ANAHEIM, Calif.--(BUSINESS WIRE)--
Willdan Group, Inc. (NASDAQ: WLDN), a provider of professional technical
and consulting services, today announced that the Board of Directors has
elected Thomas D. Brisbin as Chairman of the Board. Tom, who has served
as Willdan's President and CEO since 2007, succeeds Win Westfall, who
will continue to serve on Willdan's Board of Directors.
Willdan also announced the following senior management promotions:
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Michael A. Bieber (Mike) has been named President of Willdan Group,
Inc.
-
Daniel Chow has been named to the newly-created position of Chief
Operating Officer of Willdan Group, Inc.
Tom, who previously had the title of President and Chief Executive
Officer of Willdan Group, Inc., will continue to serve as Chief
Executive Officer of the Company in addition to his new role as Chairman
of the Board.
Mike has served as Senior Vice President, Corporate Development of
Willdan since joining the Company in December 2014. Daniel has been in
senior management positions at Willdan since joining the Company in
2008, most recently serving as President and Chief Executive Officer of
our subsidiaries, Willdan Engineering and Willdan Energy Solutions.
"The senior management appointments announced today reflect the Board of
Directors' goal to create a management structure and team that supports
the continued growth of Willdan and reflects our succession planning
efforts," said Tom Brisbin. "Since joining Willdan in 2014, Mike has
spearheaded the M&A activity that has expanded our energy efficiency
services capabilities, and has significantly contributed to our strong
growth in revenue, earnings and cash flow. Daniel has done an excellent
job leading our Engineering Services segment, which has steadily grown
its customer base and generated higher levels of revenue and profits in
each of the past three years. We believe we have exceptional
opportunities to create additional long-term value for our shareholders,
and Mike and Daniel have the skill set, experience and expertise to
effectively lead the Company in the years ahead."
About Thomas D. Brisbin
Thomas D. Brisbin was appointed President and Chief Executive Officer of
Willdan Group in April 2007. Tom previously was vice president of and
consultant for AECOM Technology Corporation, or AECOM, since spring
2004. At AECOM, a company focused on infrastructure, environment and
facilities engineering contracts, Tom was responsible for developing the
company's environmental business. Prior to joining AECOM, Tom was chief
operating officer and executive vice president of Tetra Tech, Inc., or
Tetra Tech, a leading provider of consulting, engineering and technical
services, for five years. Prior to that, he was employed by Planning
Research Corporation, or PRC, a systems analysis and management
consulting company and wholly-owned subsidiary of The Black & Decker
Corporation, from 1978 to 1995 and was co-founder and President of PRC
Environmental Management, Inc. During his tenure at PRC, he was involved
in all aspects of operations, marketing and finance. Before joining PRC,
he was a research associate at Argonne National Laboratory. He has also
served as an adjunct professor at the Illinois Institute of Technology.
Tom holds a B.S. degree from Northern Illinois University and a Ph.D. in
Environmental Engineering from Illinois Institute of Technology. He also
completed Harvard Business School's Advanced Management Program in 1988.
About Michael A. Bieber
Michael A. Bieber was appointed Senior Vice President, Corporate
Development of Willdan Group, Inc. in December 2014. Previously, he
served as Senior Vice President at Tetra Tech, where he served in a
number of leadership roles for over 18 years. From March 2007 to
December 2014, Mike managed Tetra Tech's mergers and acquisitions and
investor relations functions, overseeing over fifty acquisitions. From
2005 to 2007, Mike managed Tetra Tech's corporate business development
group, where he was responsible for overseeing internal business
development, marketing and communications. From January 2000 to December
2014, Mike also worked in Tetra Tech's investor relations group. From
1996 to 2000, he was a proposal manager in Tetra Tech's corporate
marketing group. From 1994 to 1996, he served at CRC, Inc., and its
successor, as a strategic business development consultant to large
defense, infrastructure, and environmental firms. Prior to 1994, Mike
worked for IT Corporation (now CB&I) where he served as project manager
and engineer on government nuclear and commercial environmental
projects. Mike holds a B.S. degree in Civil Engineering from the
Tennessee Technological University.
About Daniel Chow
Daniel Chow has served as President and Chief Executive Officer of our
subsidiaries Willdan Engineering and Willdan Energy Solutions since
August 2016. Daniel joined Willdan in December 2008 as President and
Chief Executive Officer of Willdan Engineering. Prior to joining
Willdan, Daniel was the Vice President of AMEC Earth & Environmental,
Inc., a subsidiary of AMEC plc, a global provider of high value
consultancy, engineering and project management services to the energy,
power and process industries, from April 2004 to December 2008. Prior to
AMEC, Daniel worked at Tetra Tech EM Inc. (formerly PRC Environmental
Management, Inc.) for over 20 years and held various senior management
positions, including Vice President of US operations. During Daniel's
tenure with these firms, he was responsible for establishing new offices
and developing and implementing management systems firmwide to enhance
operations. He also led the pursuit and management of multi-million
dollar contracts for government clients that included the U.S. Navy and
the U.S. Army Corps of Engineers. Daniel received his B.Sc. in
Mechanical Engineering from Tennessee Technological University and his
Master's Degree in Environmental Engineering from Illinois Institute of
Technology. He is a registered professional engineer in the state of
Illinois and Guam.
About Willdan
Willdan provides professional consulting and technical services to
utilities, public agencies and private industry throughout the United
States. Willdan's service offerings span a broad set of complementary
disciplines that include energy efficiency and sustainability,
engineering and planning, financial and economic consulting, and
national preparedness. Willdan provides integrated technical solutions
to extend the reach and resources of its clients, and provides all
services through its subsidiaries specialized in each segment. For
additional information, visit Willdan's website at www.willdan.com.
Forward-Looking Statements
Statements in this press release that are not purely historical,
including statements regarding Willdan's intentions, hopes, beliefs,
expectations, representations, projections, estimates, plans or
predictions of the future are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. The
forward-looking statements involve risks and uncertainties including,
but not limited to, the risk that Willdan will not be able to continue
the growth it has experienced in recent years. It is important to note
that Willdan's actual results could differ materially from those in any
such forward-looking statements. Factors that could cause actual results
to differ materially include, but are not limited to, a slowdown in the
local and regional economies of the states where Willdan conducts
business and the loss of or inability to hire additional qualified
professionals. Willdan's business could be affected by a number of other
factors, including the risk factors listed from time to time in
Willdan's SEC reports including, but not limited to, the Annual Report
on Form 10-K filed for the year ended January 1, 2016. Willdan cautions
investors not to place undue reliance on the forward-looking statements
contained in this press release. Willdan disclaims any obligation to,
and does not undertake to, update or revise any forward-looking
statements in this press release.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161103006776/en/
Willdan Group, Inc.
Stacy McLaughlin
Chief Financial
Officer
714-940-6300
smclaughlin@willdan.com
or
Investor/Media
Contact
Financial Profiles, Inc.
Tony Rossi, 310-622-8221
trossi@finprofiles.com
Source: Willdan Group, Inc.
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