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In The News | August 24, 2023

Rosendin Announces Executive Leadership Succession in 2024

Rosendin announces new succession to the Executive Leadership Team upon the 2025 retirement of two longstanding executives.

Rosendin, the nation’s largest employee-owned electrical contracting company, announces new succession to the Executive Leadership Team upon the 2025 retirement of two longstanding executives. Beginning in January 2024, Keith Douglas will assume the role of Chief Executive Officer and join the Board of Directors as Mike Greenawalt transitions to CEO Emeritus. Matt Hisaka will be named Chief Financial Officer as Lorne Rundquist transitions to CFO Emeritus. The company is also announcing the new Executive Vice President West Region, Angie Hart.

“The electrical contracting industry has undergone rapid transformation, and Rosendin’s Executive Leadership Team has been instrumental to ensuring our company and people are at the forefront of change,” said Mike Greenawalt, Rosendin CEO. “Keith Douglas will be leading the charge to prepare for the next evolution in construction, and I am proud to pass the torch to such a talented and respected leader.”

With over 30 years of experience, Douglas joined Rosendin as a Division Manager in 2012 to open the Mid-Atlantic operations as the Company expanded its national footprint into the East. Under his leadership, operations in the region quickly grew as Rosendin became one of the largest electrical contractors on the East Coast. Beginning in 2020, Douglas became the Chief Operating Officer of the Eastern Region, serving on the Executive Leadership Team. Over the next four years, he oversaw and grew operations at nine regional offices within Arizona, Nevada, Texas, Tennessee, North Carolina, Virginia, and Maryland.

Matt Hisaka, CFO

Hisaka will join the Executive Leadership Team after 12 years in Rosendin’s finance team, serving most recently as Vice President and Chief Accounting Officer. In his new role, Hisaka will lead initiatives to drive efficiency and support Rosendin’s Employee Stock Ownership Plan. He will also continue as a Board Member for The Rosendin Foundation, which he helped launch to support nonprofits nationwide.

Angie Hart, EVP West Region

Hart has been with Rosendin for 33 years, serving most recently as Senior Vice President. She has grown the Company’s market reach and reputation as a top workplace in San Jose. Her career at Rosendin began in 1990 when she took a job as a receptionist and carved her path to leadership, mentoring, and inspiring women throughout the construction industry. In 2022, the Silicon Valley Business Journal honored Hart as a Woman of Influence.

After collectively serving 57 years at Rosendin, Mike Greenawalt, CEO, and Lorne Rundquist, CFO, will retire in January 2025. Greenawalt and Rundquist will remain on the Executive Leadership Team through 2024, serving in Emeritus positions to ensure a smooth transition to the new leaders.

Greenawalt will retire as CEO following a 21-year career at Rosendin and a 45-year career in the electrical industry. He started as an electrical apprentice and joined Rosendin in 2002 as a Division Manager in the Arizona Office, to then Vice President of Operations. He became a servant leader who embraced technology, amplified Rosendin’s safety culture, and initiated cultural shifts to promote diversity, equity, and inclusiveness. Among his achievements, Greenawalt helped champion the development of a pre-apprenticeship program with Grand Canyon University, launched The Rosendin Foundation nonprofit, and successfully navigated the Company through the coronavirus pandemic.

Rundquist will retire as CFO after more than 36 years of service at Rosendin. He became the Vice President of Finance in 1992, later earning the title of CFO. Rundquist worked directly with the Rosendin family (Ray and Lou) to establish Rosendin’s ESOP in 1993. He later led the deal to complete the purchase of the Company from the Rosendin family, making the ESOP fully employee-owned in 2000, helping to create the platform that will continue to support the next generation of employee-owners. In addition, Rundquist has been a strategic partner and industry leader throughout his tenure, and his steady financial guidance has supported Rosendin’s growth to the nearly $3B company it is today.

“Thanks to the dedication and focus of Rosendin’s Executive Leadership Team and leaders throughout our organization like Mike Greenawalt and Lorne Rundquist, we have retained our high standards and emerged from the pandemic stronger and well-positioned for a new chapter of innovation,” said Keith Douglas, incoming CEO. “I am proud of the work we have done and look forward to adopting new ideas and technologies that have the potential to change the industry fundamentally.”

About Rosendin

Headquartered in San Jose, Calif., Rosendin is employee-owned and one of the largest electrical contractors in the United States, employing over 7,500 people, with revenues averaging $2 billion. Established in 1919, Rosendin remains proud of our more than 100 years of building quality electrical and communications installations and value for our clients but, most importantly, for building people within our company and our communities. Our customers lead some of the most complex construction projects in history and rely on us for our knowledge, our ability to scale, and our dedication to quality. At Rosendin, we work to ensure that everyone has the opportunity to reach their full potential by building a culture that is diverse, safe, welcoming, and inclusive.

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