Willdan Says Tom Brisbin Notified Intention To Retire As CEO, Effective December 29, 2023, Will Retain His Role As Chairman; Mike Bieber To Succeed As CEO
Portfolio Pulse from Benzinga Newsdesk
Willdan Group, Inc. announced that CEO Tom Brisbin will retire on December 29, 2023, but will continue as Chairman. Mike Bieber will take over as CEO and join the Board on December 30, 2023. Additionally, CFO Kim Early and General Counsel Micah Chen will be promoted to Executive Vice Presidents on the same date.
December 12, 2023 | 9:43 pm
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Willdan Group CEO Tom Brisbin is retiring, with Mike Bieber succeeding him. CFO and General Counsel are also being promoted to Executive VPs.
CEO transitions can lead to uncertainty, but as the outgoing CEO remains Chairman, continuity is expected. Promotions within suggest stability, which may neutralize market reactions in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100