Jeld-Wen names new CFO
Jeld-Wen, the Charlotte, N.C.-based window and door manufacturer has named John Linker as the company’s new executive vice president and chief financial officer.
The move is effective Nov. 8 and Linker will replace L. Brooks Mallard who is leaving the company on the same date to pursues other interests, according to Jeld-Wen.
Linker currently serves as the company’s senior vice president, corporate development and investor relations. Jeld-Wen noted that “Mallard’s departure is not based on any disagreement with the company or based on any accounting or financial reporting matters.”
“I would like to thank Brooks for his 4 years of dedicated service to Jeld-Wen,” said Gary Michel, president and CEO. “Brooks played several key roles in preparing Jeld-Wen to become a public company. We all wish him the best in his future endeavors.”
Linker, joined the manufacturer in 2012 and previously served as the company’s treasurer and interim finance leader for its Europe and Australasia segments. Prior to joining Jeld-Wen, Linker held leadership positions in corporate development and finance with United Technologies Corporation’s Aerospace Systems Division, and its predecessor, Goodrich Corporation.
“The board of directors believes that John’s knowledge of our business, comprehensive corporate finance experience, leadership and teambuilding skills make him the right successor as CFO,” Michel said, noting that Linker helped establish a mergers and acquisition program at Jeld-Wen and helped lead the company through 13 acquisitions along with its initial public offering.
Jeld-Wen has also announced preliminary third quarter 2018 financial results and said it expects net revenues of $1.13 billion to $1.14 billion, an increase of 14% to 15% compared to the same period last year. The company has forecast an adjusted EBITDA of $130 million to $135 million, improved compared to $128.2 million in the same period a year ago, but below the company’s previous outlook of $143 million to $153 million.
Additionally, the company expects third quarter results to include a charge of $76.5 million for a litigation contingency related to a recent court ruling in its ongoing antitrust and trade secrets litigation with Steves & Sons, Inc.
The move is effective Nov. 8 and Linker will replace L. Brooks Mallard who is leaving the company on the same date to pursues other interests, according to Jeld-Wen.
Linker currently serves as the company’s senior vice president, corporate development and investor relations. Jeld-Wen noted that “Mallard’s departure is not based on any disagreement with the company or based on any accounting or financial reporting matters.”
“I would like to thank Brooks for his 4 years of dedicated service to Jeld-Wen,” said Gary Michel, president and CEO. “Brooks played several key roles in preparing Jeld-Wen to become a public company. We all wish him the best in his future endeavors.”
Linker, joined the manufacturer in 2012 and previously served as the company’s treasurer and interim finance leader for its Europe and Australasia segments. Prior to joining Jeld-Wen, Linker held leadership positions in corporate development and finance with United Technologies Corporation’s Aerospace Systems Division, and its predecessor, Goodrich Corporation.
“The board of directors believes that John’s knowledge of our business, comprehensive corporate finance experience, leadership and teambuilding skills make him the right successor as CFO,” Michel said, noting that Linker helped establish a mergers and acquisition program at Jeld-Wen and helped lead the company through 13 acquisitions along with its initial public offering.
Jeld-Wen has also announced preliminary third quarter 2018 financial results and said it expects net revenues of $1.13 billion to $1.14 billion, an increase of 14% to 15% compared to the same period last year. The company has forecast an adjusted EBITDA of $130 million to $135 million, improved compared to $128.2 million in the same period a year ago, but below the company’s previous outlook of $143 million to $153 million.
Additionally, the company expects third quarter results to include a charge of $76.5 million for a litigation contingency related to a recent court ruling in its ongoing antitrust and trade secrets litigation with Steves & Sons, Inc.