Quanex Building Products Announces Changes to the Board of Directors
November 02 2021 - 4:15PM
Quanex Building Products Corporation (NYSE: NX) (“Quanex” or the
“Company”) today announced the appointment of Jason D. Lippert, age
49, to its Board of Directors (the “Board”) effective
immediately. The Company also announced that William C.
Griffiths, age 70, will retire as Executive Chairman of the Board,
effective February 21, 2022, but plans to continue serving as
Non-Executive Chairman of the Board. In addition, Joseph D.
Rupp, age 71, plans to retire as a Director at the end of his
current term and not stand for re-election.
George Wilson, President and Chief Executive
Officer, stated, “Jason’s leadership skills combined with his
manufacturing and operations expertise will add value to our Board,
which will ultimately benefit shareholders. We are pleased to
have Jason join our Board and look forward to his tenure.
Furthermore, we are also delighted that Bill plans to continue
serving as Non-Executive Chairman. Bill’s leadership and
strategic vision will continue to add value to the Board and to
Quanex in general. I would also be remiss not to thank Joe
for his many contributions over the years.”
Bill Griffiths, Executive Chairman, commented,
“Jason has a proven track record of transforming businesses and
delivering results that create value for shareholders. I’m
confident his addition to the Board will prove beneficial over time
and I look forward to working with him and the other Board members
as Non-Executive Chairman. Moreover, Joe has served this
Board well over many years so it goes without saying that his
strong leadership and industry expertise will be missed, but we
wish him well in retirement.”
Mr. Lippert became Chief Executive Officer of
LCI Industries (NYSE: LCII) in May 2013, was also appointed
President of the Company in May 2019, and has been Chief Executive
Officer of Lippert Components since February 2003. Mr. Lippert
has over 25 years of experience with LCI and its subsidiaries,
beginning his career with the company as a Management Trainee and
subsequently serving in a wide range of leadership positions since
that time. Mr. Lippert earned a Bachelor of Science in
Business Administration, Accounting & Business Management from
Miami University in Oxford, Ohio.
About Quanex
Quanex Building Products Corporation is an
industry-leading manufacturer of components sold to Original
Equipment Manufacturers (OEMs) in the building products
industry. Quanex designs and produces energy-efficient
fenestration products in addition to kitchen and bath cabinet
components.
Scott Zuehlke
SVP, Chief Financial Officer & Treasurer
713-877-5327
scott.zuehlke@quanex.com
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