Mortgage Contracting Services (MCS), a residential and commercial property services provider, has announced that its CEO, Caroline Reaves (pictured), will step down from her role.
According to the company’s press release, Reaves is vacating the position to become chairwoman of the MCS board. Chief relationship officer Chad Mosley, who was promoted to president, will oversee daily operations, effective June 01.
“Chad and I have been working together on a transition plan for quite some time,” Reaves said. “Our primary focus has been on creating a smooth transition that ensures MCS will continue to deliver exceptional service to our clients. Chad will assume day-to-day responsibility for the company, and on July 1, 2021, I will officially retire and move up into the role of chairwoman of the board.”
MCS said that they are in the process of conducting an internal and external search for a CEO who will “lead MCS into the future by allowing us to focus on our core field services market while also quickly growing our adjacent markets.” This new structure, according to Reaves, will enable a specialized team to focus on more targeted development in the firm’s field services business.
“While I will certainly miss the daily involvement with the business, I am so looking forward to this next chapter in my life with family, faith and friends. Having the ability to focus on those things while continuing to be involved in the business provides me with the best of both worlds, both personally and professionally,” said Reaves.
“This is an exciting time for Caroline, and I want to thank her for all she has done for MCS, our clients and our team members,” Mosley said. “Her leadership has set a high standard, one we’re ready to follow.”