IES also announced the appointment of Jordan Lyman as President of IES鈥檚 Residential segment. Mr. Lyman has spent more than 20 years at IES Residential, including 14 years as Division Manager of the segment鈥檚 San Antonio Division. In addition, he is a member of IES Residential鈥檚 Steering Committee, a group of senior leaders which has been overseeing significant operational and process developments over the past year.
鈥淚 have worked in close partnership with Jordan since I began acting as Interim President of the Residential segment in 2023,鈥� said Mr. Simmes. 鈥淗is deep knowledge of the day-to-day business and strong relationships with our customers and suppliers make him the right person to lead the Residential segment through the current housing environment and position the business for future growth, while allowing me to focus on my new role as CEO.鈥�
鈥淚t鈥檚 an honor to lead the team at IES Residential, so many of whom have been my valued colleagues for many years,鈥� added Mr. Lyman. 鈥淚鈥檓 grateful to Matt, Jeff and the Board for their confidence in my ability to drive IES Residential forward.鈥�
About IES Holdings, Inc.
IES designs and installs integrated electrical and technology systems and provides infrastructure products and services to a variety of end markets, including data centers, residential housing, and commercial and industrial facilities. Our more than 9,000 employees serve clients in the United States. For more information about IES, please visit .
Company Contact:
Tracy McLauchlin
Chief Financial Officer
IES Holdings, Inc.
(713) 860-1500
Investor Relations Contact:
Robert Winters or Stephen Poe
Alpha IR Group
312-445-2870
[email protected]
FAQ
Who is the new CEO of IES Holdings (NASDAQ: IESC)?
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