161 160 Growth Rings
Enjoying Continued Success
Pat Covey assumed the CEO role as part of Davey's executive succession plan after
Karl Warnke's retirement from CEO in 2017 to serve as chairman of the board of
directors. Warnke would ultimately retire as chairman in 2020, at which time Covey
assumed responsibility as chairman of the board.
at move would coincide with another top-level management change, as the
company prepared to wrap up its Vision 20/20 Strategic Plan and launch the newest
iteration of its chief governing document, Vision 2030.
When Vision 20/20 launched in 2012, it established a series of goals fundamental
to the success of the company, including ensuring the longevity of employee owner-
ship; maintaining a conservative fiscal approach; expanding all services; continuing
selective merger and acquisition activity; and fulfilling the company's vision and
mission. But the most memorable goal of Vision 20/20 proved to be reaching
$1 billion in total annual revenue by 2020 – a goal set when the company had recorded
$646 million in total annual revenue for 2011.
Davey employees celebrated achieving that milestone two years early in 2018,
when the company reached $1.024 billion in total annual revenue.
A Future Focused on Employees
(2017–2019)
11
Davey employees work on the TECO Energy
account in Tampa, Florida in 2019.
Chapter 11
