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Posted 14 February, 2023

ENGLOBAL CORP appointed new CEO

CEO Change detected for ticker Nasdaq:ENG in a 8-K filed on 14 February, 2023.


  On February 7, 2023, Mark A. Hess, the Chief Executive Officer of ENGlobal Corporation (the "Company"), notified the Board of Directors (the "Board") that, effective February 10, 2023, he would resign from his officer positions with the Company and its subsidiaries.  

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Overview of ENGLOBAL CORP
Business/Consumer Services • Technical Services
ENGlobal Corp. engages in the provision of engineered modular solutions to the energy industry. It operates through the following segments: Commercial, Government, and Others. The Government segment include services related to the engineering, design, installation, and maintenance of automated fuel handling and tank gauging systems for the U.S. military across the globe. The Commercial segment relates to renewables, automation, and oil, gas, and petrochemical groups. The company was founded by William A. Coskey in 1985 and is headquartered in Houston, TX.
Market Cap
$9.99M
View Company Details
ENGLOBAL CORP by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


On February 7, 2023, Mark A. Hess, the Chief Executive Officer of ENGlobal Corporation (the "Company"), notified the Board of Directors (the "Board") that, effective February 10, 2023, he would resign from his officer positions with the Company and its subsidiaries. Mr. Hess will continue with the Company in his present role as a Director on the Board. Mr. Hess is available in an advisory capacity for a period of time, and when engaged in such capacity, will be compensated at a rate equal to one-half his previous salary.


On February 7, 2023, the Board appointed William A. Coskey, P.E., the Company's Chairman of the Board, as the Company's Executive Chairman effective February 7, 2023.


Mr. Coskey, age 70, founded ENGlobal in 1985 and has served in various positions, including service as Chairman of the Board since June 2005 and as President and Chief Executive Officer from August 2012 until his retirement in March 2021. From April 2007 until May 2010, he served as Chief Executive Officer. Prior to that, he served as Chairman of the Board, Chief Executive Officer and President from 1985 until 2001, Chief Operating Officer from 2001 to 2003, and President from 2001 to June 2005. Mr. Coskey, an honors graduate, received a Bachelor of Science in Electrical Engineering from Texas A&M University in 1975 and is a Registered Professional Engineer. He served on the Texas A&M University Electrical Engineering Department Advisory Council from 1999 to 2014, and from 2006 until 2014, he served as Chairman of the Council. Mr. Coskey received the 2014 Outstanding Alumni Honor Award from the Texas A&M University College of Engineering. In 2014, Mr. Coskey was also appointed to the Texas A&M College of Engineering Advisory Council. 


There are no arrangements or understandings between Mr. Coskey and any other person pursuant to which he was selected as an officer of the Company. There are no family relationships between Mr. Coskey and any director or executive officer of the Company, and Mr. Coskey has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.