- Signs for push-out forces
- After almost seven years on the job
- Laud, praise, thanks and good wishes for Lang
- Dennis Sadlowski taking over in the interim
- Search for a successor
(management-change.com) — Cincinnati, Ohio, January 24, 2017 — Jeff Lang, chief executive of CECO, leaves. It is a change at short notice. As announced by CECO Environmental Corp. in a news release on Tuesday, January 24, 2017, Jeffrey (Jeff) Lang leaves the post as Chief Executive Officer at the energy, environmental, and industrial technology company in a surprising move after almost seven years on the job, effective February 01, 2017.
CECO will undertake a search for a successor.
Lang’s duties are taken over in the interim by Dennis Sadlowski, a former Chief Executive Officer at Siemens Energy and Automation.
Already a director
Sadlowski is already a director of CECO. Often a board member is a last resort, someone who is turned to in desperation when a company can’t find other suitable candidates. On the other hand, directors-turned-executives represent a blend of outsider and insider.
They don’t have the constraints of a pure insider when it comes to leading painful changes or making unpopular decisions, and they have more company knowledge than a pure outsider.
Having been a director, Sadlowski understands the expectations and dynamics of the board and has knowledge of CECO’s organization, finances and strategy.
“Jeff recognized that now is the best time to find a new voice to lead CECO”
The imminent management change is explained as follows. CECO’s Chairman, Jason DeZwirek, said in a fairly blunt statement: “Jeff recognized that now is the best time to find a new voice to lead CECO through its next growth phase.”
CECO said: “Jeffrey Lang, the Company’s Chief Executive Officer, President and a director, has decided to step down as CEO, President and a member of the Board of Directors as of February 1, 2017.”
Precise information about the future plans of Lang was not immediately available.
Share price rise since March 2016
The change follows a rise in the share price of CECO Environmental Corp. since March 2016.
Chaired by Jason DeZwirek
CECO Environmental Corp. is chaired by Jason DeZwirek.
Jason DeZwirek became the Chairman of Board in May 2013 and been a director of the Company since February 1994.
On the job as CEO since 2010
Jeffrey Lang has served as Chief Executive Officer since February 15, 2010, President since September 3, 2013, and as a director since May 20, 2010.
Prior to joining the Company, Lang was the Executive Vice President, Operating Officer of McJunkin Red Man Corporation, a Goldman Sachs Capital Partners portfolio company, from 2007 to 2009, a $4.5 billion provider of pipe, valves and fittings, and related services serving the petrochemical, petroleum refining, pulp and paper, oil, gas industry and utilities.
He was the Senior Vice President and Operating Officer of Red Man Pipe and Supply Company from 2006 to 2007, a $1.8 billion pipe, valve, fitting company, which merged with McJunkin Corporation to form McJunkin Red Man Corporation.
Lang was employed by Ingersoll Rand Company, a global industrial company, for twenty-five years from 1980 to 2005.
He started out as a sales engineer in 1980, became a Sales and Service Branch Manager in 1985, the Southeast U. S. Area Manager, Air Solutions in 1995, and by 1999 was the Director and General Manager, North American Distributor Division and from 2002 to 2005 served as the Director and General Manager, North American industrial Air Solutions Technology, reporting directly to the President of the Air Solutions Group.
Lang has over 30 years of executive operating management experience, including international experience.
Generally speaking, when a top leader announces to step aside with no permanent successor in place, it is a sign that the move was unexpected and too early.
Signs for push-out forces
It is not completely certain what forces eventually triggered Jeff Lang’s move.
The Push-out Score™ determined by management-change.com suggests that push-out forces may have contributed to the management change.
Read the full story in the management-change.com report 05.2017 ($).