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Bowman Announces Planned Retirement of Michael Bruen

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Bowman Consulting Group (NASDAQ: BWMN) has announced the planned retirement of Michael Bruen, effective January 3, 2025. Mr. Bruen will resign as President and board member on October 4, 2024. From October 4, 2024, to January 3, 2025, he will serve as an Executive Advisor to the CEO, assisting in the transition of his responsibilities. After retirement, he will briefly serve as an independent advisor under a consulting arrangement.

Gary Bowman, Chairman and CEO, expressed gratitude for Mr. Bruen's nearly 30-year career at Bowman, during which he helped lead the company through significant growth and market diversification. The company emphasized that Mr. Bruen's retirement is not due to any disagreements with Bowman's operations, policies, or practices, but rather a natural part of the company's evolution as a leading engineering services and infrastructure solutions provider.

Il Bowman Consulting Group (NASDAQ: BWMN) ha annunciato il previsto pensionamento di Michael Bruen, che entrerà in vigore il 3 gennaio 2025. Il signor Bruen si dimetterà da Presidente e membro del consiglio il 4 ottobre 2024. Dal 4 ottobre 2024 al 3 gennaio 2025, svolgerà il ruolo di Consulente Esecutivo per il CEO, assistendo nella transizione delle sue responsabilità. Dopo il pensionamento, lavorerà brevemente come consulente indipendente in base a un accordo di consulenza.

Gary Bowman, Presidente e CEO, ha espresso gratitudine per i quasi 30 anni di carriera del signor Bruen in Bowman, durante i quali ha contribuito a guidare l'azienda attraverso una significativa crescita e diversificazione del mercato. L'azienda ha sottolineato che il pensionamento del signor Bruen non è dovuto a disaccordi con le operazioni, le politiche o le pratiche di Bowman, ma rappresenta piuttosto una parte naturale dell'evoluzione dell'azienda come fornitore leader di servizi ingegneristici e soluzioni infrastrutturali.

Bowman Consulting Group (NASDAQ: BWMN) ha anunciado el previsto retiro de Michael Bruen, efectivo el 3 de enero de 2025. El Sr. Bruen renunciará como Presidente y miembro de la junta el 4 de octubre de 2024. Desde el 4 de octubre de 2024 hasta el 3 de enero de 2025, servirá como Asesor Ejecutivo del CEO, ayudando en la transición de sus responsabilidades. Después de su retiro, trabajará brevemente como asesor independiente bajo un acuerdo de consultoría.

Gary Bowman, Presidente y CEO, expresó su agradecimiento por los casi 30 años de carrera del Sr. Bruen en Bowman, durante los cuales ayudó a guiar a la compañía a través de un crecimiento significativo y diversificación del mercado. La compañía enfatizó que el retiro del Sr. Bruen no se debe a desavenencias con las operaciones, políticas o prácticas de Bowman, sino que es una parte natural de la evolución de la empresa como proveedor líder de servicios de ingeniería y soluciones de infraestructura.

Bowman Consulting Group (NASDAQ: BWMN)는 Michael Bruen의 예정된 퇴직을 2025년 1월 3일 발효로 발표했습니다. Bruen 씨는 2024년 10월 4일자로 사장직과 이사직에서 사임할 것입니다. 2024년 10월 4일부터 2025년 1월 3일까지 그는 CEO의 고위 자문역으로서 자신의 책임의 전환을 지원하게 됩니다. 퇴직 후에는 컨설팅 계약에 따라 독립 자문역으로 잠시 활동할 것입니다.

Gary Bowman 회장 겸 CEO는 Bruen 씨가 Bowman에서 보낸 거의 30년의 경력에 대해 감사의 뜻을 전했으며, 그 동안 그는 회사를 중요한 성장과 시장 다각화를 통해 이끌었습니다. 회사는 Bruen 씨의 퇴직이 Bowman의 운영, 정책 또는 관행에 대한 어떤 이견 때문이 아니라, 기술 서비스 및 인프라 솔루션의 선도적인 제공업체로서 회사의 자연스러운 진화 과정의 일환이라고 강조했습니다.

Bowman Consulting Group (NASDAQ: BWMN) a annoncé la retraite prévue de Michael Bruen, effective le 3 janvier 2025. M. Bruen démissionnera de son poste de Président et de membre du conseil d'administration le 4 octobre 2024. Du 4 octobre 2024 au 3 janvier 2025, il servira en tant que Conseiller Exécutif du PDG, aidant à la transition de ses responsabilités. Après sa retraite, il exercera brièvement comme conseiller indépendant dans le cadre d'un contrat de conseil.

