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IES Holdings Appoints Matthew Simmes as Chief Operating Officer

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IES Holdings, Inc. (NASDAQ: IESC) has appointed Matthew Simmes as its new Chief Operating Officer. Previously, Simmes served as President of the Communications segment since 2017, where he led significant growth and market expansion. This transition allows CEO Jeff Gendell to focus on strategic initiatives while Simmes manages day-to-day operations. With 28 years at IES, Simmes aims to enhance service delivery and foster a thriving workplace culture. His appointment is seen as a pivotal moment for IES, leveraging existing talent to drive future growth.

Positive
  • Matthew Simmes' appointment as COO is expected to drive overall operational efficiency.
  • Simmes has a strong background, having led the Communications segment to substantial growth.
  • The management transition allows CEO Jeff Gendell to concentrate on broader strategic initiatives.
Negative
  • None.

HOUSTON, Dec. 03, 2021 (GLOBE NEWSWIRE) -- IES Holdings, Inc. (or “IES” or the “Company”) (NASDAQ: IESC) today announced the appointment of Matthew Simmes as Chief Operating Officer of the Company. In his new role, Mr. Simmes, who has been President of the Company’s Communications segment since 2017, will oversee all four of the Company’s operating segments.

“I am excited to welcome Matt to our corporate executive team,” said Jeff Gendell, Chairman and Chief Executive Officer of IES. “Under Matt’s leadership and vision, IES Communications has enjoyed substantial growth, entered new markets and leveraged ever-changing technologies to become a recognized leader in the design and installation of technology infrastructure for data centers, e-commerce warehouses, and other commercial and industrial applications. More importantly, Matt is highly respected throughout IES and over his long tenure has come to embody the culture and values that have been critical to our success, making him uniquely qualified to drive growth across the entire IES platform. With Matt managing day-to-day operations, I will increase my focus as CEO on strategic initiatives to grow and enhance our businesses.”

Mr. Simmes added, “I am both excited and humbled by the opportunity to help lead IES’s ongoing efforts to provide our customers with best-in-class products and services while fostering a culture for our team members to thrive. I look forward to working more closely with Jeff as we continue to invest in our business to execute our growth strategy. I am particularly eager to partner with IES’s amazing talent to cross-sell and deploy our technology and infrastructure services to our customers. The accomplishments of the entire IES team are inspiring, but I believe the Company’s most exciting days lie ahead.”

Mr. Simmes has spent 28 years at IES in a variety of roles. Prior to becoming President of IES Communications in 2017, he was the segment’s Vice President of Operations from 2007 to 2016 and branch manager of its Arizona operations from 2003 to 2006.

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 6,500 employees serve clients in the United States. For more information about IES, please visit www.ies-co.com.

Company Contact:

Jeff Gendell
Chairman and Chief Executive 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 was appointed as COO of IES Holdings in December 2021?

Matthew Simmes was appointed as COO of IES Holdings, Inc. in December 2021.

What was Matthew Simmes' role before becoming COO of IES Holdings?

Before becoming COO, Matthew Simmes served as President of IES Holdings' Communications segment.

What impact will Matthew Simmes have on IES Holdings as COO?

As COO, Matthew Simmes is expected to improve operational efficiency and execute growth strategies across all segments.

How long has Matthew Simmes been with IES Holdings?

Matthew Simmes has been with IES Holdings for 28 years.

What is IES Holdings' primary business focus?

IES Holdings designs and installs integrated electrical and technology systems for various end markets.

IES Holdings, Inc.

NASDAQ:IESC

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5.13B
19.98M
1.95%
94.5%
3.5%
Engineering & Construction
Electrical Work
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United States of America
HOUSTON