Primoris appoints Koti Vadlamudi as President and CEO effective Nov 10, 2025

Primoris Services Corp

Vadlamudi succeeds Interim CEO David King, who remains Chairman of the Board.
Vadlamudi receives $1M base salary, 120% target bonus, and $3M annual equity target.
Sign-on awards include $900k in restricted stock units (3-year vest) and $1.05M cash bonus (repayable if terminated within 1 year).
Severance for termination without cause: 200% base salary plus pro-rata bonus and 1 year of COBRA premiums.
Vadlamudi joins from Jacobs Solutions, where he was EVP of Operations with 30 years of experience.

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