DIRTT ousts founder, ap­points new CEO

Calgary Herald - - CITY + REGION - STEVE JENK­IN­SON

Founder Mo­gens Smed is out at DIRTT En­vi­ron­men­tal So­lu­tions Ltd. fol­low­ing a bit­ter man­age­ment shakeup at the Cal­gary-based of­fice con­struc­tion com­pany, while a new CEO has been ap­pointed to the firm.

Smed, a well-known Cal­gary busi­ness­man, has served as ex­ec­u­tive chair­man at DIRTT since agree­ing to step down in Jan­uary as CEO as part of a con­tentious re­or­ga­ni­za­tion. In a terse state­ment is­sued Mon­day, the com­pany said Smed’s de­par­ture was ef­fec­tive im­me­di­ately.

“We ac­knowl­edge the enor­mous con­tri­bu­tion Mo­gens has made since found­ing DIRTT, and this was a very dif­fi­cult and care­fully con­sid­ered de­ci­sion by the board,” newly ap­pointed board chair­man Steve Parry stated.

“How­ever, Mo­gens has not ad­e­quately per­formed the agreed as­signed du­ties, re­quir­ing the board to align man­age­ment re­sources to be­gin build­ing a more col­lab­o­ra­tive, adapt­able and re­spon­sive team that cre­ates the abil­ity to suc­cess­fully scale the busi­ness.”

DIRTT, which spe­cial­izes in the de­sign and man­u­fac­tur­ing of pre­fab­ri­cated in­te­rior spa­ces, re­moved Smed from the CEO role and ousted pres­i­dent Scott Jenk­ins in Jan­uary. The moves were ques­tioned by share­hold­ers at a testy an­nual gen­eral meet­ing in June that Smed called “em­bar­rass­ing.”

Smed, 70, helped found DIRTT, or Do­ing It Right This Time, in 2004. The com­pany went pub­lic in 2013.

In a sep­a­rate re­lease Mon­day, the com­pany an­nounced the ap­point­ment of Kevin O’Meara as chief ex­ec­u­tive fol­low­ing an eight­month search. O’Meara is a co­founder of Dal­las-based Builders FirstSource, a man­u­fac­turer and dis­trib­u­tor of build­ing prod­ucts.

He suc­ceeds Michael Gold­stein, who joined DIRTT as in­terim CEO in Jan­uary and has now left the com­pany.

“Kevin’s ap­point­ment was the clear choice of every­one who par­tic­i­pated in the ex­ten­sive search process, in­clud­ing DIRTT’s board and se­nior man­age­ment,” Parry said.

Mo­gens Smed


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