Succession Plan defines a path forward for NRE
CLOVERDALE, VIRGINIA – Today, the New River Electrical Board of Directors announces the planned retirements of Robert B. Arritt, Jr., President and CEO of New River Electrical and Johnny E. Lanning, Sr. VP/Operations – Cloverdale, effective February 5, 2024. In light of their upcoming retirements the following appointments have been made:
Effective immediately, Ike Poe is promoted to Chief Operating Officer of New River Electrical. After graduating from Lincoln Memorial University with a degree in Business and an internship with New River Electrical in 2004, Mr. Poe joined NRE in July 2005 as an Estimating Assistant. Throughout the years, Poe worked his way through the ranks holding positions as an Estimator, Project Manager, Division Manager of Overhead Line, VP of Overhead Line, and Sr VP Operations – Westerville.
In addition to Ike Poe’s appointment, the following promotions were also announced effective May 2, 2022:
- Jacob G. Grice is promoted to Sr. VP Operations – Westerville, Director, and Trustee of New River Electrical
- Damien J. Phillips is promoted to VP Overhead Line
- Stephen R. Adkins is promoted to Division Manager, Substations – Westerville
Finally, with the impending retirement of Mr. Lanning, the Board of Directors will conduct an executive search to fill the Sr. VP of Operations – Cloverdale position.
In a statement, Robert Arritt, President/CEO of New River Electrical commented, “Today our Board of Directors continued to fulfill their fiduciary obligations to our company, our owners, fellow teammates, customers, and business associates. These decisions send a clear message to our stakeholders concerning the bright future of New River Electrical Corporation. We are thankful for the long-term service of our upcoming retirees, and we look forward to seeing the outcomes generated by our newly appointed and promoted leaders. We are fully confident New River Electrical will continue to ‘Set the Standard’”.