Gibraltar Announces Planned Retirement in 2017 of Chief Financial Officer Kenneth W. Smith
November 07 2016 - 9:00AM
Business Wire
Executive Search Firm Retained to Identify
Successor
Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading
manufacturer and distributor of building products for industrial,
infrastructure, residential, and renewable energy and conservation
markets, today announced that Chief Financial Officer Kenneth W.
Smith intends to retire from the Company in 2017. Smith will remain
in his current role until his successor is named and has agreed to
assist with an orderly transition. Gibraltar has retained executive
search firm Crist/Kolder Associates to begin the recruitment
process to interview internal and identify external CFO
candidates.
“Ken has been a key player in Gibraltar’s transformation,
including our 80/20 efforts and the implementation of the Company’s
four-pillar strategy to drive best-in-class performance,” said
Chief Executive Officer Frank Heard. “With Ken’s strategic and
financial leadership, Gibraltar has delivered seven consecutive
quarters of solid financial performance since the announcement of
our new strategy, including the highly successful acquisition and
integration of Rough Brothers International (RBI). We thank Ken for
his eight years of integrity and commitment to Gibraltar and look
forward to working with him during the transition.”
“We have undergone very exciting and positive changes during the
past few years as a direct result of the extraordinary team here at
Gibraltar,” said Smith. “I look forward to working with the
Gibraltar management and employees during my remaining time at the
Company and to helping facilitate a seamless transition to my
successor.”
About Gibraltar
Gibraltar Industries is a leading manufacturer and distributor
of building products for industrial, infrastructure, residential,
and renewable energy and conservation markets. With a four-pillar
strategy focused on operational improvement, product innovation,
acquisitions and portfolio management, Gibraltar’s mission is to
drive best-in-class performance. Gibraltar serves customers
worldwide through facilities in the United States, Canada, Germany,
China, and Japan. Comprehensive information about Gibraltar can be
found on its website at www.gibraltar1.com.
Safe Harbor Statement
Information contained in this news release, other than
historical information, contains forward-looking statements and is
subject to a number of risk factors, uncertainties, and
assumptions. Risk factors that could affect these statements
include, but are not limited to, the following: the availability of
raw materials and the effects of changing raw material prices on
the Company’s results of operations; energy prices and usage;
changing demand for the Company’s products and services; changes in
the liquidity of the capital and credit markets; risks associated
with the integration and performance of acquisitions; and changes
in interest and tax rates. In addition, such forward-looking
statements could also be affected by general industry and market
conditions, as well as general economic and political conditions.
The Company undertakes no obligation to update any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as may be required by applicable law or
regulation.
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version on businesswire.com: http://www.businesswire.com/news/home/20161107005782/en/
Sharon Merrill AssociatesDora Gonzalez,
617-542-5300dgonzalez@investorrelations.com
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