Underground Utility Company Announces New CEOPosted: Updated:
Indianapolis-based USIC LLC has named a new chief executive officer. Robert Tullman is moving into the position after serving in a similar role with a General Electric unit in Florida. Current USIC leader Michael Slayton is planning to retire at the end of the month. March 19, 2014
INDIANAPOLIS, IN – Robert M. (Rob) Tullman has been named President & CEO of USIC LLC (USIC), the largest underground utility and damage prevention company in North America. USIC’s current leader, Michael B. Stayton, will retire effective March 31, 2014. Stayton will continue to serve in a consulting role and as Chairman of USIC’s Board of Directors through May 2015.
Rob served as President & CEO of Granite Services, a GE subsidiary, headquartered in Tampa, FL since 2002. Granite is a leading services provider for rotating equipment in Power Generation and Oil & Gas with 6,000 employees in 90 countries. “Rob is superbly qualified to serve as the next leader of USIC to provide our customers superior service, and further the growth of the company,” Stayton said. “He understands how to take care of customers and diversify a business.”
“The opportunity to succeed Mike is an honor,” said Rob. “My career has prepared me well as I understand how to lead service businesses that must perform every day for customers while pursuing diversified business interests. Mike is an exceptional leader. I look forward to serving our customers and continuing the momentum that has been established at USIC.”
Rob earned his Bachelor of Chemical Engineering at the University of Delaware in 1985 and his MBA at Duke University in 2002. He was a Principal at a services company later sold to GE. Under Rob’s leadership, Granite grew from an $80M US business to a $600M diversified global energy services company. Rob’s prior experience includes Field Engineering in Power Generation, Industrial Sales with Nalco Chemical Company, and research in Photovoltaic technology.
“We are pleased to have Rob succeed Mike at USIC,” stated Tim Flynn of Leonard Green & Partners, L.P. (LGP), USIC’s majority owner, headquartered in Los Angeles. “Mike has done an extraordinary job growing USIC and providing industry leading results to customers. We are confident Rob will build on that legacy. LGP is pleased Mike will remain Chairman of the Board, where he will continue to add value to the Company.”
About USIC LLC
USIC is the largest underground utility locating and damage prevention company in North America.
Our 5,000 professionals protect the assets of over 700 utility and telecom companies in 31 states and Canada. The Company is headquartered in Indianapolis, IN. www.usicllc.com
About Leonard Green & Partners, L.P.
Leonard Green & Partners, L.P. (LGP) is one of the nation's preeminent private equity firms with over $15 billion of capital raised since inception. Founded in 1989, the firm has invested in 70 companies with aggregate value of $74 billion. Located in Los Angeles, CA, LGP invests in established companies that are leaders in their markets. www.leonardgreen.com
Source: USIC LLC