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Primoris Services Corporation Announces Leadership Changes

1. David King is named Interim CEO of Primoris Services Corporation. 2. Tom McCormick will separate from the company on March 20, 2025.

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FAQ

Why Neutral?

Leadership changes can create uncertainty, but an interim CEO from within is often stabilizing. Historically, companies maintain performance during transitional leadership if investor confidence is upheld.

How important is it?

CEO changes typically affect market perceptions and company strategy, leading to possible volatility in stock performance. The interim appointment may bring some investor anxiety, yet it can also reflect adaptability.

Why Short Term?

Immediate confidence may be influenced by the new interim CEO, but long-term stability will depend on the permanent appointment. Temporary leadership can disrupt operations or strategy, impacting market perception.

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TTEKFLRCAMP
DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced that David King, Chairman and our prior Chief Executive Officer, has been named Interim President and Chief Executive Officer. David will succeed Tom McCormick, who will be separating from the Company effective March 20, 2025. The Board is conducting a search process to identify a permanent CEO, which will include internal and external candidates. In addition, the Company announced.

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