Bowman Consulting Group Ltd. (NASDAQ: BWMN) has announced the planned retirement of Michael Bruen, who has served as the President of the company and as a member of the board of directors. His retirement is set to take effect on January 3, 2025, with his resignation from these positions effective as of October 4, 2024. However, between his resignation and retirement, Bruen will continue to support the company as an executive advisor to the CEO. Following his retirement, he will serve as an independent advisor to the company under a short-term consulting arrangement.
Gary Bowman, Chairman and CEO of Bowman, expressed gratitude for Bruen's nearly 30 years of service in various leadership roles at the company, noting his contributions to significant growth and market diversification. Bowman emphasized that Bruen's retirement and the transition of responsibilities align with the company's ongoing evolution as a leading engineering services and infrastructure solutions provider.
Bowman Consulting Group Ltd., headquartered in Reston, Virginia, operates as a national engineering services firm with over 2,200 employees in more than 90 locations across the United States. The company delivers infrastructure solutions to customers involved in owning, developing, and maintaining the built environment. Bowman provides a range of services, including planning, engineering, geospatial, construction management, commissioning, environmental consulting, and land procurement, serving customers in diverse regulated end markets.
As a publicly-traded company on the NASDAQ under the symbol BWMN, Bowman's announcement of the leadership transition reflects its commitment to continued growth and market prominence within the engineering services and infrastructure solutions industry. Following these announcements, the company's shares moved -6.2%, and are now trading at a price of $22.28. For the full picture, make sure to review Bowman Consulting's 8-K report.
