New leader at CDI | Arkansas Blog

Thursday, January 8, 2009

New leader at CDI

Posted By on Thu, Jan 8, 2009 at 6:45 AM

Lloyd Garrison, who had been the firm's president, will succeed William Clark as CEO of CDI Contractors, the construction firm now wholly owned by Dillard's. Dillard's announced the selection in a news release last night.

Dillard's also indicated it intended to say in the construction business, not divest CDI.

NEWS RELEASE

Dillard's Inc. announced tonight that Lloyd Garrison has been named  CEO of Arkansas-based CDI Contractors.   Garrison has been employed with CDI since 1987, most recently serving as president, and has over  30 years of experience in the construction industry.

William Clark II, former CEO and son of founder William Clark, Sr., resigned to pursue other interests. All other CDI officers and members of the management team remain with CDI, Dillard's said in a press release.

Dillard's President Alex Dillard stated, "We have reluctantly accepted William's resignation and wish him the best in his future endeavors. We look forward to working with Lloyd and his team at CDI to pursue compelling projects and to grow the business."

Garrison stated, "Under the leadership of William Clark and his father, Bill, CDI has established a strong legacy of providing the   highest level of construction services available supported by the  strongest team in the industry. CDI will continue to provide our   clients with that exceptional level of service."

Additionally, Dillard's announced that it is no longer considering  strategic options with regard to its interest in CDI Contractors.   Dillard's recently paid $9.8 million for its remaining 50% stake in CDI.

 


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