- Push-out Score determined
- After about six years in the position
- Search for a successor
(exechange) — St. Louis, Missouri, July 30, 2020 — Chuck Gordon, chief executive of Aegion, leaves. As announced by Aegion Corp. in a regulatory filing published on Thursday, July 30, 2020, Charles R. (Chuck) Gordon leaves his post as chief executive officer at the rehabber of infrastructure pipelines after about six years in the role.
It is currently anticipated that Gordon will remain with the Company in his current role until his successor is named and successfully onboarded to ensure a smooth and orderly transition.
Aegion will undertake a search for a successor.
No reason given
In the announcement, Aegion did not explicitly explain the reason for Chuck Gordon’s move.
Precise information regarding Chuck Gordon’s future plans was not immediately available.
“Retire”
Aegion said: “On July 30, 2020, Charles R. Gordon announced his intention to retire as President and Chief Executive Officer of the Company.”
Share price decline
The announcement follows a decline in Aegion Corp.’s share price of 18% since July 2017.
Chaired by Stephanie A. Cuskley
Aegion Corp. is chaired by Stephanie A. Cuskley.
Cuskley was appointed as Chairwoman of the Board of Directors and as an ex officio member of the Company’s Compensation Committee, Strategic Planning & Finance Committee and Corporate Governance & Nominating Committee on April 24, 2019.
In the position of CEO since 2014
Chuck Gordon became CEO of the Company in 2014.
Gordon has served as the Company’s President and Chief Executive since 2014 and served as the Company’s interim Chief Executive Officer from May 2014 to October 2014.
He previously served as the Chief Executive Officer of Natural Systems Utilities, LLC, a privately-held wastewater treatment company, from February 2014 until his appointment as the Company’s interim Chief Executive Officer.
Gordon also served as President and Chief Operating Officer of Nuverra Environmental Solutions, Inc., a publicly-held environmental solutions company, from 2010-2013.
He previously held the positions of President and Chief Executive Officer of Siemens Water Technologies, now known as Evoqua Water Technologies, a water solutions and services company, from 2008-2010, Executive Vice President of Siemens Water & Wastewater Systems Group from 2005-2008 and Executive Vice President of Siemens Water & Wastewater Services and Products Group from 2003-2005.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
exechange reached out to Aegion and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 31.2020 ($).