Aegion Corporation (“Aegion” or the “Company”) (Nasdaq Global Select Market: AEGN), a global leader in infrastructure protection and maintenance, today announced that Charles R. “Chuck” Gordon, a member of the Aegion Board of Directors since 2009, has been unanimously appointed by the Board to serve as Interim Chief Executive Officer. Mr. Gordon’s appointment follows the resignation of J. Joseph Burgess from his position of President and Chief Executive Officer and a member of the Company’s Board of Directors for personal reasons. In connection with this action, Mr. Burgess and the Company entered into a separation agreement and release. All actions are effective immediately.
“Chuck Gordon has been an active and valuable contributor to the Aegion Board since he joined in 2009,” said Alfred L. Woods, Chairman of the Board of Directors. “Chuck has a deep understanding of our business, operations and strategy, and an appreciation for the hard work and dedication of our employees. Chuck has significant expertise managing services to refineries and petrochemical plants, to the upstream shale regions, as well as in the global water and wastewater markets. His management experience includes his tenure as CEO of Siemens Water Technologies and President of USFilter’s Service and Products Division. We are confident his years of relevant industry and leadership experience will allow him to seamlessly take on the responsibilities of Interim CEO of Aegion, and look forward to his immediate contributions.”
“I look forward to working alongside the Aegion Board and leading the management team during this period of transition, and am confident that we are well positioned to build upon the Company’s strategy and positive momentum,” said Mr. Gordon.
The Company noted that the Board of Directors will initiate a formal search process to identify a permanent CEO. The Board will consider both internal and external candidates.Mr. Burgess said, “I want to thank the Board of Directors and everyone at Aegion for supporting me in this decision. Aegion is a strong company and is strategically well positioned. I am proud of all of Aegion’s employees who drive the performance of this company, and I am confident that Aegion will continue on its path of growth and success.”