Engineering Economics Inc., a Lakewood-based facility systems consulting firm, is undergoing a major leadership transition as it positions itself for continued growth. Jeff Nichols has stepped down from his role as CEO/president and will take on the position of vice president of business development and strategic growth. Blake Hickok, previously the chief financial officer, has been appointed as the new CEO/president. Jeremy Wescoat, with nearly 30 years of industry experience, will join as the chief financial officer.
Nichols, who has successfully led the firm’s reorganization and rapid expansion, will focus on expanding EEI’s client base and enhancing performance services in his new role. “Stepping down as CEO is both humbling and energizing,” Nichols said. “I have full confidence in Blake’s leadership to take EEI into its next era.”
Under Nichols’ leadership, EEI has become a trusted partner for various facilities nationwide. In his new position, he will oversee national growth strategies, client acquisition and business development efforts. Hickok, who has previously served as both chief financial officer and chief operating officer, is committed to advancing EEI’s national presence while maintaining a strong employee ownership culture.
Wescoat’s extensive experience in finance and operations is expected to contribute to EEI’s continued growth and operational excellence. The management changes represent an evolution in EEI’s leadership structure while maintaining continuity with the principles that have guided the firm since its founding in 1984 as a 100% employee-owned company.