Gary Bowman, Président et PDG, a exprimé sa gratitude pour la carrière de près de 30 ans de M. Bruen chez Bowman, au cours de laquelle il a aidé à diriger l'entreprise à travers une croissance significative et une diversification du marché. L'entreprise a souligné que la retraite de M. Bruen n'est pas due à des désaccords avec les opérations, les politiques ou les pratiques de Bowman, mais représente plutôt une partie naturelle de l'évolution de l'entreprise en tant que fournisseur de services d'ingénierie et de solutions d'infrastructure de premier plan.

Die Bowman Consulting Group (NASDAQ: BWMN) hat den geplanten Ruhestand von Michael Bruen zum 3. Januar 2025 bekannt gegeben. Herr Bruen wird am 4. Oktober 2024 als Präsident und Vorstandsmitglied zurücktreten. Vom 4. Oktober 2024 bis zum 3. Januar 2025 wird er als Exekutivberater des CEO fungieren und bei der Übergabe seiner Verantwortlichkeiten helfen. Nach seinem Ruhestand wird er kurzzeitig als unabhängiger Berater im Rahmen einer Beratungsvereinbarung tätig sein.

Gary Bowman, Vorsitzender und CEO, sprach seine Dankbarkeit für die nahezu 30-jährige Karriere von Herrn Bruen bei Bowman aus, in der er half, das Unternehmen durch bedeutendes Wachstum und Marktdiversifizierung zu führen. Das Unternehmen betonte, dass der Ruhestand von Herrn Bruen nicht auf Differenzen mit den Aktivitäten, Richtlinien oder Praktiken von Bowman zurückzuführen ist, sondern vielmehr einen natürlichen Teil der Entwicklung des Unternehmens als führender Anbieter von Ingenieurdienstleistungen und Infrastruktur-Lösungen darstellt.

Positive
  • Planned and orderly transition of leadership
  • Mr. Bruen to serve as Executive Advisor during transition period
  • Post-retirement consulting arrangement to ensure continuity
Negative
  • Loss of experienced executive with nearly 30 years at the company

RESTON, Va.--(BUSINESS WIRE)-- Bowman Consulting Group Ltd. (the Company or Bowman) (NASDAQ: BWMN), a national engineering services firm delivering infrastructure design solutions and project management services to customers who own, develop and maintain the built environment, today announced that Michael Bruen notified the Company of his planned retirement, effective as of January 3, 2025, and his resignation as President of the Company and as a member of the Company’s board of directors, effective as of October 4, 2024. For the period between Mr. Bruen’s resignation as President and a director and his retirement, Mr. Bruen has agreed to serve as an Executive Advisor to the Company’s Chief Executive Officer to assist in the distribution of his day-to-day responsibilities to other Company executives. Commencing upon his retirement, Mr. Bruen will serve as an independent advisor to the Company under the terms of a short-term consulting arrangement. Mr. Bruen’s retirement and resignation was not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

“We want to thank Mike for his service to Bowman in a variety of important leadership roles,” said Gary Bowman, Chairman and CEO of Bowman. “During his nearly 30-year career at Bowman, Mike helped lead the Company through significant growth and market diversification. His retirement from leadership, and the transition of responsibilities, is a natural part of our continuing evolution as a leading engineering services and infrastructure solutions company. We all wish Mike well in this next chapter of his life.”

About Bowman Consulting Group Ltd.

Headquartered in Reston, Virginia, Bowman is a national engineering services firm delivering infrastructure solutions to customers who own, develop and maintain the built environment. With over 2,200 employees in more than 90 locations throughout the United States, Bowman provides a variety of planning, engineering, geospatial, construction management, commissioning, environmental consulting, land procurement and other technical services to customers operating in a diverse set of regulated end markets. Bowman trades on the Nasdaq under the symbol BWMN. For more information, visit bowman.com or investors.bowman.com.

General Media Contact:

Christina Nichols

cnichols@bowman.com

Investor Relations Contacts:

Bruce Labovitz

blabovitz@bowman.com

Betsy Patterson

bpatterson@bowman.com

Source: Bowman Consulting Group

FAQ

When will Michael Bruen retire from Bowman Consulting Group (BWMN)?

Michael Bruen will retire from Bowman Consulting Group (BWMN) effective January 3, 2025.

When will Michael Bruen resign as President and board member of Bowman (BWMN)?

Michael Bruen will resign as President and board member of Bowman (BWMN) effective October 4, 2024.

What role will Michael Bruen have at Bowman (BWMN) between his resignation and retirement?

Between his resignation and retirement, Michael Bruen will serve as an Executive Advisor to Bowman's (BWMN) Chief Executive Officer.

Will Michael Bruen continue to work with Bowman (BWMN) after his retirement?

Yes, after his retirement, Michael Bruen will serve as an independent advisor to Bowman (BWMN) under a short-term consulting arrangement.

Bowman Consulting Group Ltd.

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