Sign in

Earl C. (Duke) Austin, Jr.

President, CEO, and Principal Operating Officer at QUANTA SERVICES
Board
Since March 2016
Age
54 years
Education
Holds a Bachelor of Arts degree in Business Management.
Tenure
Joined the company in 2001 as President of North Houston Pole Line, L.P., later serving as President, then CEO since March 2016, and assumed the additional role of Principal Operating Officer on December 31, 2024.

Also at QUANTA SERVICES

DAJ
Derrick A. Jensen
Executive Vice President – Business Administration
DCW
Donald C. Wayne
Executive Vice President and General Counsel
DCU
Dorothy C. Upperman
Vice President – Tax

About

Earl C. (Duke) Austin, Jr. has been a significant leader at Quanta Services, Inc. with over 30 years of industry experience. He began his career at the company in 2001 when he served as President of North Houston Pole Line, L.P., demonstrating his early commitment and strategic insight.

Over the years, he held multiple roles at the company, including President of the Oil and Gas Division and later President of the Electric Power Division and Oil and Gas Division. His progressive promotions culminated in his appointment as Chief Operating Officer in January 2013, underscoring his operational expertise and leadership capabilities.

Since March 2016, he has led the company as President and CEO, and on December 31, 2024, he assumed the additional role of Principal Operating Officer. His broad responsibilities at Quanta Services are complemented by his service as the chairman of the Texas State University System Board of Regents and a directorship at the Southwest Line Chapter of the National Electrical Contractors Association, reflecting his extensive commitment both within and beyond the organization.

$PWR Performance Under Earl C. (Duke) Austin, Jr.

Past Roles

OrganizationRoleDate RangeDetails
Quanta Services, Inc. (PWR) Chief Operating Officer January 2013 - January 2022 Held until promotion to President, CEO, and Principal Operating Officer
Quanta Services, Inc. (PWR) President, Electric Power Division & Oil and Gas Division May 2011 - December 2012 Oversaw power and pipeline operations beginning January 2011
Quanta Services, Inc. (PWR) President, Oil and Gas Division October 2009 - May 2011 Focused on oil and gas operations
North Houston Pole Line, L.P. President 2001 - September 2009 Held before joining Quanta Services as a specialized contractor role

External Roles

OrganizationRoleDate RangeDetails
Texas State University System Board of Regents Chairman Current Serving as the board chair at a state educational system
National Electrical Contractors Association - Southwest Line Chapter Director Current Active leadership role in the regional chapter

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Salary$1,287,500 AnnualBase annual salary
401(k) Matching Contribution$14,850 As specifiedPart of All Other Compensation
Corporate Aircraft Usage (Perquisites Policy Items)$208,533 As specifiedCompensation for corporate aircraft usage
Company Contributions to NQDC Plan$48,563 As specifiedContributions to Nonqualified Deferred Compensation
Other$49,384 As specifiedAdditional fixed compensation components

Performance Compensation

Data from  FY 2023

PSUs

Metric (Unit)ValueComments
Grant DateMarch 9, 2023 Award initiation date
Grant Date Fair Value$7,575,569 Valuation via Monte Carlo for TSR-based awards
Performance MetricsAdjusted EBITDA & TSRCompared to S&P MidCap 400 performance
Threshold Award43,413 PSUs Minimum performance level
Target Award86,826 PSUs Expected performance level
Maximum Award173,652 PSUs 200% of target
Vesting Schedule3-year period (2023–2025) Vests at end of performance period, subject to continued service

RSUs

Metric (Unit)ValueComments
Grant DateMarch 9, 2023 Award initiation date
Grant Date Fair Value$2,987,033 Based on closing stock price
Vesting Schedule6,202 units on Mar 9, 2024; 6,202 units on Mar 9, 2025; 6,201 units on Mar 9, 2026 Vest in equal installments

Non-Equity Incentive Compensation

Metric (Unit)ValueComments
Performance MetricAdjusted EBITDA (60% weight); Safety ImprovementMetrics include year-over-year safety improvements
Target Payout$1,950,000 150% of base salary
Maximum Payout$3,900,000 200% of target
Overall Achievement125.8% Achievement percentage based on performance
Payout Earned$2,453,100 Actual cash compensation earned at fiscal year-end