Electrical Equipment Co. (EECO), (Raleigh, N.C.): Jack Lawson, the company's president and CEO since Jan. 2001, will retire on June 30. Mark Holmes, formerly senior vice president of sales, has been named president-elect and will assume the role of president and CEO at that time. Lawson's decision to retire will bring to a close a successful career spanning 33 years of continuous service to the company, its stockholders, and the electrical distribution community.
"Jack has provided EECO with strong and positive leadership during his 15 years as our company’s seventh CEO. He has led the company successfully through challenging times and significant market change. He has transformed the company into a modern, efficient organization and paved the way for years of solid growth," said Milton Gore, chairman of EECO’s board of directors. "The board is grateful for his service and his distinguished record as our CEO. His leadership, honed over 34 years of industry experience, will surely be missed."
"I've been privileged to lead EECO through some very exciting years as well as a few challenging ones," Lawson said. "But after more than 33 years with the company and fifteen years as its CEO, I’ve accumulated a long list of places I want to go and things I want to do. It’s time I started working on that list. EECO is in good health and our current leadership team is as strong as I could possibly hope for. It’s simply a great time for me to transfer EECO’s helm to that new generation of leadership. I look forward to working with the board and the management team during this transition period, and to serving on our board after my retirement."
Upon Lawson's recommendation, the board of directors has unanimously elected Mark Holmes president-elect in preparation for his moving into the company’s top spot on July 1. Holmes has a 25-year tenure at EECO. He joined EECO in 1990 as an automation specialist, having previously served as a project engineer for Weyerhaeuser.
Founded in 1926, EECO specializes in automation, motor and electrical usage needs. The company has a total of 355 associates and operates 15 branches from Virginia to Georgia.