Williams Industrial Services Group Announces Election of Robert Mills as Chairman

Rhea-AI Summary

Williams Industrial Services Group Inc. (NYSE American: WLMS) announced the election of Robert B. Mills as Chairman of the Board, effective March 5, 2021, following the passing of Charles 'Mac' Macaluso. Mills has been on the Board since 2015 and brings extensive experience from Assured Guaranty and UBS. He expressed commitment to guiding the Company through its strategic plan as business activity is expected to accelerate in 2021 and beyond. Williams has over 50 years of experience providing construction and maintenance services to various industrial sectors.

Positive

• Election of Robert B. Mills as new Chairman may provide leadership stability.
• Mills' extensive background in finance and operations could enhance strategic execution.
• Expected rebound in economic and business development activity may benefit the company.

Negative

• None.

Williams Industrial Services Group Inc. (NYSE American: WLMS) (“Williams” or the “Company”), a construction and maintenance services company, today announced that the Company’s Board of Directors has elected Robert B. Mills as Chairman, effective March 5, 2021. Mr. Mills, who has been a member of the Company’s Board since 2015, succeeds Charles “Mac” Macaluso in the position of Chairman; Mr. Macaluso passed away on February 22, 2021.

Mr. Mills was previously Chief Operating Officer of Assured Guaranty, Ltd., the largest financial guaranty insurance company in the world and, before that, its Chief Financial Officer. He began his career at KPMG, where he progressed to partner and was later appointed National Practice Director for Investment Banking and Capital Markets. His career also included serving as Chief Operating Officer and Chief Financial Officer of the Americas Region for UBS, AG. Mr. Mills currently serves on the Johns Hopkins University Lyme Research Center Board.

“I am pleased to take on this important role at a pivotal time in the Company’s history,” said Bob Mills, Chairman. “Mac left some big shoes to fill, but I, along with the rest of the Board and the management team, remain dedicated to taking the Company to the next level through the execution of our strategic plan. We look forward to the future as the economy rebounds and business development activity accelerates in 2021 and beyond.”

About Williams Industrial Services Group

Williams Industrial Services Group Inc. has been safely helping plant owners and operators enhance asset value for more than 50 years. The Company provides a broad range of construction, maintenance and support services to customers in energy, power and industrial end markets. Williams’ mission is to be the preferred provider of construction, maintenance, and specialty services through commitment to superior safety performance, focus on innovation, and dedication to delivering unsurpassed value to its customers. Additional information can be found at www.wisgrp.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210308005227/en/

FAQ

Who is the new chairman of Williams Industrial Services Group Inc. (WLMS)?

Robert B. Mills was elected as the new Chairman of Williams Industrial Services Group Inc. effective March 5, 2021.

What experience does Robert B. Mills bring to Williams (WLMS)?

Robert B. Mills has a strong background in finance and operations, having previously served as COO and CFO of Assured Guaranty and held key roles at UBS.

Why is the election of Robert B. Mills significant for Williams (WLMS)?

Mills' leadership comes at a pivotal time for the company as it aims to execute its strategic plan amidst a recovering economy.

When did Robert B. Mills become Chairman of Williams Industrial Services Group (WLMS)?

Robert B. Mills became Chairman on March 5, 2021.

What does Williams Industrial Services Group (WLMS) do?

Williams Industrial Services Group provides a range of construction, maintenance, and support services to the energy, power, and industrial markets.