Matt Simmes Succeeds Jeff Gendell as Chief Executive Officer of IES Holdings, Inc.

Rhea-AI Summary

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.

Positive

• 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

Negative

• None.

News Market Reaction

-2.34%

1 alert

-2.34% News Effect

On the day this news was published, IESC declined 2.34%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

HOUSTON, July 01, 2025 (GLOBE NEWSWIRE) -- IES Holdings, Inc. (or “IES” or the “Company”) (NASDAQ: IESC) announced today that the Company completed its previously-announced executive succession plan, with Matt Simmes becoming the Company’s 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’s Board.

“I am grateful for the opportunity to lead IES into its next chapter,” said Mr. Simmes. “Under Jeff’s 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.” Mr. Gendell added, “I 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’s continued success.”

IES also announced the appointment of Jordan Lyman as President of IES’s Residential segment. Mr. Lyman has spent more than 20 years at IES Residential, including 14 years as Division Manager of the segment’s San Antonio Division. In addition, he is a member of IES Residential’s Steering Committee, a group of senior leaders which has been overseeing significant operational and process developments over the past year.

“I have worked in close partnership with Jordan since I began acting as Interim President of the Residential segment in 2023,” said Mr. Simmes. “His 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.”

“It’s an honor to lead the team at IES Residential, so many of whom have been my valued colleagues for many years,” added Mr. Lyman. “I’m grateful to Matt, Jeff and the Board for their confidence in my ability to drive IES Residential forward.”

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 (NASDAQ: IESC)?

Matt Simmes has been appointed as the new President and Chief Executive Officer of IES Holdings, succeeding Jeff Gendell.

What is Jeff Gendell's new role at IES Holdings?

Jeff Gendell has transitioned from Chairman of the Board and CEO to the role of Executive Chairman of the Board.

Who is the new President of IES Holdings' Residential segment?

Jordan Lyman, a 20-year veteran of IES Residential and former Division Manager of the San Antonio Division, has been appointed as President of the Residential segment.

What experience does Jordan Lyman bring to his new role at IES Holdings?

Jordan Lyman brings over 20 years of experience at IES Residential, including 14 years as Division Manager of the San Antonio Division, and has served on the Residential segment's Steering Committee.

When did the leadership changes at IES Holdings take effect?

The executive succession plan was completed and announced on July 1, 2025.