NORWALK, CONNECTICUT, December 18, 2009 -- EMCOR Group, Inc. (NYSE: EME) today announced the election of Anthony J. Guzzi to the Company's Board of Directors. Mr. Guzzi's election to the Board increases the number of EMCOR Directors to 10, of which eight are independent directors.
Since joining EMCOR in October, 2004, Mr. Guzzi, age 45, has been its President and Chief Operating Officer, responsible for day-to-day operations of the Company.
"Tony's proven leadership qualities and passion for operational excellence have been instrumental in making EMCOR the strong industry leader it is today", stated Frank T. MacInnis, Chairman and Chief Executive Officer of EMCOR. "The Board and I have had the pleasure of working with Tony for more than five years, and we have seen his successes in formulating and implementing strategies to foster and build long-term value for our customers, employees and shareholders. Tony has the experience and qualifications necessary to be an effective Director of the Company, and the Board and I welcome his participation."
From 1997 to October 2004, Mr. Guzzi held a variety of senior leadership positions at United Technologies Corporation (NYSE: UTX) and its subsidiary Carrier Corporation. Prior to joining United Technologies, Mr. Guzzi was an Engagement Manager at McKinsey & Company from 1993 to 1996.
Mr. Guzzi received a B.S. in Civil Engineering and Economics from the United States Military Academy (West Point) in 1986 and received an M.B.A. from Harvard Business School in 1993.
A Fortune 500 company with estimated 2009 revenues of $5.5 - $5.6 billion, EMCOR Group, Inc. (NYSE: EME) is a global leader in mechanical and electrical construction, energy infrastructure, and facilities services. A leading provider of critical infrastructure systems, EMCOR gives life to new structures and sustains life in existing ones by its planning, installing, operating, maintaining, and protecting the sophisticated and dynamic systems that create facility environments---such as electrical, mechanical, lighting, air conditioning, heating, security, fire protection, and power generation systems---in virtually every sector of the economy and for a diverse range of businesses, organizations and government. EMCOR represents a rare combination of broad reach with local execution, combining the strength of an industry leader with the knowledge and care of 170 locations. The 26,000 skilled employees of EMCOR have made the company, in the eyes of leading business publications, amongst the "World's Most Admired" and "Best Managed". EMCOR's diversity---in terms of the services it provides, the industries it serves and the geography it spans---has enabled it to create a stable platform for sustained results. The Company's strong financial position has enabled it to attract and retain among the best local and regional talent, to undertake and complete the most ambitious projects, and to redefine and shape the future of the construction and facilities services industry.
MEDIA:
INVESTORS:
This release may contain certain forward-looking statements within the meaning of the Private Securities Reform Act of 1995. Any such comments are based upon information available to EMCOR management and its perception thereof, as of this date, and EMCOR assumes no obligation to update any such forward-looking statements. These forward-looking statements may include statements regarding market opportunities, market share growth, gross profit, backlog mix, projects with varying profit margins, and selling, general and administrative expenses. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Accordingly these statements are no guarantee of future performance. Such risk and uncertainties include, but are not limited to, adverse effects of general economic conditions, changes in the political environment, changes in the specific markets for EMCOR's services, adverse business conditions, availability of adequate levels of surety bonding, increased competition, unfavorable labor productivity and mix of business. Certain of the risks and factors associated with EMCOR's business are also discussed in the Company's 2008 Form 10-K, its Form 10-Q for the third quarter ended September 30, 2009, and in other reports filed from time to time with the Securities and Exchange Commission. All these risks and factors should be taken into account in evaluating any forward-looking statements.
###
CONTACT:
R. Kevin Matz
Executive Vice President, Shared Services
203-849-7938
Linden Alschuler & Kaplan, Inc.
Suzanne Dawson/Cecile Fradkin
212-575-4545
Eric Boyriven
212-850-5600
Facebook
Linkedin
YouTube