IES Holdings announces executive leadership changes, with Matt Simmes as CEO and Jordan Lyman as President of Residential segment.
Quiver AI Summary
IES Holdings, Inc. announced the completion of its executive succession plan, promoting Matt Simmes to President and Chief Executive Officer, while Jeff Gendell transitions to Executive Chairman of the Board. Simmes has also joined the Board of Directors and expressed his commitment to continue the company's growth, building on Gendell's legacy. Jordan Lyman has been appointed as President of IES's Residential segment, bringing over 20 years of experience with the company. Both leaders highlighted their collaborative efforts and commitment to drive future growth in the face of changing market conditions. IES Holdings designs and installs integrated electrical and technology systems, serving various sectors across the U.S.
Potential Positives
- Completion of the executive succession plan with a new CEO, Matt Simmes, demonstrates stability and a commitment to leadership continuity.
- Matt Simmes's acknowledgment of the company's record of growth under the previous leadership suggests a strong foundation for future advancements.
- Appointment of Jordan Lyman as President of the Residential segment ensures experienced leadership, leveraging his 20 years at IES Residential for future growth.
Potential Negatives
- The transition in leadership may raise concerns among investors about the impact on company stability and direction, especially since the outgoing CEO is moving to an Executive Chairman role.
- The appointment of a new CEO often brings uncertainty, and shareholders may question whether the new leadership can maintain or accelerate the company’s growth trajectory established under the previous leadership.
FAQ
What is the recent leadership change at IES Holdings?
IES Holdings announced Matt Simmes as the new President and CEO, with Jeff Gendell transitioning to Executive Chairman.
Who is the new President of IES’s Residential segment?
Jordan Lyman has been appointed as the President of IES’s Residential segment, bringing over 20 years of experience.
What are the key goals of Matt Simmes as CEO?
Matt Simmes aims to build on IES’s legacy of growth and deliver value for shareholders, customers, and employees.
How long has Jordan Lyman been with IES?
Jordan Lyman has spent more than 20 years at IES, including 14 years as Division Manager of the San Antonio Division.
How can I learn more about IES Holdings, Inc.?
For more information about IES, visit their official website at www.ies-co.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$IESC Insider Trading Activity
$IESC insiders have traded $IESC stock on the open market 5 times in the past 6 months. Of those trades, 0 have been purchases and 5 have been sales.
Here’s a breakdown of recent trading of $IESC stock by insiders over the last 6 months:
- JEFFREY L ET AL GENDELL (Chief Executive Officer) has made 0 purchases and 5 sales selling 39,630 shares for an estimated $10,914,980.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$IESC Hedge Fund Activity
We have seen 123 institutional investors add shares of $IESC stock to their portfolio, and 167 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 681,443 shares (+47.3%) to their portfolio in Q1 2025, for an estimated $112,513,053
- INVESCO LTD. removed 137,081 shares (-68.3%) from their portfolio in Q1 2025, for an estimated $22,633,443
- LORD, ABBETT & CO. LLC added 102,069 shares (+inf%) to their portfolio in Q1 2025, for an estimated $16,852,612
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 82,612 shares (-52.9%) from their portfolio in Q1 2025, for an estimated $13,640,067
- MORGAN STANLEY added 74,992 shares (+56.5%) to their portfolio in Q1 2025, for an estimated $12,381,929
- CAPITAL INTERNATIONAL INVESTORS removed 63,289 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $12,718,557
- PRICE T ROWE ASSOCIATES INC /MD/ added 54,180 shares (+1642.8%) to their portfolio in Q1 2025, for an estimated $8,945,659
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
HOUSTON, July 01, 2025 (GLOBE NEWSWIRE) -- IES Holdings, Inc. (or “IES” or the “Company”) (NASDAQ: IESC) announced today that the Company completed its previously-announced executive succession plan, with Matt Simmes becoming the Company’s President and Chief Executive Officer and Jeff Gendell transitioning from Chairman of the Board and Chief Executive Officer to Executive Chairman of the Board. In addition, Mr. Simmes has been appointed as a member of the Company’s Board.
“I am grateful for the opportunity to lead IES into its next chapter,” said Mr. Simmes. “Under Jeff’s leadership, IES has established a strong record of growth, and I am committed to building on that legacy to deliver value for our shareholders, customers, and employees.” Mr. Gendell added, “I am incredibly proud of all that Matt and I have accomplished together, and as Executive Chairman, I look forward to working with Matt and the senior leadership team as they drive the Company’s continued success.”
IES also announced the appointment of Jordan Lyman as President of IES’s Residential segment. Mr. Lyman has spent more than 20 years at IES Residential, including 14 years as Division Manager of the segment’s San Antonio Division. In addition, he is a member of IES Residential’s Steering Committee, a group of senior leaders which has been overseeing significant operational and process developments over the past year.
“I have worked in close partnership with Jordan since I began acting as Interim President of the Residential segment in 2023,” said Mr. Simmes. “His deep knowledge of the day-to-day business and strong relationships with our customers and suppliers make him the right person to lead the Residential segment through the current housing environment and position the business for future growth, while allowing me to focus on my new role as CEO.”
“It’s an honor to lead the team at IES Residential, so many of whom have been my valued colleagues for many years,” added Mr. Lyman. “I’m grateful to Matt, Jeff and the Board for their confidence in my ability to drive IES Residential forward.”
About IES Holdings, Inc.
IES designs and installs integrated electrical and technology systems and provides infrastructure products and services to a variety of end markets, including data centers, residential housing, and commercial and industrial facilities. Our more than 9,000 employees serve clients in the United States. For more information about IES, please visit
www.ies-co.com
.
Company Contact:
Tracy McLauchlin
Chief Financial Officer
IES Holdings, Inc.
(713) 860-1500
Investor Relations Contact:
Robert Winters or Stephen Poe
Alpha IR Group
312-445-2870
[email protected]
