Armstrong Flooring Announces Chief Financial Officer Transition
July 02 2020 - 7:00AM
Business Wire
Armstrong Flooring (NYSE: AFI) (“the Company”) today announced
the appointment of Gregory D. Waina, as interim chief financial
officer, effective June 29, 2020. Mr. Waina will have oversight of
global finance, treasury, investor relations and accounting
functions. The announcement comes after Armstrong Flooring and
Douglas B. Bingham mutually agreed to separate effective June 26,
2020. The Company will engage a nationally recognized firm to
undertake a comprehensive search to identify a permanent chief
financial officer.
Mr. Waina comes to Armstrong Flooring with extensive public
company experience and has served as interim CFO and advisor to
numerous C-suite leadership teams, boards of directors and private
equity firms on matters relating to operating strategies and
financial initiatives. Mr. Waina has a proven record of
successfully executing plans producing world-class productivity
gains, and he has advised on multiple business transformation
efforts at major brands, including The Wendy’s Company,
Hillenbrand, Inc., Red Roof Inn, Inc., DSW Shoe Warehouse, and
Express, Inc.
“Greg brings significant professional experience and we’re
pleased to have him join us and work with our finance team and
leadership at this important time of executive transition and the
ongoing evolution of our Company,” said Michel S. Vermette,
President and Chief Executive Officer. “His broad financial and
operational experience provides us with strong leadership and
expertise as we continue to execute on our business transformation.
I am confident he will provide great insight and perspective on our
finance, strategy, and execution for growth as we work to identify
and appoint a permanent CFO.”
Mr. Vermette continued, “We thank Doug for his contributions
over his many years with Armstrong Flooring and wish him the best
in his future endeavors.”
These changes are not the result of any matters relating to the
Company’s accounting practices or financial statements.
About Armstrong Flooring
Armstrong Flooring, Inc. (NYSE: AFI) is a global leader in the
design and manufacture of innovative flooring solutions that
inspire beauty wherever your life happens. Headquartered in
Lancaster, Pennsylvania, Armstrong Flooring is a leading
manufacturer of resilient products across North America. The
company safely and responsibly operates eight manufacturing
facilities globally, working to provide the highest levels of
service, quality and innovation to ensure it remains as strong and
vital as its 150-year heritage. Learn more
armstrongflooring.com.
Forward-Looking Statements
Disclosures in this release and in our other public documents
and comments contain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Those
statements provide our future expectations or forecasts and can be
identified by our use of words such as “anticipate,” “estimate,”
“expect,” “project,” “intend,” “plan,” “believe,” “outlook,”
“target,” “predict,” “may,” “will,” “would,” “could,” “should,”
“seek,” and other words or phrases of similar meaning in connection
with any discussion of future operating or financial performance.
Forward-looking statements, by their nature, address matters that
are uncertain and involve risks because they relate to events and
depend on circumstances that may or may not occur in the future. As
a result, our actual results may differ materially from our
expected results and from those expressed in our forward-looking
statements. A more detailed discussion of the risks and
uncertainties that could cause our actual results to differ
materially from those projected, anticipated or implied is included
in our reports filed with the U.S. Securities and Exchange
Commission. Forward-looking statements speak only as of the date
they are made. We undertake no obligation to update any
forward-looking statements beyond what is required under applicable
securities law.
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version on businesswire.com: https://www.businesswire.com/news/home/20200702005062/en/
Investors: Gregory D. Waina Interim Chief Financial Officer
ir@armstrongflooring.com
Media: Alison van Harskamp Director, Corporate Communications
aficorporatecommunications@armstrongflooring.com
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