N. VENICE, Fla., May 9, 2014 (GLOBE NEWSWIRE) -- PGT, Inc. (Nasdaq:PGTI), the nation's leading manufacturer and supplier of residential impact-resistant windows and doors, announced this week that its Board of Directors has appointed Brad West, 44, as Chief Financial Officer, effective June 1, 2014. Mr. West will report directly to the Chief Executive Officer (CEO), Rod Hershberger.
The Board of Directors also announced this week Jeff Jackson's appointment as the new President and Chief Operation Officer effective June 1, 2014. Mr. Jackson, 48, succeeds Rod Hershberger, 57, who will remain in his roles as Chairman of the PGT Board of Directors and CEO.
"We are delighted to have Brad as our new CFO. His extensive experience and outstanding track record with our Company make him the ideal executive to drive PGT's performance forward as we position for future growth opportunities," commented Rod Hershberger Chairman and CEO of PGT Industries. "He has proven to be a critical member of our senior leadership team for 8 years and has a dynamic management style that fits wonderfully with our culture."
Mr. West, who currently serves as Vice President and Controller, joined PGT in 2006 and is responsible for PGT's Accounting and Finance Departments, as well as its Risk Management function. Mr. West has over 16 years of management experience in manufacturing organizations, earned a B.B.A. degree from the University of Michigan, and is a Certified Public Accountant in Georgia.
"I am honored to be part of this world-class Company Rod built on a simple, but powerful, principle that we always put the customer first. Our commitment to financial strength during the market down-turn has built a strong foundation for the future," said Brad West, Vice President, Controller and CFO-elect. "Jeff has set me up well to continue the Company's strong practices and drive shareholder value. I am excited to step into this new role and look forward to working more closely with all of our Company's stakeholders, including our investors."
ABOUT PGT:
PGT pioneered the U. S. impact-resistant window and door industry, and today is the nation's leading manufacturer and supplier of residential impact-resistant windows and doors. Founded in 1980, the Company employs approximately 1,600 at its manufacturing, glass laminating and tempering plants in North Venice, Florida. Utilizing the latest designs and technology, PGT products are ideal for new construction and replacement projects serving residential, commercial, high-rise and institutional markets. PGT's product line includes PGT Aluminum and Vinyl Windows and Doors; PGT WinGuard and PGT PremierVue Impact-Resistant Windows and Doors; PGT Architectural Systems; and PGT Eze-Breeze Sliding Panels. PGT Industries is a wholly owned subsidiary of PGT, Inc. (Nasdaq:PGTI). For additional information visit pgtindustries.com.
FORWARD-LOOKING STATEMENTS:
In this press release, statements that are not reported financial results or other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecasts of future events and are not guarantees of future performance. They are based on management's expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. They use words such as "will," "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial condition, performance and/or sales. Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to: our ability to achieve the strategic and other objectives relating to the acquisition of Spartech Corporation, including any expected synergies; our ability to successfully integrate Spartech and achieve the expected results of the acquisition, including, without limitation, the acquisition being accretive; disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future; the financial condition of our customers, including the ability of customers (especially those that may be highly leveraged and those with inadequate liquidity) to maintain their credit availability; the speed and extent of an economic recovery, including the recovery of the housing market; our ability to achieve new business gains; the effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks; changes in polymer consumption growth rates where we conduct business; changes in global industry capacity or in the rate at which anticipated changes in industry capacity come online; fluctuations in raw material prices, quality and supply and in energy prices and supply; production outages or material costs associated with scheduled or unscheduled maintenance programs; unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters; an inability to achieve or delays in achieving or achievement of less than the anticipated financial benefit from initiatives related to working capital reductions, cost reductions and employee productivity goals; an inability to raise or sustain prices for products or services; an inability to maintain appropriate relations with unions and employees; the inability to achieve expected results from our acquisition activities; our ability to continue to pay cash dividends; the amount and timing of repurchases of our common shares, if any; and other factors affecting our business beyond our control, including, without limitation, changes in the general economy, changes in interest rates and changes in the rate of inflation. The above list of factors is not exhaustive. We undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise. You are advised to consult any further disclosures we make on related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the Securities and Exchange Commission.