ArchKey Solutions Makes C-Suite Changes
Date Posted: July 6, 2023
Posted In: People,
From St. Louis Business Journal: ArchKey Solutions, the Fenton-based electrical and technology contracting company, said it made a number of leadership changes to support its long-term vision and growth.
Effective July 1, Clay Scharff exchanged his previous role as chief executive for the new role of executive chairman, officials said last week. Scharff, who joined ArchKey’s Sachs Electric unit in 1985 as an intern, became Sachs’ chief operating officer in 2000 and its president and CEO in 2002. Scharff became CEO of ArchKey when it was formed in 2018 as the parent company of Sachs and Minneapolis-based Parsons Electric, as well as later acquisitions.
Steve Stone, previously ArchKey’s senior vice president, succeeds Scharff as CEO.
The company also said that Pat Kriegshauser, who had been ArchKey’s chief financial officer, will transition to the role of executive vice president. Matt Lodes, previously senior vice president of finance, will succeed Kriegshauser as ArchKey’s CFO.
“We are pleased to announce these changes, and are excited to see ArchKey continue its growth under Steve, Matt and the rest of the ArchKey Executive Leadership Team’s guidance,” Scharff said in a press release. “These new roles are the culmination of our long-term succession planning efforts and position the business for long-term success.”
“We continue to execute on ArchKey’s strategic plan, focused on people, continuous improvement, and growth,” Stone said in a statement. “We continue to expand our service offerings and are well positioned to serve our customers anywhere there is a need while providing for all the families that count on ArchKey’s success.”