FORT WASHINGTON, PA (March 14, 2023) – CMC Energy Services announced today that President & CEO Tina Bennett will step down at the end of the month after a four-year tenure where she was responsible for catapulting the company into becoming the largest women-owned energy service company in the country.
Bennett, who has more than 30 years of experience in the energy industry, helped CMC navigate through the economic upheaval caused by Covid and guided the company as it achieved several pivotal growth milestones.
“CMC’s Board of Directors is very grateful for Tina’s stewardship of the company during very difficult times for the country and our economy,” said Eileen McGinnis, CMC’s Chair of the Board. “During the pandemic, many CEOs decided to make deep cuts in their headcount. But, Tina cared deeply about keeping employees on the payroll so they could continue to take care of themselves and their families. She found a way to make it work and assured the Board that it was the right thing to do for employees and CMC.”
“We are so grateful to Tina for her many contributions to the company,” said Mimi Iklé-Khalsa, CMC’s primary owner. “Under her leadership, the company doubled in size, putting CMC on a national stage and allowing us to serve more households and businesses than ever before. Tina was steadfast in her commitment to CMC’s mission and for that I will always be grateful.”
Lisa Stotts, CMC’s Chief Financial Officer, will serve as the interim president and CEO while the Board of Directors conducts a search for a new leader. Since 2017, Lisa has served as CFO for CMC after a decades-long career as a CFO, Vice President of Finance and other leadership roles. In addition to driving strategic initiatives and managing the financial wellbeing of CMC, Lisa has overseen the human resources, customer care, IT and accounting departments during her tenure at CMC.