Contracting giant EMCOR Group announced today that Chairman and Chief Executive Officer Frank T. MacInnis will retire as CEO on Jan. 3, 2011.
giant EMCOR Group announced today that Chairman and
Chief Executive Officer Frank T. MacInnis will
retire as CEO on Jan. 3, 2011. It is expected MacInnis will continue to serve
as nonexecutive Chairman of EMCOR’s board of directors.
J. Guzzi, current EMCOR president and chief operating officer,
will succeed MacInnis as CEO. Guzzi was elected to the board in December 2009.
He will remain a director of the company and will retain the title of
president. As part of the company’s succession planning process, Guzzi was
identified as a potential successor to MacInnis when he joined the company in
MacInnis has done an outstanding job as EMCOR’s chairman and CEO, leading the
company into a period of significant expansion and prosperity for which we are
deeply indebted to him,” said Stephen W. Bershad,
chair of the board’s Compensation and Personnel Committee. “Under Frank’s
16-year leadership, EMCOR has grown from a group of specialty contracting
subsidiary companies to a Fortune 500 company with 2009 revenues of over $5.5
billion. Perhaps most importantly, Frank has built a management team capable of
leading the company into the future.”
Guzzi’s succession of MacInnis, Gershad said: “Tony Guzzi has played a key
leadership role in the company’s transformation over the past five years. He
has been instrumental in driving the company’s successful effort to diversify
its revenue and profit base, and to enable it to prosper across economic
cycles, as evidenced by the company’s excellent performance in the recent
recession. He has also played a critical role in leading EMCOR’s disciplined
approach to project bidding, program management and cost controls.”
joining EMCOR Group, Guzzi held a variety of senior leadership positions at
United Technologies Corp. and its subsidiary Carrier Corp. from 1997 to October
2004. Prior to joining United Technologies, he was an engagement manager at
McKinsey & Co. from 1993 to 1996.
1986 to 1991, he served in the U.S. Army as a Light Infantry Captain and is
Ranger qualified. Guzzi received a B.S. in Civil Engineering and Economics from
the United States Military Academy (West Point) in 1986. He received an M.B.A.
from Harvard Business School in 1993.
Anthony Guzzi To Become EMCOR Group CEO
May 25, 2010