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NV5 Announces Appointment of Ben Heraud as New CEO; Dickerson Wright to Continue Role as Executive Chairman

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NV5 announced key executive leadership changes, with founder Dickerson Wright transitioning to Executive Chairman in March 2024, focusing on strategic growth initiatives and M&A activities. Ben Heraud, who joined NV5 in 2017 through the Energenz acquisition, has been appointed as CEO, responsible for company operations. Heraud previously served as COO of NV5's Buildings & Technology group since 2020.

The new organizational structure includes Alex Hockman, CEO of Infrastructure, and Kurt Allen, President of NV5's Geospatial business, both reporting to Heraud. Hockman, a Professional Geotechnical Engineer with 40+ years of experience, has been with NV5 since its founding. Allen, who joined in 2019 through the Quantum Spatial acquisition, brings 30+ years of geospatial and GIS expertise.

NV5 ha annunciato importanti cambiamenti nella leadership esecutiva, con il fondatore Dickerson Wright che passerà a Presidente Esecutivo a marzo 2024, concentrandosi sulle iniziative di crescita strategica e sulle attività di fusioni e acquisizioni. Ben Heraud, che si è unito a NV5 nel 2017 tramite l'acquisizione di Energenz, è stato nominato CEO, responsabile delle operazioni aziendali. Heraud ha precedentemente ricoperto il ruolo di COO del gruppo Edifici e Tecnologia di NV5 dal 2020.

La nuova struttura organizzativa include Alex Hockman, CEO delle Infrastrutture, e Kurt Allen, Presidente dell'unità Geospaziale di NV5, entrambi riportando a Heraud. Hockman, Ingegnere Geotecnico Professionista con oltre 40 anni di esperienza, è con NV5 sin dalla sua fondazione. Allen, che è entrato nel 2019 attraverso l'acquisizione di Quantum Spatial, porta con sé oltre 30 anni di esperienza in geospaziale e GIS.

NV5 anunció cambios clave en su liderazgo ejecutivo, con el fundador Dickerson Wright pasando a ser Presidente Ejecutivo en marzo de 2024, enfocándose en iniciativas de crecimiento estratégico y actividades de fusiones y adquisiciones. Ben Heraud, que se unió a NV5 en 2017 a través de la adquisición de Energenz, ha sido nombrado CEO, responsable de las operaciones de la empresa. Heraud anteriormente se desempeñó como COO del grupo de Edificios y Tecnología de NV5 desde 2020.

La nueva estructura organizativa incluye a Alex Hockman, CEO de Infraestructura, y Kurt Allen, Presidente del negocio Geoespacial de NV5, ambos reportando a Heraud. Hockman, Ingeniero Geotécnico Profesional con más de 40 años de experiencia, ha estado con NV5 desde su fundación. Allen, que se unió en 2019 a través de la adquisición de Quantum Spatial, aporta más de 30 años de experiencia en geoespacial y SIG.

NV5는 창립자 Dickerson Wright가 2024년 3월부터 전략적 성장 이니셔티브와 인수합병 활동에 집중하기 위해 경영 회장직으로 전환한다고 발표했습니다. Ben Heraud는 2017년 Energenz 인수를 통해 NV5에 합류했으며, 회사 운영을 책임지는 CEO로 임명되었습니다. Heraud는 2020년부터 NV5의 건물 및 기술 그룹 COO로 활동했습니다.

새로운 조직 구조에는 인프라 CEO인 Alex Hockman과 NV5의 지리정보 비즈니스 사장인 Kurt Allen이 포함되며, 둘 다 Heraud에게 보고합니다. Hockman은 40년 이상의 경력을 가진 전문 지질공학자로, NV5가 설립된 이래로 함께 해왔습니다. Allen은 2019년 Quantum Spatial 인수를 통해 합류했으며, 30년 이상의 지리정보 및 GIS 전문 지식을 보유하고 있습니다.

NV5 a annoncé des changements clés dans sa direction exécutive, avec le fondateur Dickerson Wright passant au poste de Président Exécutif en mars 2024, se concentrant sur les initiatives de croissance stratégique et les activités de fusions et acquisitions. Ben Heraud, qui a rejoint NV5 en 2017 par l'acquisition d'Energenz, a été nommé CEO, responsable des opérations de l'entreprise. Heraud avait précédemment été COO du groupe Bâtiments et Technologie de NV5 depuis 2020.

La nouvelle structure organisationnelle inclut Alex Hockman, CEO de l'Infrastructure, et Kurt Allen, Président de l'activité Géospatiale de NV5, tous deux rendant compte à Heraud. Hockman, Ingénieur Géotechnique Professionnel avec plus de 40 ans d'expérience, est avec NV5 depuis sa création. Allen, qui a rejoint en 2019 par l'acquisition de Quantum Spatial, apporte plus de 30 ans d'expertise en géospatial et en SIG.

NV5 hat wichtige Veränderungen in der Führungsebene angekündigt, wobei der Gründer Dickerson Wright im März 2024 zum Executive Chairman wechselt, um sich auf strategische Wachstumsinitiativen und M&A-Aktivitäten zu konzentrieren. Ben Heraud, der 2017 durch die Übernahme von Energenz zu NV5 kam, wurde zum CEO ernannt, verantwortlich für die Unternehmensabläufe. Heraud war zuvor seit 2020 COO der Gebäude- und Technologietruppe von NV5.

