Qualus Corporation, a leading pure-play power services firm and innovator at the forefront of the energy transition, announced the appointment of Greg Herasymuik as President and Chief Executive Officer (“CEO”), as a part of a planned leadership succession. As CEO, Herasymuik succeeds Dr. Hisham Mahmoud who has served in the role of Chairman and CEO since January 2022 and will continue to serve as Chairman of the Board. Backed by New Mountain Capital (“New Mountain”), a leading growth-oriented investment firm with nearly $55 billion in assets under management, and under Dr. Mahmoud’s leadership, Qualus experienced significant transformation and growth, expanding its market leadership position, resources, and differentiated capabilities to provide comprehensive, end-to-end technology and engineering solutions in support of grid modernization, resiliency, security, and sustainability.
In addition to his role with Qualus, Dr. Mahmoud serves a Senior Advisor to New Mountain, where he plays a key role in shaping and supporting their infrastructure services industry strategy, as Chairman of the Board of Cumming Group (“Cumming”), a leading pure-play international project management and cost consulting firm, and as Chairman of the Board of Consor Engineers (“Consor”), a leading North American transportation and water infrastructure engineering and consulting firm. Both Cumming and Consor are also backed by New Mountain.
Herasymuik has over 30 years of experience in the infrastructure engineering and consulting industry, with a strong track record of leading large, diverse businesses serving a broad range of infrastructure market sectors, including power. He joins Qualus from WSP where he served as Executive Vice President, leading a business with over $1 billion in annual revenue and more than 5,000 professionals providing consulting, engineering, field, and construction services. Prior to this role, he served as the President of the Canadian division of Golder, which was acquired by WSP.
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“Qualus’ impressive transformation is underpinned by an insightful strategy and a strong partner-led operating model and ownership culture which Hisham has successfully built throughout his impressive leadership career,” said Lars Johansson and Joe Walker, Managing Directors at New Mountain. “Greg is an accomplished strategist, with a consistent track record of success leading and scaling businesses and is well suited to lead Qualus on the next phase of its growth journey.”
“I have had the pleasure of working with Greg when I served as the Global President and CEO of Golder. He is a skilled, thoughtful, and compassionate leader who recognizes the importance of building a resilient, empowering, and supportive company culture,” said Dr. Mahmoud. “I am extremely proud of our talented leadership team and what we have accomplished together and look forward to supporting Greg and the team as we continue to expand Qualus’ market leadership position.”
“I am excited to join Qualus and once again partner with Hisham and New Mountain,” said Herasymuik. “Qualus is well positioned for continued significant growth and I am honored to join the ranks of its impressive leadership team as we shape its future.”
SOURCE: Qualus