Senior Management Appointments
---EMCOR Company Evolves and Strengthens
Senior Management Team---
SOCIETY HILL, SOUTH CAROLINA, May 14, 2015 – PPM is pleased to announce several senior management appointments, continuing to maintain focus and priority on its customer centric principles. Company founder Henry Moree, Sr. will continue as Chief Executive Officer, as Bobby Ollis, formerly the company’s Senior Vice President, evolves into the role of President. Additionally, Hank Moree, Jr. has been named Executive Vice President and Chief Operating Officer, succeeded in his previous position of Vice President of Sales and Marketing by Phillip Davis.
A leading national service provider for the fossil and nuclear power, pulp and paper, chemical, independent power producers, and general manufacturing industries, PPM is a subsidiary of EMCOR Group, Inc. (NYSE: EME), a Fortune 500® leader in mechanical and electrical construction, energy infrastructure, and building services for a diverse range of businesses.
“As we evolve and strengthen PPM’s leadership team, we’re exceedingly fortunate to be able to rely on the capabilities of a core management team having a total tenure of 125+ years at PPM and the industry and a shared vision of key company principles -- safety, quality, dependability, productivity and training,” stated Henry Moree, Sr., PPM, Chief Executive Officer. “PPM will continue to hold fast to and practice a relationship oriented management style that has enabled the company to develop many 20 and 30 year continuous business relationships with power, pulp and paper, and general manufacturing customers.”
Bobby Lee Ollis has 38+ years of experience in heavy industry, with an extensive background in mechanical construction, outage management, and long-term maintenance service contracts. He’s managed all PPM’s field operations for 35+ years, creating a culture and organization of customer driven teams. As President, his focus will be to drive continued growth and sustain operational excellence, while ensuring processes and procedures are in place to meet clients' end-to-end needs for high-performance maintenance and construction services. He also oversees PPM’s strategic direction, directs planning activities, and establishes the organization's structure and policies.
As EVP and COO, Hank Moree, Jr. will coordinate the daily operations of PPM and formulate distinct plans and policies to achieve overall company objectives. He will work to ensure the core values of PPM are consistently followed, while fulfilling its commitment to stakeholders and customers. Hank brings 21+ years of contract management experience within varying disciplines, including security management, event management, temporary labor services, industrial maintenance, and construction support services. Since 2006 he has led PPM’s sales and marketing team, with additional direction over estimating and start-up operations, and has also been a member of PPM’s safety and risk management team. A graduate of Francis Marion University, where he earned a bachelor’s degree in business administration; he is also a former national and world motocross champion.
With 25+ years of sales, marketing and operations experience within industrial maintenance, specialty services, and industrial construction support services, as Vice President of Sales and Marketing for PPM, Phillip Davis will be responsible for leading the sales team from project development through operational implementation and continuing through relationship management. Phillip and his team will focus on identifying long term client relationships, establishing and maintaining them through optimum delivery of safety, quality, dependability, productivity, and training, five key principles of PPM’s success. Phillip attended Auburn University, earning his Bachelor of Science in Industrial Operations Management with an Industrial Engineering focus on productivity, plant layout, and inventory control.
Founded in 1978, PPM is a leading service provider for the fossil and nuclear power, pulp and paper, chemical, independent power producers and general manufacturing industries. The company provides a full range of maintenance services and performs mechanical, electrical and civil construction for projects ranging from small capital improvements to major plant expansions. Headquartered in Society Hill, South Carolina, PPM is a subsidiary of EMCOR Group, Inc. (NYSE: EME), a Fortune 500 company with estimated 2015 revenues of ~$6.6B. EMCOR is a leader in mechanical and electrical construction, industrial and energy infrastructure, and building services. A 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 29,000+ 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. Additional information on EMCOR can be found at www.EMCORGroup.com.
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 2014 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.
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