Armstrong World Industries has announced several changes to its management structure, which are scheduled to go into effect Nov. 16.
Most notably, Armstrong Flooring Products CEO Frank Ready will be retiring after 30 years with the company. Armstrong CFO Thomas Mangas will take his place, who will in turn be succeeded by Armstrong Building Products VP finance David Schulz.
"I would like to thank Frank for his 30 years of dedicated service," said Armstrong CEO Matthew Espe. "His many contributions will be felt for years to come. In Tom Mangas, we have a well-seasoned leader, whose global mindset and customer focus will enable our flooring business to fully leverage recent investments and have a bright future. I am equally excited to welcome Dave Schulz as my new finance leader. The ability to quickly fill these positions from within is a clear demonstration of the effectiveness of our organization vitality and succession planning processes."
Mangas has been overseeing the company's finance operations, as well as information technology, global business services and process improvement, since he assumed the CFO role in 2010.
Schulz has been with the company since June 2011. His resume also includes a 14-year stint with Procter & Gamble and the J.M. Smucker Company in various financial capacities.