JSI Appoints David Makuen as New CEO, Elevates Tasos Tsolakis to Chairman
Portfolio - People | Oct 31, 2024 | Stone Goff
Stone-Goff Partners, a private equity firm with a focus on technology-driven B2B services, has announced significant leadership changes at its portfolio company, John Staurulakis, LLC (JSI). David Makuen has been appointed as the new CEO, replacing Tasos Tsolakis who will take on the role of Chairman of the Board. Makuen brings a wealth of experience from his previous role as CEO of Citi Trends, with a strong commitment to customer-centric strategies and digital growth, well-aligned with JSI's focus on providing specialized consulting and engineering services to rural broadband operators. Tsolakis, who served as CEO since 2020, played a crucial role in the company's growth and transformation. In his new role, he will focus on continuing JSI's legacy of innovation, particularly through the development of technology solutions like Intelli-Fiber. JSI boasts a strong presence across 46 states and numerous US territories, firmly positioning itself for continued leadership in the broadband industry.
Sectors
- Private Equity
- Telecommunications
- Consulting Services
Geography
- United States – JSI, headquartered in Greenbelt, MD, operates across 46 states and various US territories, marking its significance in the US telecommunications sector.
Industry
- Private Equity – The article involves Stone-Goff Partners, a private equity firm, which is undertaking strategic leadership changes at its portfolio company.
- Telecommunications – JSI, the focus of the article, is a consulting and engineering service provider in the broadband telecommunications industry.
- Consulting Services – JSI offers a wide range of consulting services specializing in broadband solutions, which is a core subject of the article.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Stone-Goff Partners | Private Equity Firm | Company | A growth-oriented private equity firm focused on technology-driven business-to-business service companies. |
| David Makuen | New CEO of JSI | Person | Formerly CEO of Citi Trends, known for customer-centric and digital growth strategies. |
| Tasos Tsolakis | Chairman of JSI | Person | Former CEO of JSI with significant contributions to the company's growth and technology innovation. |
| John Staurulakis, LLC (JSI) | Target Company | Company | A leading provider of consulting and engineering services to rural broadband telecommunications operators. |
| Laurens Goff | Managing Partner at Stone-Goff Partners | Person | Involved in overseeing strategic decisions at Stone-Goff Partners. |
| Manny Staurulakis | Board Member at JSI | Person | Board member overseeing strategic transitions at JSI. |
| Leo Staurulakis | Board Member at JSI | Person | Board member engaged in strategic transitions at JSI. |