Limbach Holdings, Inc. Announces Executive Changes
September 01, 2021 at 09:21 pm
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Limbach Holdings, Inc. announced that on August 26, 2021, Larry G. Swets Jr., a member of the Board of Directors of Limbach Holdings, Inc., resigned as a director of the Company and all Board committees on which he serves, effective immediately as contemplated by the Company’s previous announcement on May 14, 2021. Upon the recommendation of the Nominating and Corporate Governance Committee, on August 26, 2021, the Board also appointed Linda G. Alvarado, age 70, as a new director and member of the Company’s Finance and Capital Markets Committee and Nominating and Corporate Governance Committee, effective immediately to fill the vacancy created by Mr. Swets’ resignation. Joshua S. Horowitz was also appointed chairman of the Finance and Capital Markets Committee, effective upon Mr. Swets’ resignation. Ms. Alvarado will join the Board as a Class A director, such being the class of directors whose terms expire at the Company’s 2023 Annual Meeting of Stockholders. The Company believes that Ms. Alvarado’s appointment aligns with the Nominating and Corporate Governance Committee’s previously announced goal of selecting a new member with the experience to provide guidance to support the Company’s growth plans, with a focus on enhancing diversity and inclusion as a Board and with a keen view towards supplementing the board level domain expertise in the areas of technology, mergers and acquisitions, environmental, social and governance considerations, and mechanical, electrical and plumbing engineering.
Limbach Holdings, Inc. is an integrated building systems solutions company. The Company partners with the owners and facilities managers who have mission-critical mechanical, electrical, and plumbing infrastructure. The Company operates in two segments: General Contractor Relationships (GCR), and Owner Direct Relationships (ODR). The GCR segment manages new construction or renovation projects that involve primarily mechanical, plumbing, or electrical services awarded to the Company by general contractors or construction managers. Through the ODR segment, the Company performs owner direct construction projects and/or provides maintenance or services primarily on mechanical, plumbing or electrical systems, building controls and specialty contracting projects direct to, or assigned by, building owners or property managers. The Company works with six vertical markets: healthcare, industrial and manufacturing, data centers, life science, higher education and cultural and entertainment.