Frank MacInnis plans to retire next January as CEO of Emcor Group Inc., with current company president Tony Guzzi slated to fill his shoes.
Emcor maintains facility mechanical and electrical systems on an outsourced basis for property owners and is among the larger publicly held companies based in Fairfield County with its headquarters in Norwalk. In the first quarter, Emcor earned $21.8 million on $1.2 billion in revenue.
MacInnis, 63, has led Emcor for 16 years. He plans to remain chairman of the company”™s board of directors.
Before joining Emcor in 2004, Guzzi was president of the North American distribution and aftermarket division of Carrier Corp., a Farmington-based subsidiary of United Technologies Corp. Guzzi is also a director of Hubbell International Inc., which is in the process of moving its headquarters from Orange to Shelton.
“Under Frank”™s 16-year leadership, Emcor has grown from a group of specialty contracting subsidiary companies with revenues in 1994 of $1.8 billion ”¦ (into) a Fortune 500 company,” said Stephen Bershad, an Emcor director and former CEO of Axsys Technologies, in a prepared statement. “Tony ”¦ has been instrumental in driving the company”™s successful effort to diversify its revenue and profit base, and to enable it to prosper across economic cycles, as evidenced by the company”™s excellent performance in the recent recession.”
