Statement on CEO Charles R. Gordon's Intent to Retire, Full Commitment to Lead Company through an Orderly and Successful Leadership Transition
July 30, 2020
For attribution to Katie Cason, SVP, Strategy & Communications, Aegion Corporation
After thoughtful planning and with full support from our board of directors, Charles R. Gordon has announced his intent to retire as President and CEO of Aegion Corporation. Originally committed to serving in the role for five years, Mr. Gordon extended his tenure late last fall in order to see the organization through the completion of its multi-year restructuring efforts. In line with typical CEO transition processes, the Company expects this transition to take place over the next 6 and 12 months. Mr. Gordon remains fully committed to leading the organization until a successor is named and successfully onboarded to ensure a smooth and orderly transition.
In advance of his planned retirement, Aegion’s board of directors has launched a formal executive search, including the evaluation of internal and external candidates. Mr. Gordon will remain in his current role until a new President and CEO is comfortably in place.
‘I have the greatest confidence in the deep bench of existing talent at all levels of our organization. With their leadership and support, Aegion remains a recognized market leader in each of our three core markets and has successfully navigated industry fluctuations, market changes and, most recently, an unprecedented pandemic. Following a multi-year reorganization, I believe we are better positioned today than at any point over the last decade. With a strong and streamlined foundation in place, I believe we are approaching the right time for me to step away to move into retirement and let a new leader guide Aegion’s growth strategy into the future. It has been an honor to serve the employees, communities and investors of this company, and I remain committed to Aegion and its valued stakeholders throughout this leadership change.’ – Charles R. Gordon, President and CEO, Aegion Corporation
