- Mark A. Pompa to Step Down as Chief Financial
Officer of the Company, Effective April 1, 2024 - - Jason R.
Nalbandian, Chief Accounting Officer, Appointed Chief Financial
Officer, Effective April 1, 2024 - - R. Kevin Matz to Step Down as
Executive Vice President Shared Services, Effective April 1, 2024
-
EMCOR Group, Inc. (NYSE: EME) today announced that, as part of a
planned realignment of responsibilities, Mark A. Pompa, Executive
Vice President and Chief Financial Officer, and R. Kevin Matz,
Executive Vice President Shared Services, will step down from their
respective positions, effective April 1, 2024.
The Company also announced that Jason R. Nalbandian, EMCOR’s
Chief Accounting Officer, will succeed Mr. Pompa as Senior Vice
President and Chief Financial Officer and will maintain his current
Chief Accounting Officer responsibilities. Mr. Matz’s
responsibilities will be reallocated to other members of the EMCOR
executive leadership team, including Andrew G. Backman, who
recently joined the Company as Vice President of Investor
Relations.
Tony Guzzi, Chairman, President, and Chief Executive Officer of
EMCOR, commented, “On behalf of the Board and the entire management
team, I’d like to thank Mark for his invaluable contributions to
EMCOR over his 30-year tenure at the Company. His many
accomplishments, including building out a deep financial
organization and strong risk management and tax team, developing a
robust capital allocation framework, and strengthening our
financial foundation, will have lasting benefits for the Company.
We are grateful for the work and dedication Mark has undertaken to
advance our strategy and enhance shareholder value, and we look
forward to his partnership as we effect a smooth transition.”
Mr. Guzzi continued, “Succession planning is a priority at
EMCOR, and we are extremely pleased to name Jason as our next Chief
Financial Officer. He is a highly accomplished, results driven
leader, known for his strong financial acumen and proven track
record of disciplined capital management. Jason exemplifies EMCOR’s
core values of Mission First, People Always and has built and grown
an exceptional world-class financial team since joining EMCOR
nearly a decade ago. We have full confidence that he is the right
choice to lead our finance organization as we continue our mission
to drive long-term profitable growth and shareholder value.”
Mr. Guzzi concluded, “Kevin has been part of the fabric of EMCOR
for the past three-plus decades. I want to thank him for his
countless contributions, his passion and leadership, and for his
trusted advice throughout the years. He has been a highly respected
and valued member of our management team, acting as a driving force
in the advancement of our strategic objectives and corporate
policies. Kevin has played an integral role in developing our agile
and resilient operating model, while successfully leading and
growing our investor relations and shared services functions. Kevin
has been instrumental in building our comprehensive leadership
training programs, our business development and IT teams, as well
as our industry-leading safety program. On behalf of the Board and
entire management team, we thank Kevin for his unwavering
commitment to EMCOR.”
Mr. Pompa commented, “Working with the EMCOR team has been the
highlight of my career. Together, we have achieved remarkable
milestones, and I am extremely proud of all that we have
accomplished. I have complete confidence that EMCOR’s finance
function and organization are in the right hands and will thrive
under Jason’s leadership. I look forward to working with Jason and
the rest of the team over the next several months to ensure a
seamless transition.”
Mr. Nalbandian added, “I am truly honored to succeed Mark as CFO
and look forward to leading our exceptional financial team.
Throughout my tenure at EMCOR, I have been fortunate to have
contributed to the Company’s growth and financial development, and
I’m excited to continue advancing this work alongside our
leadership team as we execute our strategic, operational, and
financial plans.”
Mr. Matz remarked, “EMCOR is an incredible company, and I’ve had
the privilege of being part of its amazing growth and evolution
while working alongside such a dedicated team of professionals. I
have full confidence in the Company’s solid foundation and clear
path toward achieving its strategic vision. I believe EMCOR will
continue to build on its considerable momentum for the benefit of
its shareholders, as well as its employees and customers. Although
it’s difficult to leave a company and a position that I truly love,
I am looking forward to working with the team in seamlessly
transitioning my responsibilities.”
About Jason R. Nalbandian
Mr. Nalbandian brings 15 years of financial experience and deep
industry expertise. He has served as Chief Accounting Officer of
EMCOR since 2022 and a Senior Vice President since January 2023. He
previously served as Controller of the Company from February 2019
to January 2022 and as Assistant Controller of the Company from
January 2017 to February 2019. Mr. Nalbandian joined the Company in
May 2014 as Director of Accounting and Analysis. Prior to joining
EMCOR, Mr. Nalbandian worked in the assurance practice of Ernst
& Young LLP. He is a Certified Public Accountant and received
both a bachelor’s degree and a master’s degree in accounting from
Fairfield University.
About EMCOR:
EMCOR Group, Inc. is a Fortune 500 leader in mechanical and
electrical construction services, industrial and energy
infrastructure and building services. This press release and other
press releases may be viewed at the Company’s website at
www.emcorgroup.com. EMCOR routinely posts information that may be
important to investors in the “Investor Relations” section of our
website at www.emcorgroup.com. Investors and potential investors
are encouraged to consult the EMCOR website regularly for important
information about EMCOR.
Forward Looking Statements:
This release contains forward-looking statements. Such
statements speak only as of December 15, 2023, and EMCOR assumes no
obligation to update any such forward-looking statements, unless
required by law. These forward-looking statements may include
statements regarding anticipated future operating and financial
performance, including EMCOR’s mission to drive long-term
profitable growth and create shareholder value, as well as benefits
to employees and customers. . These forward-looking statements
involve risks and uncertainties that could cause actual results to
differ materially from those anticipated (whether expressly or
implied) by the forward-looking statements. Accordingly, these
statements do not guarantee future performance or events.
Applicable risks and uncertainties include, but are not limited to,
adverse effects of general economic conditions; changes in interest
rates; domestic and international political developments; changes
in the specific markets for EMCOR’s services; adverse business
conditions, including labor market tightness and/or disruption,
productivity challenges, the nature and extent of supply chain
disruptions impacting availability and pricing of materials, and
inflationary trends more generally, including fluctuations in
energy costs; the impact of legislation and/or government
regulations; the availability of adequate levels of surety bonding;
increased competition; unfavorable developments in the mix of our
business; and the effectiveness of EMCOR’s executive leadership
team. Certain of the risk factors associated with EMCOR’s business
are also discussed in Part I, Item 1A “Risk Factors,” of the
Company’s 2022 Form 10-K, and in other reports filed from time to
time with the Securities and Exchange Commission and available at
www.sec.gov and www.emcorgroup.com. Such risk factors should be
taken into account in evaluating our business, including any
forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231215101384/en/
Andrew G. Backman Vice President Investor Relations (203)
849-7938 FTI Consulting, Inc. Investors: Blake Mueller (718)
578-3706
EMCOR (NYSE:EME)
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