Jeld-Wen names new CEO
Window and door manufacturer Jeld-Wen has named Gary Michel as the company’s president and CEO, effective June 18.
Acting CEO Kirk Hachigian will continue to serve as chairman. Hachigian came out of retirement to serve in the executive leadership position after Jeld-Wen and former CEO Mark Beck came to a mutual decision with the board of directors to leave the company on Feb. 27.
Michel joins Jeld-Wen from Honeywell International, Inc., where he was president and CEO of Honeywell’s Home and Building Technologies strategic business group. Previously, Michel had a 32-year career at Ingersoll-Rand Company, most recently serving as SVP and president of the company’s Residential HVAC and Supply business.
“Gary is the right leader for Jeld-Wen given the breadth of his experience and established relationships in both the residential and commercial segments of the building industry, as well as his demonstrated ability to generate long-term growth and margin improvement,” Hachigian said.
“I am confident that we have the right strategy and operating model already in place, and I have been very impressed by the senior leadership team that I have met so far,” Michel said.
Based in Charlotte, N.C., Jeld-Wen operates manufacturing facilities in 20 countries. The company and produces and distributes an extensive range of interior and exterior doors, wood, vinyl and aluminum windows and related products for use in the new construction and repair and remodeling of residential homes and non-residential buildings.
Acting CEO Kirk Hachigian will continue to serve as chairman. Hachigian came out of retirement to serve in the executive leadership position after Jeld-Wen and former CEO Mark Beck came to a mutual decision with the board of directors to leave the company on Feb. 27.
Michel joins Jeld-Wen from Honeywell International, Inc., where he was president and CEO of Honeywell’s Home and Building Technologies strategic business group. Previously, Michel had a 32-year career at Ingersoll-Rand Company, most recently serving as SVP and president of the company’s Residential HVAC and Supply business.
“Gary is the right leader for Jeld-Wen given the breadth of his experience and established relationships in both the residential and commercial segments of the building industry, as well as his demonstrated ability to generate long-term growth and margin improvement,” Hachigian said.
Now at the helm, Michel said Jeld-Wen’s focus will be supporting our customers while creating shareholder value through continued margin expansion, strong free cash flow generation, and disciplined capital deployment.
“I am confident that we have the right strategy and operating model already in place, and I have been very impressed by the senior leadership team that I have met so far,” Michel said.
Based in Charlotte, N.C., Jeld-Wen operates manufacturing facilities in 20 countries. The company and produces and distributes an extensive range of interior and exterior doors, wood, vinyl and aluminum windows and related products for use in the new construction and repair and remodeling of residential homes and non-residential buildings.