Die neue Organisationsstruktur umfasst Alex Hockman, CEO der Infrastruktur, und Kurt Allen, Präsident des Geospatial-Geschäfts von NV5, die beide an Heraud berichten. Hockman, ein professioneller Geotechnik-Ingenieur mit über 40 Jahren Erfahrung, ist seit der Gründung von NV5 dabei. Allen kam 2019 durch die Übernahme von Quantum Spatial zu NV5 und bringt über 30 Jahre Erfahrung in Geospatial und GIS mit.

Positive
  • Smooth leadership transition with founder remaining involved as Executive Chairman
  • New CEO has proven track record of strong growth and profitability in Buildings & Technology group
  • Experienced leadership team maintained with long-term executives in key positions
Negative
  • None.

HOLLYWOOD, Fla., Jan. 07, 2025 (GLOBE NEWSWIRE) -- NV5, a provider of technology, certification, and consulting solutions, is pleased to report organizational changes to its executive leadership. These changes are meant to continue the success in growth and profitability of NV5.

In March 2024, NV5 Founder, Dickerson Wright, was appointed as Executive Chairman of NV5. Mr. Wright will continue indefinitely in this role, in which he is responsible for strategic organic growth initiatives and mergers and acquisitions activities.

Ben Heraud has been appointed as Chief Executive Officer of NV5 and will be responsible for the operations of the Company. Ben joined NV5 in 2017 through the acquisition of Energenz, where he was the co-founder and CEO. He has served as the Chief Operating Officer of NV5’s Buildings & Technology group since 2020 and has delivered strong growth and profitability domestically and internationally. Ben has also led the expansion of NV5’s technology and tech-enabled building systems capabilities such mission critical data center services and building digitization. Mr. Heraud earned a bachelor’s degree in energy management from the University of Otago in 2003.

Reporting to Ben Heraud will be the CEO of Infrastructure, Alex Hockman, who has been with NV5 since its founding. Alex is a Professional Geotechnical Engineer with over 40 years of experience managing infrastructure engineering and consulting operations across all 50 states.  

Also reporting to Ben Heraud will be Kurt Allen as the President of NV5’s Geospatial business. Kurt joined NV5 in 2019 with the Quantum Spatial acquisition. Kurt is a mechanical engineer and a licensed Professional Land Surveyor with over 30 years of experience managing geospatial and geographic information systems (GIS) sales and operations.

“NV5’s culture is grounded in the firm belief that growth and innovation create opportunities for our employees, our clients, and our investors. We have always strived to be more than just a traditional engineering company. Our rapid growth and industry-leading profitability have been the direct result of tremendous leaders and technical experts developing novel solutions and delivering unique value to our clients. We look forward to the exciting growth opportunities and tech-based innovations that Ben and his leadership team will uncover to drive growth and profitability throughout NV5,” said Dickerson Wright, PE, Executive Chairman of NV5.

“It is an honor to be part of a team of 5,000 dedicated technical professionals who work every day to deliver innovative solutions to improve the essential infrastructure that we depend on every day,” said Ben Heraud, CEO of NV5. “As we move forward, we will continue to drive growth and profitability through new technologies, expanded technical capabilities, and a commitment to deliver exceptional value to our clients.”

About NV5
NV5 Global, Inc. (NASDAQ: NVEE) is a provider of technology, certification, and consulting solutions for public and private sector clients supporting utility, infrastructure, and building assets and systems. The Company primarily focuses on six business verticals: Utility services, infrastructure engineering, conformity assessment, buildings & technology, environmental health sciences, and geospatial services. NV5 operates out of more than 100 offices nationwide and abroad. For additional information, please visit the Company’s website at www.NV5.com. Also visit the Company on Twitter, LinkedIn, Facebook, and Vimeo.

Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained in this news release. Such factors include: (a) changes in demand from the local and state government and private clients that we serve; (b) general economic conditions, nationally and globally, and their effect on the market for our services; (c) competitive pressures and trends in our industry and our ability to successfully compete with our competitors; (d) changes in laws, regulations, or policies; and (e) the “Risk Factors” set forth in the Company’s most recent SEC filings. All forward-looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements, except as required by law.

Investor Relations Contact
NV5 Global, Inc.
Jack Cochran
Vice President, Marketing & Investor Relations
Tel: +1-954-637-8048
Email: ir@nv5.com

Source: NV5 Global, Inc.


FAQ

When will Ben Heraud take over as CEO of NV5 (NVEE)?

Ben Heraud has been appointed as CEO of NV5, following Dickerson Wright's transition to Executive Chairman in March 2024.

What will be Dickerson Wright's role at NV5 (NVEE) after March 2024?

Dickerson Wright will continue indefinitely as Executive Chairman, focusing on strategic organic growth initiatives and mergers and acquisitions activities.

What was Ben Heraud's previous position at NV5 (NVEE)?

Ben Heraud served as the Chief Operating Officer of NV5's Buildings & Technology group since 2020, after joining the company in 2017 through the Energenz acquisition.

Who will report directly to new NV5 (NVEE) CEO Ben Heraud?

Alex Hockman, CEO of Infrastructure, and Kurt Allen, President of NV5's Geospatial business, will report directly to Ben Heraud.

What is Ben Heraud's background before joining NV5 (NVEE)?

Ben Heraud was the co-founder and CEO of Energenz before it was acquired by NV5 in 2017. He holds a bachelor's degree in energy management from the University of Otago.

NV5 Global, Inc.

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