Alabama-based Volkert Inc. has announced effective January 15, CEO and Chairman of the Board Perry Hand is stepping down as CEO. Hand has named President and COO Jerry Stump to be his successor.
“This transfer of leadership represents a well-thought-out succession plan that’s been five years in the making,” stated Hand.
Hand will remain Chairman of the Board, to support the CEO in corporate activities. He has held many different leadership positions at the firm since 1993, and has occupied the CEO position for the past seven years.
Hand hired Stump as COO nearly two years after taking over as CEO himself in 2011. The two men found that they had complementary strengths and together grew Volkert 15 percent each year for the last six years, taking it from a $77 million firm in 2011 to a $180 million firm today. In 2017, the firm also became one of the top 100 U.S. Engineering Firms according to Engineering News-Record’s.
Stump said he is “incredibly honored to receive this appointment from Perry Hand.”
“Perry has provided leadership, stability, and growth to Volkert through a quarter century of service. No incoming leader could ask for a better example and mentor,” he continued. “I’m excited about our firm’s direction as we continue to engineer the future of infrastructure and improve the communities we serve. In so doing, I’m privileged to work with some of the finest professionals in the industry.”
Hand said he can think of no one better than Stump to lead Volkert into its second century of business
“Jerry’s outstanding performance as President and Chief Operating Officer has helped our firm achieve growth that is virtually unprecedented in our industry,” added Hand. “In 2017 he received the Chairman’s Award, Volkert’s highest recognition of leadership. I can think of no one better suited to lead this firm into its second century of business than Jerry Stump.”
Volkert is a privately held company based in Mobile, Ala. Founded in 1925, it offers engineering, environmental consulting, program management, and construction services.