KLAMATH FALLS, OR--(Marketwire - Sep 17, 2012) - JELD-WEN announced today that Neil Stuart has resigned as the company's Executive Vice-President and Chief Financial Officer effective September 28, 2012. JELD-WEN expects to name a successor shortly.
"I am pleased that Neil has agreed to stay engaged with JELD-WEN through October and to devote as much time as necessary to ensure a smooth transition," stated JELD-WEN President Philip Orsino. "At the same time, I am confident in the ability of our strong finance team to continue the many improvement initiatives underway."
As CFO since 2009, Mr. Stuart has played a key role at the company during one of the most challenging times the building industry has faced. He has led significant change in the company and helped position it to grow and prosper, including his efforts in the successful recapitalization involving the equity investment by Onex Corporation (TSX: OCX) in 2011.
"On behalf of JELD-WEN employees worldwide, I would like to thank Mr. Stuart for his many contributions and wish him well in his next endeavor," stated Mr. Orsino.
JELD-WEN is one of the world's leading manufacturers of reliable windows and doors. JELD-WEN began in 1960 and today has approximately 20,000 employees across more than 100 locations in the Americas, Europe, Asia and Australia. The company's extensive product offering encompasses windows, exterior doors, interior doors and related building products that are sold globally through multiple distribution channels, including retail home centers, wholesale distributors and building products dealers. JELD-WEN has been an ENERGY STAR Partner since 1998. For more information on JELD-WEN, visit www.jeld-wen.com.