May 5, 2022
Quanta Services Announces Planned Executive Transitions
Quanta Services, Inc. (NYSE: PWR) announced today that, effective as of July, 2022, Derrick Jensen will transition from his current role as Chief Financial Officer to the new role of Executive Vice President – Business Operations and Jayshree Desai will transition from her current role as Chief Corporate Development Officer to Chief Financial Officer (CFO).
These planned transitions, along with the previously announced appointment of Redgie Probst as Chief Operating Officer in January 2022, are designed to enhance and expand Quanta’s senior leadership team in alignment with the significant growth the company has experienced over the last several years and to lead the company’s future growth opportunities.
Duke Austin, Quanta’s President and Chief Executive Officer said, “I have worked closely with Derrick for over a decade and value his knowledge, strategic thinking, financial acumen and partnership. He has been at Quanta since its inception in 1997 and his new role will further leverage his extensive experience with the company to help me and operations leadership execute on our strategic initiatives as we continue to grow and capitalize on the tremendous opportunities ahead of us. Jayshree has been a great addition to the senior leadership team at Quanta and her financial and corporate development experience and strong operational depth in the energy and renewable energy industries make her the right person to lead Quanta’s financial team as CFO. I look forward to continuing to work closely with Derrick and Jayshree in their new roles.”
Derrick Jensen commented, “This is my 25th year at Quanta and my tenth year as CFO and we have accomplished a great deal during that time. As we look towards enhancing our solutions, expanding our operations and capitalizing on energy transition opportunities, we felt it was the right time for me to transition into this new role that leverages my knowledge of Quanta and positions me to further enhance the connection between operational and financial excellence. I am excited about this new opportunity and continuing to work with Duke, Jayshree, Redgie and the rest of the senior leadership team at Quanta as we enter, what I believe, is the most exciting time in Quanta’s history.”
Jayshree Desai added, “I am grateful for this opportunity and humbled by the confidence and trust that Duke, Derrick and the Board of Directors have in me. Quanta has a strong financial position and under Derrick’s leadership as CFO, the company has had remarkable growth and success. I look forward to building on that success and continuing to work with the rest of the Quanta senior leadership team to drive long-term value for our employees, customers and stockholders.”