Dycom CEO Steven Nielsen to retire in November, Daniel Peyovich to succeed

Dycom Industries announced that after 25 years of service as CEO Steven Nielsen will retire on November 30, 2024. In preparation for his retirement, Mr. Nielsen worked closely with the Board of Directors on a comprehensive multi-year succession plan. As a result of that process, Daniel Peyovich, the Company’s Executive Vice President and COO, has been appointed the Company’s next CEO, effective upon Mr. Nielsen’s retirement. Nielsen remains CEO and Chair of the Board until his retirement, at which point he will step down as a director. Mr. Peyovich has also been appointed President of the Company, effective today, and he is expected to join the Board on November 30, 2024. Additionally, the Board has voted to designate Richard K. Sykes, Dycom’s current Lead Independent Director, as the Company’s next Chairman, with the appointment effective following Mr. Nielsen’s retirement.