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 è 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 Società.
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 sucesión ejecutiva previamente anunciado, con cambios significativos en el liderazgo superior. Matt Simmes ha sido nombrado nuevo Presidente y Director Ejecutivo de la compañía, sucediendo a Jeff Gendell, quien pasa al cargo de Presidente Ejecutivo de la Junta Directiva. Además, Simmes se une a la Junta Directiva de la Compañía.
De manera paralela, la empresa anunció el nombramiento de Jordan Lyman como Presidente del segmento Residencial de IES. Lyman aporta más de 20 años de experiencia en IES Residential, incluyendo 14 años como Gerente de la División de San Antonio. También ha formado parte del Comité de Dirección de IES Residential, contribuyendo a mejoras operativas y de procesos.
IES Holdings (NASDAQ: IESC)는 이전에 발표한 경영진 승계 계획을 완료했으며, 최고위급에서 중요한 리더십 변화가 있었습니다. Matt Simmes가 새로운 사장 겸 최고경영자(CEO)로 임명되어 Jeff Gendell의 뒤를 이었으며, Gendell은 이사회 집행 의장으로 역할을 전환합니다. 또한 Simmes는 회사 이사회에 합류합니다.
동시에 회사는 Jordan Lyman을 IES 주거 부문 사장으로 임명했다고 발표했습니다. Lyman은 IES Residential에서 20년 이상의 경력을 보유하고 있으며, 그중 14년은 샌안토니오 지부의 부서장으로 근무했습니다. 또한 IES Residential 운영 위원회에서 활동하며 운영 및 프로세스 개선에 기여해 왔습니다.
IES Holdings (NASDAQ: IESC) a finalisé son plan de succession exécutive précédemment annoncé, avec des changements importants à la tête de l'entreprise. Matt Simmes a été nommé nouveau Président et Directeur Général, succédant à Jeff Gendell, qui devient Président Exécutif du Conseil d'Administration. De plus, Simmes rejoint le Conseil d'Administration de la société.
Parallèlement, la société a annoncé la nomination de Jordan Lyman en tant que Président du segment Résidentiel d'IES. Lyman possède plus de 20 ans d'expérience chez IES Residential, dont 14 ans en tant que Directeur de la division de San Antonio. Il siège également au comité de pilotage d'IES Residential, contribuant à des améliorations opérationnelles et de processus.
IES Holdings (NASDAQ: IESC) hat seinen zuvor angekündigten Führungswechselplan abgeschlossen, mit bedeutenden Veränderungen an der Spitze. Matt Simmes wurde zum neuen Präsidenten 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 Präsidenten des Wohnsegmentes von IES bekannt. Lyman bringt über 20 Jahre Erfahrung bei IES Residential mit, darunter 14 Jahre als Bereichsleiter der San Antonio Division. Er ist außerdem Mitglied des Lenkungsausschusses von IES Residential und trägt zur Verbesserung von Abläufen 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 “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
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