The Davey Tree Expert Company announced today that, after a 46-year career as an accounting and financial professional, Nicholas R. Sucic, Vice President and Controller, has informed the Company of his decision to retire from the Company effective December 31, 2016.
In connection with his retirement, Mr. Sucic has stepped-down as the principal accounting officer effective as of September 16, 2016. Mr. Sucic will remain employed with the Company as Senior Vice President, Accounting and Finance, assisting with the planned transition of his responsibilities and as succession advisor until his planned retirement date.
“Nick Sucic has served Davey Tree with distinction over the last 15 years and has made valuable contributions to the Company, including financial and managerial reporting, designing and implementing internal controls, and acquisition activities. The Company had benefited significantly from Nick’s financial expertise, business knowledge of our employee-owned company and commitment to the development of talent,” said Karl Warnke, Davey Tree Chairman and CEO.
“I am also pleased to announce that Thea Sears will be our next Controller. Thea’s promotion is a testament to Davey Tree’s commitment to building a strong and deeply-talented accounting and financial reporting team,” Warnke said. “She is ideally suited for her new role.”
As Assistant Controller, Ms. Sears has played a key leadership role in the development of processes and systems. In her role as Controller, she will lead all aspects of accounting and financial reporting and strong internal controls over financial reporting, and provide accountability for accounting and financial leadership across the Company. Davey Tree is the 13th largest employee-owned company in the U.S. and the largest in Ohio.
Thea R. Sears, an executive officer of the Company, was elected Assistant Controller in May 2010, and previously served as Manager of Financial Accounting, having been appointed in April 1998. Prior to that time, she served as Supervisor of Financial Accounting, having been appointed in September 1995. During her tenure with Davey Tree, Ms. Sears’ responsibilities have included a variety of roles in financial reporting, managerial reporting and operations accounting. Ms. Sears joined the Company in 1993. She is a certified public accountant.
The Davey Tree Expert Company’s more than 8,600 employees provide tree care, grounds maintenance and environmental consulting services for the residential, utility, commercial and government markets throughout the U.S. and Canada. Davey has provided Proven Solutions for a Growing World since 1880 and has been employee-owned for 37 years. For more information, visit www.davey.com.