Mohawk Names Glenn R. Landau Chief Financial Officer
March 12 2019 - 4:10PM
Mohawk Industries, Inc. (NYSE: MHK) today announced the appointment
of Glenn R. Landau as chief financial officer and executive vice
president for the company, effective April 1, 2019, succeeding
Frank H. Boykin, whose planned retirement was announced in
November.
“Glenn Landau’s wealth of operational and financial experience,
along with his background in international business, will further
enhance efforts to achieve our performance targets and deliver
profitable growth,” said Jeffrey S. Lorberbaum, Mohawk’s chairman
and chief executive officer. “Glenn’s track record of success
leading large global business segments brings valuable perspective
and depth to his role as CFO, complements our team and will help
accelerate improvements across the enterprise. Having held P&L
responsibility in both domestic and international assignments, he
understands how to drive results and create the best value for
shareholders.” Landau, 50, started his career with International
Paper (IP) in 1991, beginning in engineering then moving into
manufacturing. He had general management roles in the company’s
packaging businesses in the U.S. and Europe before assuming
strategic responsibility for IP’s forest resources, real estate and
minerals sector in 2003. In 2007, Landau was named vice president
and general manager of containerboard packaging and played a key
role in the acquisition and integration of Weyerhaeuser’s packaging
and recycling businesses. In 2011, he transitioned into a finance
role, becoming IP’s vice president of investor relations. From 2013
to 2016, Landau was president of IP’s paper and packaging entity in
Brazil, with full P&L responsibility for the segment and
strategic direction for the Latin American market. Most recently,
he was IP’s chief financial officer, where he led the company’s
global finance function heading its capital allocation process and
steering its value creation initiatives, while leading a team of
more than 2,500 finance and IT professionals around the globe.
“I’m pleased to join a dynamic organization like Mohawk,” said
Landau. “I look forward to leading Mohawk’s highly regarded finance
team and continuing the company’s growth into new markets and
product categories.”
As previously announced, Frank Boykin will take a senior
consultant role with the business and support the transition. Over
the past 25 years, Frank’s significant contributions helped grow
Mohawk into the world’s largest flooring company,” said Lorberbaum.
“He has built a talented financial team, and their continued good
work will ensure that this transition runs smoothly.”
ABOUT MOHAWK INDUSTRIES
Mohawk Industries is the leading global flooring manufacturer
that creates products to enhance residential and commercial spaces
around the world. Mohawk’s vertically integrated manufacturing and
distribution processes provide competitive advantages in the
production of carpet, rugs, ceramic tile, laminate, wood, stone and
vinyl flooring. Our industry-leading innovation has yielded
products and technologies that differentiate our brands in the
marketplace and satisfy all remodeling and new construction
requirements. Our brands are among the most recognized in the
industry and include American Olean, Daltile, Durkan, Feltex,
Godfrey Hirst, IVC, Karastan, Marazzi, Mohawk, Mohawk Group, Pergo,
Quick-Step and Unilin. During the past decade, Mohawk has
transformed its business from an American carpet manufacturer into
the world’s largest flooring company with operations in Australia,
Brazil, Canada, Europe, India, Malaysia, Mexico, New Zealand,
Russia and the United States.
Certain of the statements in the immediately preceding
paragraphs, particularly anticipating future performance, business
prospects, growth and operating strategies and similar matters and
those that include the words “could,” “should,” “believes,”
“anticipates,” “expects,” and “estimates,” or similar expressions
constitute “forward-looking statements.” For those statements,
Mohawk claims the protection of the safe harbor for forward-looking
statements contained in the Private Securities Litigation Reform
Act of 1995. There can be no assurance that the forward-looking
statements will be accurate because they are based on many
assumptions, which involve risks and uncertainties. The following
important factors could cause future results to differ: changes in
economic or industry conditions; competition; inflation and
deflation in raw material prices and other input costs; inflation
and deflation in consumer markets; energy costs and supply; timing
and level of capital expenditures; timing and implementation of
price increases for the Company’s products; impairment charges;
integration of acquisitions; international operations; introduction
of new products; rationalization of operations; taxes and tax
reform, product and other claims; litigation; and other risks
identified in Mohawk’s SEC reports and public announcements.
Frank Boykin, 706-624-2695
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