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IES Holdings, Inc. Appoints Matthew Simmes to Succeed Jeffrey Gendell as Chief Executive Officer

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IES Holdings announced a planned CEO succession, with Matthew Simmes, current President and COO, set to succeed Jeffrey Gendell as Chief Executive Officer effective July 1, 2025. Simmes, a 31-year veteran of IES, will maintain his role as President and join the Board of Directors. Gendell, who has served as Chairman since 2016 and CEO since 2020, will transition to Executive Chairman, continuing to lead the Board and focus on strategic initiatives including organic growth, acquisitions, and capital allocation. Simmes' extensive experience includes serving as President of the Communications segment (2017-2021) and various leadership roles, contributing to the company's operational and financial success across its four business segments.
IES Holdings ha annunciato una successione pianificata del CEO, con Matthew Simmes, attuale Presidente e COO, che succederà a Jeffrey Gendell come Amministratore Delegato a partire dal 1° luglio 2025. Simmes, veterano di IES da 31 anni, manterrà il ruolo di Presidente e entrerà nel Consiglio di Amministrazione. Gendell, che è stato Presidente dal 2016 e CEO dal 2020, passerà a Presidente Esecutivo, continuando a guidare il Consiglio e concentrandosi su iniziative strategiche come la crescita organica, le acquisizioni e l'allocazione del capitale. L'ampia esperienza di Simmes include il ruolo di Presidente del segmento Comunicazioni (2017-2021) e vari ruoli di leadership, contribuendo al successo operativo e finanziario dell'azienda nei suoi quattro segmenti di business.
IES Holdings anunció una sucesión planificada del CEO, con Matthew Simmes, actual Presidente y COO, quien sucederá a Jeffrey Gendell como Director Ejecutivo a partir del 1 de julio de 2025. Simmes, veterano de IES con 31 años de experiencia, mantendrá su cargo como Presidente y se unirá al Consejo de Administración. Gendell, que ha sido Presidente desde 2016 y CEO desde 2020, pasará a ser Presidente Ejecutivo, continuando al frente del Consejo y enfocándose en iniciativas estratégicas como el crecimiento orgánico, adquisiciones y asignación de capital. La amplia experiencia de Simmes incluye haber sido Presidente del segmento de Comunicaciones (2017-2021) y diversos roles de liderazgo, contribuyendo al éxito operativo y financiero de la empresa en sus cuatro segmentos de negocio.
IES Holdings는 CEO 승계 계획을 발표했으며, 현재 사장 겸 COO인 Matthew SimmesJeffrey Gendell를 이어 2025년 7월 1일부터 최고경영자(CEO)로 취임할 예정입니다. IES에서 31년 경력의 Simmes는 사장직을 유지하며 이사회에도 합류할 것입니다. 2016년부터 이사회 의장을, 2020년부터 CEO를 맡아온 Gendell은 집행의장으로 전환하여 이사회를 계속 이끌며 유기적 성장, 인수합병, 자본 배분 등 전략적 과제에 집중할 예정입니다. Simmes는 통신 부문 사장(2017-2021)과 다양한 리더십 역할을 수행하며 회사의 4개 사업 부문 전반에 걸쳐 운영 및 재무 성공에 기여한 풍부한 경험을 보유하고 있습니다.
IES Holdings a annoncé une succession planifiée de son PDG, avec Matthew Simmes, actuel Président et COO, qui succédera à Jeffrey Gendell en tant que Directeur Général à compter du 1er juillet 2025. Simmes, vétéran de 31 ans chez IES, conservera son poste de Président et rejoindra le Conseil d'administration. Gendell, qui est Président depuis 2016 et PDG depuis 2020, deviendra Président exécutif, continuant à diriger le Conseil et à se concentrer sur des initiatives stratégiques telles que la croissance organique, les acquisitions et l'allocation du capital. L'expérience étendue de Simmes comprend son rôle de Président du segment Communications (2017-2021) ainsi que diverses fonctions de direction, contribuant au succès opérationnel et financier de l'entreprise dans ses quatre segments d'activité.
IES Holdings hat eine geplante CEO-Nachfolge bekannt gegeben: Matthew Simmes, derzeit Präsident und COO, wird Jeffrey Gendell als Chief Executive Officer ab dem 1. Juli 2025 nachfolgen. Simmes, ein 31-jähriger IES-Veteran, wird seine Rolle als Präsident beibehalten und dem Vorstand beitreten. Gendell, der seit 2016 Vorsitzender und seit 2020 CEO ist, wird zum Executive Chairman wechseln und weiterhin den Vorstand leiten sowie sich auf strategische Initiativen wie organisches Wachstum, Akquisitionen und Kapitalallokation konzentrieren. Simmes verfügt über umfassende Erfahrung, darunter seine Tätigkeit als Präsident des Kommunikationssegments (2017-2021) und verschiedene Führungspositionen, die zum operativen und finanziellen Erfolg des Unternehmens in seinen vier Geschäftsbereichen beigetragen haben.
Positive
  • Smooth leadership transition with internal candidate having 31 years of company experience
  • Continuity maintained with current CEO moving to Executive Chairman role
  • New CEO has proven track record of operational and financial success in multiple roles
  • Company has shown significant growth over the past five years under current leadership
Negative
  • None.

