Jerry E. Ryan Elected To The EMCOR Group, Inc. Board Of Directors

 

NORWALK, CONNECTICUT, December 13, 2007 – EMCOR Group, Inc. (NYSE:  EME) today announced the election of Jerry E. Ryan to the Company’s Board of Directors.  Mr. Ryan’s election to the Board increases the number of EMCOR Directors to eight, bringing the number of outside independent Directors to seven.

 

Mr. Ryan, 65, is a former owner and past Chairman of the Board and CEO of Fintube Limited Partnership, an international manufacturer of finned tubes used in industrial utility power plants and commercial boiler heat recovery applications.  At one time, Fintube was the world’s largest finned tube producer with manufacturing operations in Oklahoma, Mexico and Canada. 

 

Frank MacInnis, Chairman and Chief Executive Officer of EMCOR Group, Inc. commented, “We are pleased to welcome Jerry Ryan to EMCOR’s Board of Directors.  Jerry’s extensive and distinguished business career has included directorship positions with major companies in oil and gas production, energy generation, and commercial HVAC systems, all of which are relevant to EMCOR’s scope of operations.”

 

In 1993, Oklahoma Governor Frank Keating appointed Mr. Ryan to the Oklahoma Department of Transportation as Transportation Commissioner representing northeast Oklahoma.  During his term from 1993 to 1999 he was Chairman of the Subcommittee that reviewed operations and contracts and served on its Internal Audit Committee.  In addition, Mr. Ryan is a member of the Oklahoma Business Roundtable.

 

Mr. MacInnis continued, “Jerry’s breadth of experience, especially in industrial maintenance, services, and manufacturing of mission critical components will be a source of wise counsel to us as we continue to grow our industrial operations following our acquisition of Ohmstede, Limited.  Jerry’s broad industry affiliations and his many professional accomplishments make him an ideal addition to our team.  We look forward to Jerry’s contributions and I am confident that EMCOR will benefit from his guidance.”

 

Currently Mr. Ryan serves on the Executive Committee and the Board of Trustees for the Philbrook Museum of Art located in Tulsa, Oklahoma and serves as the Chairman of the Construction Committee, which oversaw the construction of the new national class Philbrook Gardens.  Mr. Ryan most recently chaired the $22,000,000 facilities improvement program of Southern Hills Golf and Country Club, home of the 2007 PGA Golf Championship.

 

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 2006 Form 10-K, its Form 10-Q for the third quarter ended September 30, 2007, 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.

 

FOR:             

EMCOR GROUP, INC.

R. Kevin Matz

Senior Vice President

Shared Services

(203) 849-7938

 

FD Investors:

Eric Boyriven – 212-850-5600

 

Linden Alschuler & Kaplan, Inc. Media:

Josh Epstein  – 212-575-4545