MasTec Inc. is a telecommunications company originally named Church and Tower before Jose Mas’ father, Jorge, took the company public in 1994. Jorge owned what used to be a struggling company. He turned it around, took it public as MasTec Inc. and made it the largest Hispanic-owned business in the United States at the time.
Jose Mas got his start in the company as a high school student. He worked on a construction crew digging ditches and got a chance to acquaint himself with the ground-level employees. This experience helped him to understand at an early age the effect that his family’s business made in the lives of its employees. As Mas progressed in the company, he served throughout all aspects of the business and gained exposure to its customers, products and services.
After becoming CEO in 2007, Mas faced a company that was underachieving. He established three goals aimed at challenging and improving his company. He wanted to diversify the company’s customer base, penetrate new markets with sustainable growth opportunities and improve profit margins.
What Mas also found when he became CEO was that the company’s revenue composition consisted of approximately 90 percent telecommunication installations and 10 percent utilities construction. Mas recognized that the company’s landline installation business was becoming out of date and would threaten the sustainability of the company.
He decided to reinvent the telecommunications division with an emphasis on wireless telecommunications to take advantage of the 3G and 4G craze. The company began to construct cell phone towers for companies like Verizon and AT&T and grew its wireless telecommunications revenue.
Albeit during the worst economic recession since the Great Depression, Mas has completely revamped his company’s business and improved its overall financial performance across industries. In just four years, the company has achieved his goals of diversification in service offerings and expansion into new markets. MasTec Inc. has earned the respect and trust of its 9,400 employees by providing them with a stable and profitable company.
HOW TO REACH: MasTec Inc., (305) 599-1800 or www.mastec.com
