NEW YORK–(Small business WIRE)–Griffon Company (“Griffon” or the “Company”) (NYSE:GFF) nowadays announced today that Steven M. Lynch, President of Griffon’s subsidiary Clopay Company (“Clopay”), will retire productive end of the fiscal yr 2021. Victor L. “Vic” Weldon, now Chief Functioning Officer of Clopay, will triumph Mr. Lynch.
Mr. Lynch, a building products field veteran, joined Clopay in 2001 and has served as President for the earlier twelve years. During his tenure as President, Mr. Lynch navigated Clopay by means of the financial and housing crisis of 2009, consolidated and optimized operations, reset the merchandise portfolio, and invested in Clopay’s facilities, products, merchandise, systems, people today and lifestyle. Most recently, Mr. Lynch led the acquisition and integration of CornellCookson, further more growing Clopay’s products and customer portfolios. Mr. Lynch claimed, “It has been an honor and privilege to guide Clopay’s incredible group of above 2,700 associates as we have labored together in partnership with our customers, bringing excellent products and products and services to our marketplaces. Griffon’s support of Clopay has been unwavering, and I take pleasure in the have faith in and self-assurance that was put in me to execute on our strategic initiatives.” Mr. Lynch will continue to be with the corporation in a consulting capability.
Ronald J. Kramer, Griffon’s Main Government Officer, mentioned, “Steve Lynch and his crew have reimagined, rebuilt and expanded the Clopay company in excess of the past twelve a long time. Less than his management, Clopay has attained its success with excellent teamwork and determination to shopper partnership. As part of the company’s succession setting up, Steve has crafted and formulated a solid leadership staff that will keep on to execute and make on the company’s tactics.”
Successful with Mr. Lynch’s retirement, Vic Weldon will be appointed President of Clopay. Mr. Weldon has been with Clopay for 20 many years, obtaining held management roles in source chain, logistics, profits and functions, and has been serving as Chief Functioning Officer of Clopay since 2019.
Robert Mehmel, Griffon’s Chief Running Officer, commented, “Vic Weldon has been instrumental in making Clopay the company it is now and is the excellent prospect to assume the position of President. Vic delivers a prosperity of corporation, client and business knowledge to the part and is uniquely prepared to direct Clopay. We would like Steve properly in his retirement and glimpse ahead to Clopay’s ongoing good results beneath Vic’s leadership.”
About Griffon Company
Griffon is a diversified management and keeping business that conducts enterprise by way of wholly-owned subsidiaries. Griffon oversees the operations of its subsidiaries, allocates means between them and manages their capital structures. Griffon delivers course and assistance to its subsidiaries in link with acquisition and advancement chances as properly as in connection with divestitures. In buy to more diversify, Griffon also seeks out, evaluates and, when correct, will obtain extra companies that give potentially appealing returns on money.
Griffon at the moment conducts its operations through 3 reportable segments:
- Shopper and Experienced Products (“CPP”) conducts its operations via The AMES Providers, Inc. (“AMES”). Started in 1774, AMES is the top North American manufacturer and a world company of branded client and experienced tools and goods for property storage and firm, landscaping, and enhancing outdoor lifestyles. CPP sells goods globally by a portfolio of primary brands which include True Temper, AMES, and ClosetMaid.
- House and Setting up Merchandise conducts its functions by way of Clopay Company (“Clopay”). Established in 1964, Clopay is the greatest maker and marketer of garage doorways and rolling metal doorways in North The usa. Household and industrial sectional garage doors are offered by way of professional dealers and major house middle retail chains all through North The united states less than the manufacturers Clopay, Perfect, and Holmes. Rolling metal doorway and grille solutions designed for industrial, industrial, institutional, and retail use are offered underneath the CornellCookson model.
- Defense Electronics conducts its functions by means of Telephonics Company, founded in 1933, a globally recognized primary provider of highly sophisticated intelligence, surveillance and communications answers for protection, aerospace and commercial clients.
For far more information on Griffon and its functioning subsidiaries, make sure you see the Company’s web page at www.griffon.com.