IES Holdings, Inc. has announced the appointment of Matthew Simmes as the new Chief Executive Officer, effective July 1, 2025, succeeding Jeffrey Gendell. Simmes, who has been with IES for over 31 years, will also continue in his role as President and join the board of directors. Gendell, the outgoing CEO, will assume the position of Executive Chairman.
During the last five years, under Gendell's leadership, the company has experienced significant growth. Simmes, in his role as President and Chief Operating Officer, has played a key part in this success. His appointment as CEO comes as a result of the company's executive succession plan and is a testament to his leadership and strategic vision.
IES Holdings, Inc. specializes in designing and installing integrated electrical and technology systems and providing infrastructure products and services to various end markets. With more than 9,000 employees, the company serves clients in the United States.
The change in leadership marks a significant transition for the company, as it looks to build on its past successes and pursue new opportunities under Simmes' leadership. Following these announcements, the company's shares moved -6.44%, and are now trading at a price of $253.00. For more information, read the company's full 8-K submission here.
