Mark Hess has been appointed as the new CEO at ENGlobal Corporation. The company is an Engineering and Construction business with its head office in north Houston. It has a market capitalization of $142 million.
Mr. Hess replaces Bill Coskey, who is stepping down as CEO, effective March 12. Mr. Coskey co-founded the company in 1985 and has been the CEO on-and-off since that time. He will continue as the Chairman of the Board. The last person, other than Mr Coskey, to be in the CEO role, held it for just over two years between May 2010 and July 2012.
Mr. Hess joined the company in July 2011 as its Corporate Controller and was promoted to the CFO position in September 2012.
Replacing Mr. Hess as CFO is Darren Spriggs, the current Corporate Controller. He joined the company in June 2019. Prior to that, he served as the Director of Accounting for ABM Industries.
Roger Westerlind, the President of the company’s US subsidiary since December 2000, was also promoted to Company President.
No new compensation details were disclosed.