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In The News | August 29, 2023

Rosendin picks new CEO, CFO for succession plan

Two long-time company vets will enter the C-suite at the employee-owned electrical contractor, with another slotted to take over its West region.

San Jose, California-based electrical contractor Rosendin named Keith Douglas as its new CEO, effective in January, according to an Aug. 24 press release. Douglas will also join the firm’s board of directors.

In addition, the company named Matt Hisaka as its new CFO, also effective in the new year.

Douglas, an industry veteran with more than 30 years of experience, joined Rosendin as a division manager in 2012 to open the company’s mid-Atlantic operations as it expanded to the East Coast, according to the release. Most recently, Douglas was the chief operating officer of the company’s Eastern region and served on the executive leadership team.

Hisaka fills his new role following 12 years on Rosendin’s finance team. Most recently, Hisaka was vice president and chief accounting officer for the electrical contractor. Hisaka will lead initiatives to drive efficiency and support Rosendin’s employee stock ownership plan.

Following the transition, current CEO Mike Greenawalt will move to CEO emeritus after 21 years with Rosendin and 45 years in the electric industry. Current CFO Lorne Rundquist will become CFO emeritus following 36 years with the company. Both will remain on the executive leadership team through 2024 to ensure a smooth transition to the new leaders, according to the release.

Rosendin’s announcement comes as the contractor readies itself to take advantage of large projects that are cropping up across the country. The company recently expanded to Boise, Idaho, and cited rising tech demand as a large part of the expansion drive.

In addition, Rosendin announced that Angie Hart will be the company’s new executive vice president in its West region. Hart, a 33-year veteran of the company, most recently served as senior vice president, and was responsible for the growth of the company’s San Jose headquarters office.

“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 in the release.

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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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