HOUSTON, May 19, 2025 (GLOBE NEWSWIRE) -- IES Holdings, Inc. (or “IES” or the “Company”) (NASDAQ: IESC) announced today that Matthew Simmes, President and Chief Operating Officer, will succeed Jeffrey Gendell as Chief Executive Officer 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. Mr. Gendell, who was appointed Chairman of the Board in 2016 and Chief Executive Officer 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.

Mr. Simmes, who has spent over 31 years at IES in a variety of increasingly senior roles, was named President and Chief Operating Officer of the Company in 2023 after serving as Chief Operating Officer from 2021 to 2023. Previously, he was President of the Company’s Communications segment from 2017 to 2021 and served as the segment’s Vice President of Operations from 2007 to 2016.

“I have worked in close partnership with Matt since his promotion to Chief Operating Officer,” said Mr. Gendell. “His leadership has been instrumental not only to the operational and financial success of our four business segments, but also in driving and executing our strategic vision. The Company has grown significantly over the last five years, and Matt’s organizational leadership experience and deep knowledge of our businesses position him well for this role. With Matt leading the Company as CEO, I will continue to focus on the strategic issues that are critical to IES’s long-term success, including organic growth, acquisitions and capital allocation. I look forward to my continued partnership with Matt in the years to come.

“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,” added Mr. Simmes. “The trust and confidence that the Board has shown in my ability to drive the Company forward are humbling and inspiring. I look forward to working with Jeff and the entire IES team to build on the Company’s many successes and pursue the exciting opportunities in front of us.”

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 www.ies-co.com.

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
IESC@alpha-ir.com


FAQ

Who is the new CEO of IES Holdings (IESC)?

Matthew Simmes, the current President and COO, will become CEO of IES Holdings effective July 1, 2025.

What is Jeffrey Gendell's new role at IES Holdings (IESC)?

Jeffrey Gendell will transition from CEO to Executive Chairman, focusing on strategic initiatives including organic growth, acquisitions, and capital allocation.

What is Matthew Simmes' experience at IES Holdings?

Matthew Simmes has 31 years of experience at IES, serving as President and COO since 2023, COO from 2021-2023, and President of the Communications segment from 2017-2021.

When will the CEO transition at IES Holdings (IESC) take effect?

The CEO transition will take effect on July 1, 2025.

What positions will Matthew Simmes hold after the transition at IES Holdings?

Matthew Simmes will serve as CEO and President, and will also join the Board of Directors.
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6.08B
19.49M
2.02%
93.3%
3.37%
Engineering & Construction
Electrical Work
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United States
HOUSTON