Armstrong World Industries Appoints Boeing Senior Executive to Board of Directors

Rhea-AI Summary

Armstrong World Industries (AWI) has appointed William H. Osborne to its Board of Directors, expanding the board to nine members. Osborne has over 35 years of leadership experience in manufacturing and operations, currently serving at Boeing Defense, which generated over $26 billion in revenue in 2021. His addition is expected to strengthen AWI's growth strategy and operational excellence. This marks the second board appointment in 2022, following Richard D. Holder's election at the annual shareholder meeting in June.

Positive

• William H. Osborne brings extensive experience in manufacturing and operational excellence, expected to enhance AWI's growth strategy.
• The board now includes diverse expertise with the addition of both Osborne and Richard D. Holder in 2022.

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• None.

LANCASTER, Pa., July 21, 2022 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions, today announced the appointment of William H. Osborne to its Board of Directors. With his addition, the board of directors expands to nine members.

Osborne brings deep and relevant experience to the Armstrong board with over 35 years of progressive leadership experience in manufacturing, operational excellence, supply chain, environment, health and safety at a range of global manufacturing companies. Currently, he serves as senior vice president of Total Quality and Operations for Boeing Defense, Space & Security, a division of Boeing, that generated over $26 billion in revenue in 2021. He is also a member of the Boeing’s Executive Council. Prior to his current position, he was as senior vice president of Enterprise Operations at Boeing, where he led the company’s Enterprise Program Management, Supply Chain, Manufacturing and Quality functions. Prior to joining Boeing in 2018, Osborne held a variety of leadership roles at Navistar Corporation, Federal Signal Corporation and Ford Motor Company.  

Osborne is the second new member to join the AWI board of directors in 2022. Richard D. Holder was elected to the board in June at the company’s annual shareholder meeting. Holder currently serves as President and Chief Executive Officer of HZO, Inc., a provider of thin-film nanocoatings for electronics, a role that he has held since February 2021. Prior to this, he was President and Chief Executive Officer of NN, Inc., a publicly traded, diversified industrial manufacturing company and held a progression of leadership roles at Eaton Corporation.

“We are thrilled to welcome Bill and Rich to our board of directors,” said Vic Grizzle, Armstrong president and CEO. “The breadth and diversity of their experience in a range of industrial and manufacturing companies will be invaluable for AWI as we strive to execute our growth strategy and continue to pursue operational excellence across our enterprise.”

About Armstrong World Industries
Armstrong World Industries, Inc. (AWI) is a leader in the design and manufacture of innovative ceiling and wall solutions in the Americas. With $1.1 billion in revenue in 2021, AWI has nearly 3,000 employees and a manufacturing network of 15 facilities, plus six facilities dedicated to its WAVE joint venture. 

Contacts
Investors:	Theresa Womble, tlwomble@armstrongceilings.com or (717) 396-6354
Media:	Jennifer Johnson, jenniferjohnson@armstrongceilings.com or (866) 321-6677

FAQ

Who is William H. Osborne and what is his experience related to AWI?

William H. Osborne is a new member of the AWI Board of Directors with over 35 years of leadership experience in manufacturing and operations, currently serving at Boeing Defense.

What impact will the new board members have on Armstrong World Industries?

The new board members are expected to bring valuable insights and expertise that will support AWI's growth strategy and operational excellence.

When was William H. Osborne appointed to the AWI Board of Directors?

William H. Osborne was appointed to the AWI Board of Directors on July 21, 2022.

How many members are currently on the AWI Board of Directors?

With the appointment of William H. Osborne, the AWI Board of Directors now consists of nine members.