Armstrong Flooring Appoints Michel Vermette as President and CEO
September 10 2019 - 7:00AM
Business Wire
Armstrong Flooring, Inc. (NYSE: AFI) (“Armstrong Flooring”),
North America’s largest producer of resilient flooring products,
announced today that its Board of Directors (the “Board”) has
appointed Michel Vermette, President, Residential Carpet at Mohawk
Industries, as President and Chief Executive Officer and a member
of the Board, effective Sept. 11, 2019. Armstrong Flooring Chairman
Larry S. McWilliams, who has served as interim President and CEO
since May 3, 2019, will remain Chairman of the Board.
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“The appointment of Michel as President and CEO of Armstrong
Flooring is the result of an extensive evaluation and search
process participated in by the entire Board, and we are delighted
that Michel has agreed to join the company,” said Jim Melville,
Chair of the Nominating and Governance Committee of the Armstrong
Flooring Board. “Michel brings both tremendous domestic and
international industry experience and strong business, operational,
financial and strategic expertise to AFI. He is also a proven
leader who has modelled superb business and leadership principles
throughout his career while establishing a track record of
improving business performance by implementing product development,
manufacturing and operational excellence. We know that he is
exactly the right person to lead Armstrong Flooring, and we look
forward to working with him.”
Mr. Melville added, “We also thank Larry for his service as
interim Chief Executive Officer during the CEO search period and
for his continued dedication and leadership as Chair of AFI.”
Mr. Vermette, age 52, will join the company after a successful
career spanning more than two decades at Mohawk Industries, where
he served in multifaceted positions across the company’s finance,
investor relations, sales and marketing and business development
operations. During his tenure, he helped transform the flooring
business into an innovative and leading flooring manufacturer,
redesigned the customer experience process, and led large-scale
acquisitions and successful integrations.
Mr. Vermette was named President, Residential Carpet at Mohawk
Industries, in February 2019, where he was responsible for the
market strategy, product development, manufacturing and innovation
of the residential carpet business in North America. In this role,
Mr. Vermette set the group’s product and manufacturing direction,
improving the company’s service and overall customer
satisfaction.
He previously served as President of Mohawk Group, driving the
company’s commercial and international flooring operations and
leading the customer experience team. During his tenure, Mohawk
Group launched the first Certified Living Product in flooring, and
the organization was recognized regularly for top product awards.
Mr. Vermette also served as Chief Financial Officer for Mohawk’s
North American Flooring Business Unit.
“I am excited to join Armstrong Flooring and its talented team,
where we will continue to execute on the company’s foundation of
innovation, design and product excellence,” said Mr. Vermette. “I
look forward to working with the team to capitalize on the strong
brand and to build a pipeline of innovative and differentiated
products to drive growth and improve profitability while delivering
value for our customers and shareholders.”
“Michel is an industry veteran with a passion for people and a
strong business and financial background, and his experience is
what we need to lead the company into the future,” said Mr.
McWilliams. “During a time of intense shifts in the market, we are
confident in Michel’s ability to lead a winning team that will
focus on driving growth and improving performance while increasing
value for shareholders and customers. I and the entire board are
confident that with his deep industry understanding and commitment
to excellence, Michel is the right person to move Armstrong
Flooring into its next phase of success.”
With the appointment of Mr. Vermette, the Board will consist of
eight directors.
About Armstrong Flooring
Armstrong Flooring, Inc. (NYSE: AFI) is a global leader in the
design and manufacture of innovative flooring solutions.
Headquartered in Lancaster, Pennsylvania, Armstrong Flooring is
North America’s largest producer of resilient flooring products.
The company safely and responsibly operates 8 manufacturing
facilities globally, working to provide the highest levels of
service, quality and innovation to ensure it remains as strong and
vital as its 150-year heritage. Learn more at
www.armstrongflooring.com.
Forward-Looking Statements
Disclosures in this release, including without limitation, those
relating to the company’s management transition and in our other
public documents and comments contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Those statements provide our future expectations or
forecasts and can be identified by our use of words such as
“anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,”
“believe,” “outlook,” “target,” “predict,” “may,” “will,” “would,”
“could,” “should,” “seek,” and other words or phrases of similar
meaning in connection with any discussion of future operating or
financial performance. Forward-looking statements, by their nature,
address matters that are uncertain and involve risks because they
relate to events and depend on circumstances that may or may not
occur in the future. As a result, our actual results may differ
materially from our expected results and from those expressed in
our forward-looking statements. A more detailed discussion of the
risks and uncertainties that could cause our actual results to
differ materially from those projected, anticipated or implied is
included in our reports filed with the U.S. Securities and Exchange
Commission. Forward-looking statements speak only as of the date
they are made. We undertake no obligation to update any
forward-looking statements beyond what is required under applicable
securities law.
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version on businesswire.com: https://www.businesswire.com/news/home/20190910005259/en/
Investors: Doug Bingham SVP, Chief Financial Officer
717-672-9300 IR@armstrongflooring.com
Media: Steve Trapnell Communications Manager 717-672-7218
media@armstrongflooring.com
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