Bill Lee, who has led the home services and facilities solutions company that bears his family's name since 1992, has stepped down as CEO at Lee Company.
Lee will remain as chairman with the CEO role going to Richard Perko, who has been the company's president since 2009.
During his tenure, Lee grew annual revenues at the 70-year-old company from $20 million to $140 million.
Perko began working for Lee Company in 1996, became vice president of construction in 2001 and executive VP in 2004.
“I am both humbled and honored to lead such a great group of people, over 950 employees who work together every day to continue to build a legacy and reputation of character and excellence that goes back over seventy years,” he said.
Perko said he has had a "great mentor" in Lee.
"I've had a great example to witness. I just try emulate his leadership and his love of his people," Perko said.
The transition at the top coincides — coincidentally, Perko said — with Lee Company's impending headquarters relocation to Berry Farms, where the company plans a 100,000-square-foot facility on seven acres.
Perko said the move was necessary as Lee doubled in size during the recession but wanted to wait until the economy recovered before building a new facility.
"This is the most exciting time in Lee Company history and my new job title is the least important part of that. We have great opportunities in all our groups," he said.