IES Holdings Announces Appointment to Board of Directors
November 04 2016 - 4:15PM
IES Holdings, Inc. (“IES” or the “Company”) (NASDAQ:IESC) today
announced that the Company has expanded its Board of Directors with
the appointment of Jeffrey L. Gendell as a director and the
non-executive Chairman of the Board. Mr. Gendell is the
founder and managing member of Tontine Associates, L.L.C., a
private investment management firm which, together with its
affiliates, is IES’s majority shareholder. Effective with
this appointment, David B. Gendell, the current non-executive
Chairman of the Board, was appointed to serve as the non-executive
Vice Chairman of the Board.
Donald L. Luke, Chairman of the
Nominating/Governance Committee of the Board, commented, “We are
very pleased to welcome Jeff as Chairman of the Board. As a
long-time shareholder, he has been committed to IES’s growth and
success for years, and brings a deep understanding of IES’s
strategy, leadership and governance. Through his extensive
investment experience at Tontine, he also adds diverse industry
knowledge and a valuable shareholder perspective to the
Board.” Mr. Luke added, “I am also gratified that Dave will
be remaining in a leadership role as Vice Chairman. He has
been extremely effective in helping to steer the Company’s growth
strategy as Chairman, and the Board will benefit from his continued
involvement.”
Jeff Gendell, said, “I am honored to have the
opportunity to serve as Chairman of the IES Board. I believe
that the Company has developed a strong track record of executing
on its growth and capital allocation strategy, and I look forward
to continuing to support the Board and management as they drive
this strategy.”
ABOUT IES HOLDINGS, INC.IES is a holding
company that owns and manages diverse operating subsidiaries,
comprised of providers of industrial infrastructure services to a
variety of end markets. Our approximately 4,000 employees serve
clients in the United States. For more information about IES,
please visit www.ies-co.com.
Contact: Robert Lewey, President
IES Holdings, Inc.
713-860-1500
IES (NASDAQ:IESC)
Historical Stock Chart
From Mar 2024 to Apr 2024
IES (NASDAQ:IESC)
Historical Stock Chart
From Apr 2023 to Apr 2024