MARK A. POMPA TO SUCCEED LEICLE E. CHESSER AS CHIEF FINANCIAL OFFICER OF EMCOR GROUP
--Mr. Chesser to Become Vice Chairman of EMCOR Group, to retire at the end of 2006
NORWALK, CONNECTICUT, April 3, 2006 – EMCOR Group, Inc. (NYSE: EME), announced today the election of Mark A. Pompa, age 41, as Executive Vice President and Chief Financial Officer of EMCOR Group. Mr. Pompa succeeds Leicle E. Chesser, age 59, who has been appointed to the position of Vice Chairman of the Company. Mr. Chesser will serve in his role as Vice Chairman until the end of 2006, at which point he will leave the Company to retire and pursue his philanthropic interests. Mr. Chesser has served as Chief Financial Officer since May 1994.
Mr. Pompa brings extensive financial accounting and management experience to his new role. Prior to becoming Chief Financial Officer, Mr. Pompa served as the Company’s Senior Vice President - Chief Accounting Officer and Treasurer and will continue as Treasurer. From September 1994 to June 2003, he was the Company’s Vice President and Controller. Before joining EMCOR, he was an audit and business advisory manager at Arthur Andersen, LLP. Mr. Pompa received his bachelor’s degree from Pace University; he is a Certified Public Accountant, and a member of the American Institute of Certified Public Accountants, the Connecticut State Society of Certified Public Accountants and Financial Executives International. Mr. Pompa will report to Anthony Guzzi, President and Chief Operating Officer of EMCOR Group.
Frank T. MacInnis, Chairman and Chief Executive Officer of EMCOR Group, stated, “We all congratulate Mark on his well-deserved promotion. Mark has worked closely with Leicle for several years, and his 20 years of financial and accounting experience and strong performance throughout his career at the Company make him ideally suited to take on his new role. Mark has a deep understanding of our culture and business and is the ideal fit to lead the financial management of the Company into the future. We look forward to his continued contributions to our success.”
Mr. Macinnis added, “On behalf of EMCOR Group and our Board of Directors, I’d like to thank Leicle for his years of service to the Company as its Chief Financial Officer and his many contributions to our success. Leicle has been a part of the EMCOR family since its foundation in 1994, and his strong financial stewardship has helped place EMCOR in its current position as the industry leader. I look forward to working closely with Leicle in his new role as Vice Chairman, as we focus on implementing our strategic plan.”
EMCOR Group, Inc. is a Fortune 500® worldwide leader in mechanical and electrical construction services, energy infrastructure and facilities services.
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 2005 Form 10-K 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.
About EMCOR Group, Inc.
A Fortune 500® company with over $4.7 billion in annual revenues, EMCOR Group, Inc. (NYSE: EME) is a global leader in mechanical and electrical construction, energy infrastructure, and facilities services. EMCOR gives life to new structures and sustains life in existing ones by its planning, installing, operating and maintaining the sophisticated and dynamic systems that create facility environments---such as electrical, mechanical, lighting, air conditioning, heating, security and power generation systems---in virtually every sector of the economy and for a diverse range of businesses around the world. EMCOR’s “knowledge in action” slogan reflects its rare combination of global reach with local execution, combining the strength of an industry leader with the knowledge and care of 140 locations worldwide. The 26,000 skilled employees of EMCOR have made the company, in the eyes of leading business publications, amongst America’s “Most Admired” and “Best Performing.” 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.
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