Integrated Electrical Services, a national provider of electrical and communications contracting solutions for the commercial, industrial and residential markets, has named Terry Freeman as senior vice president (SVP) and chief financial officer (CFO). He will replace Randy Guba, who will remain with the company through a brief transition period.
Previously, from 1997 through 2005, Freeman was with Metals USA, a US$2.0bn metal service company that served original equipment manufacturers (OEMs), contractors and metal fabrication businesses, where he served in several senior financial roles, most recently as SVP and CFO. While at Metals USA, he re-organised the finance and accounting structure to improve controls, designed the IT strategy to enhance information retrieval and implemented a department of internal audit.
He was also one of the six executives who originally founded the company and, while serving as corporate controller and chief accounting officer (CAO), led the company’s acquisition efforts as well as capital markets financings, including an initial public offering (IPO) of the company’s common stock. Upon completion of a merger with an affiliate of Apollo Management in December 2005, he left Metals USA and since then has served as an independent business consultant.
From 1990 to 1997, Freeman held the positions of corporate controller and director of financial reporting at Maxxam, a diversified holding company with sales in excess of US$2.3bn. From 1980 to 1990, he served in senior audit positions at Arthur Andersen & Company and at Deloitte & Touche. Freeman received his BS in Accounting from the University of Houston at Clear Lake City.
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