MYR Group appoints Aurelie Richard to board of directors

THORNTON, Colo. - MYR Group Inc. (NASDAQ:MYRG), a $2.92 billion market cap electrical contracting company with annual revenues of $3.45 billion, has appointed Aurelie Richard to its Board of Directors, effective Tuesday, the company announced in a press release.

Richard will serve as a director and member of the Board’s Audit Committee. She currently holds the position of Chief Financial and Strategy Officer at S&C Electric Company, where she has developed expertise in energy management, electrical distribution systems, and industrial automation.

With over 30 years of experience in finance and management, Richard previously held leadership positions at Schneider Electric and Ernst & Young. She holds an undergraduate degree in accounting and finance, a CPA certification, and an MBA from EM Lyon Business School in France. Richard also has a certification in Science in Learning and Organizational Change from Northwestern University.

"Aurelie brings strategic and financial acumen, extensive industry experience, and a strong commitment to people development," said Kenneth M. Hartwick, Chair of the Board at MYR Group.

Richard was recognized as a Women MAKE Awards honoree by The Manufacturing Institute in 2024.

MYR Group operates through two business segments: Transmission & Distribution, which provides services for electric transmission networks and clean energy projects, and Commercial & Industrial, which handles installation and maintenance for facilities such as data centers, hospitals, and electric vehicle charging infrastructure.

In other recent news, MYR Group reported strong financial results for the second quarter of 2025, surpassing earnings expectations with an earnings per share (EPS) of $1.70, compared to the forecasted $1.52. The company also exceeded revenue forecasts, achieving $900 million against the expected $836.22 million. Stifel, a research firm, responded to these results by raising its price target for MYR Group to $210 from $204, citing the strength in the company’s Transmission & Distribution (T&D) segment. This segment saw an 11% year-over-year increase in revenue, with an estimated growth of over 25% when excluding solar headwinds. Meanwhile, Jefferies initiated coverage of MYR Group with a Hold rating and set a price target of $202. These developments highlight the company’s recent financial performance and analyst assessments.

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