PLEASANTON, Calif.,
Sept. 21, 2011 /PRNewswire/ --
Simpson Manufacturing Co., Inc. announced today that Tom Fitzmyers will be its new Chairman.
Fitzmyers has been with the company since 1978 and has led the
company in the role of CEO since the company went public in 1994.
Fitzmyers will be moving into the role of Chairman as Barclay Simpson, who founded the company more
than 50 years ago, moves to the position of Chairman Emeritus. "I
can't tell you how proud I am to have Tom
Fitzmyers step into the role of Chairman. Tom is largely
responsible for our success over the years and this move is more
than well-deserved. I have never been more excited about the future
of our company," said Simpson, who will continue to be a board
member and is the largest shareholder. Fitzmyers will assume
responsibility for investor relations.
The company also announced that Karen
Colonias will assume Fitzmyers' role as President and CEO of
Simpson Manufacturing Co., Inc. Colonias most recently held the
position of CFO. In her 27-year history with the company she has
held a number of positions including Engineering Manager, Vice
President – Engineering, and VP and Branch Manager of one of the
company's largest profit centers. Colonias has a degree in
Engineering, an MBA and has been personally responsible for
developing multiple new product innovations during her career. In
her role as CFO, Colonias played a significant part in the
development and execution of the company's strategic business plans
and directed the company's acquisition efforts. In her new role,
Colonias will lead the company as it continues its expansion beyond
residential construction products into the commercial building
products category.
Terry Kingsfather will continue
in his role as President and CEO of Simpson Strong-Tie Company,
Inc., the largest and most significant subsidiary of Simpson
Manufacturing Co., Inc. Kingsfather, who has been with the company
for 32 years and has held this role for the last five years, has
successfully led the company through some of the most challenging
times in the industry. Kingsfather will continue to lead the sales
and marketing efforts for Simpson Strong-Tie as the company
continues to place more emphasis on growing its product offering
and brand name worldwide.
Fitzmyers said, "Barclay, the board and I have a tremendous
amount of confidence in Karen and Terry and their vision for our
future. Their expertise, proven leadership and extraordinary
in-depth knowledge of our industry will continue to grow our
business and market share, and deliver value to our customers. This
is a very exciting day for our company."
All new positions will be effective as of January 1, 2012.
Simpson Manufacturing Co., Inc., headquartered in Pleasanton, California, through its
subsidiary, Simpson Strong-Tie Company Inc., designs, engineers and
is a leading manufacturer of wood-to-wood, wood-to-concrete and
wood-to-masonry connectors and fastening systems, stainless steel
fasteners and pre-fabricated shearwalls. Simpson Strong-Tie also
offers a full line of adhesives, mechanical anchors and powder
actuated tools for concrete, masonry and steel. The Company's
common stock trades on the New York Stock Exchange under the symbol
"SSD."
For further information, contact Barclay
Simpson at (925) 560-9032.
SOURCE Simpson Manufacturing Co., Inc.