Bowman Consulting Group Ltd. (NASDAQ: BWMN) announced that founder and chief executive officer Gary Bowman will retire as CEO and resign from the board later in 2026, after delivering a notice of non‑renewal on February 12, 2026. His employment agreement expires on December 31, 2026, and the company confirmed that he will remain with Bowman as a senior advisor to support the transition.
Bowman’s departure will be managed through an internal succession plan that the board has already begun to execute. The company is conducting a formal search for both internal and external candidates, and the board has indicated that a successor will be appointed once the search is complete. Bowman will continue to provide strategic guidance in his senior‑advisor capacity during the transition period.
Since its 2021 IPO, Bowman Consulting has grown more than threefold, completing over 35 acquisitions and expanding its footprint across the United States. The firm has repositioned itself toward power infrastructure and data‑center services, sectors that now account for a growing share of its revenue. The company’s backlog has expanded, and it ranks #72 on Engineering News‑Record’s Top 500 Design Firms list, underscoring its strengthened market position.
To preserve momentum, Bowman has amended the employment agreements of chief financial officer Bruce Labovitz and chief operating officer Daniel Swayze. The amendments include retention bonuses and equity awards designed to keep key leadership talent focused on the company’s growth strategy during the transition.
"Few founders have the opportunity to lead their companies through the level of growth and transformation Bowman has achieved. He has built not only a national engineering platform, but a culture grounded in discipline, accountability and long‑term value creation," said Jim Laurito, chairman of the board. "Leading this company has been one of the most rewarding experiences of my life. I'm proud of the team we've built and the culture we've established together," Bowman said. "I have full confidence that in this leadership succession process the board will select a new CEO with the same discipline, culture and values that built this company. In the interim, we will continue to focus on organic growth, expanding our national presence, and introducing innovations that position Bowman to deliver even greater impact for employees, shareholders and customers."
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