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Christopher Latkovic Joins The AZEK Company as Senior Vice President of Operations to Accelerate Capacity Goals and Maintain Record-Breaking Company Growth
Rhea-AI Impact
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Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
The AZEK Company has appointed Chris Latkovic as Senior Vice President of Operations, succeeding Bobby Gentile, who will retire this summer. Latkovic will lead AZEK's capital investment plan aimed at expanding manufacturing capacities and recycling capabilities, including a new facility in Boise, Idaho. He aims to incorporate 1 billion pounds of waste into products by 2026. AZEK has consistently achieved double-digit growth and is well-positioned for continued success. Latkovic brings over 30 years of experience in operations management.
Positive
Appointment of Chris Latkovic as Senior VP of Operations to drive growth and operational efficiency.
Commencement of a multi-phase capital investment plan to expand manufacturing and recycling capabilities.
Target to incorporate 1 billion pounds of waste into products annually by 2026.
Consistent double-digit growth and positive outlook for continued momentum.
Negative
None.
CHICAGO--(BUSINESS WIRE)--
The AZEK Company Inc., the industry-leading manufacturer of beautiful, low-maintenance and environmentally sustainable outdoor living products, including TimberTech® decking and Versatex® and AZEK Trim®, has appointed Chris Latkovic to Senior Vice President of Operations, succeeding Bobby Gentile who will retire this summer. As a member of AZEK’s leadership team, Latkovic will spearhead AZEK’s previously announced multi-phase, multi-year capital investment plan to grow the business through expanding manufacturing capacities in existing facilities, opening new facilities including the Boise, Idaho location, and vertically integrating and expanding its recycling capabilities. Latkovic’s role will be instrumental in helping AZEK continue to scale operations to meet rising customer demands.
“There is nothing more exciting than joining a fast-growing company that supports a larger purpose. AZEK has ambitious goals, including its goal to incorporate 1 billion pounds of otherwise landfill-bound scrap and waste into its products annually, by 2026. As an operations professional, that challenge excites me. I believe in AZEK’s strategic vision to make a positive impact on the world and grow its business at the same time,” Latkovic said. “In my role, I’m committed to continuing to embed AZEK’s values and AZEK’s Integrated Management Systems (AIMS) while maximizing the creation of its consumer-loved, innovative, sustainable products like TimberTech decking.”
Latkovic brings to AZEK more than 30 years of experience implementing national and global infrastructure that connected facilities and increased production to meet customer demands. Most recently, Latkovic served as Head of Global Operations for the Industrial Fluid Solutions Business Unit within the ContiTech Division of Continental AG where he oversaw manufacturing operations and supply chain for its large network of plants in multiple countries. There he had a strategic focus on efficiency, Industry 4.0, and growth. Prior to Continental AG, Latkovic held a number of operations roles at Henkel Corporation, most recently as VP of Operations. Latkovic received an MBA from Ashland University and BS in Mechanical Engineering from Cleveland State University.
“AZEK has consistently delivered double-digit growth and with ongoing investments, the company is well-positioned to continue its momentum in 2022 and beyond. Chris has an impressive career helping companies transform and grow their operations while keeping people at the forefront,” Jesse Singh, CEO of The AZEK Company said. “As we welcome Chris, I want to thank Bobby for his dedication to the growth and success of AZEK these last five years. He has been central to our growth from our early start overseeing two manufacturing facilities to our network of over 11 today.”
Latkovic will join AZEK on March 28, 2022 and partner closely with Gentile until his retirement this summer.
About The AZEK® Company
The AZEK Company Inc. (NYSE: AZEK) is the industry-leading designer and manufacturer of beautiful, low maintenance and environmentally sustainable outdoor living products, including TimberTech® decking and Versatex® AZEK Trim® and StruXure™ pergolas. Consistently recognized as the market leader in innovation, quality and aesthetics, products across AZEK’s portfolio are made from up to 100% recycled material and primarily replace wood on the outside of homes, providing a long-lasting, eco-friendly, and stylish solution to consumers. Leveraging the talents of its approximately 2,000 employees and the strength of relationships across its value chain, The AZEK Company is committed to accelerating the use of recycled material in the manufacturing of its innovative products, keeping millions of pounds of waste out of landfills each year, and revolutionizing the industry to create a more sustainable future. Headquartered in Chicago, Illinois, the company operates manufacturing facilities in Ohio, Pennsylvania and Minnesota, and recently announced a new facility will open in Boise, Idaho. For additional information, please visit azekco.com.
This release contains or refers to certain forward-looking statements within the meaning of the federal securities laws and subject to the "safe harbor" protections thereunder. Forward-looking statements are statements about future events and are based on our current expectations. These forward-looking statements may be identified by the words “believe,” “hope,” "expect," "intend," "will," "target," “anticipate,” "goal" and similar expressions. Projected financial information and performance, including our guidance and outlook, are forward-looking statements. Other forward-looking statements may include, without limitation, statements with respect to our future growth and goals as well as statements with respect to the goals, effects, consequences, and expectations of any changes to our leadership team. The Company bases its forward-looking statements on information available to it on the date of this release and undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of changed circumstances, new information, future events, or otherwise, except as may otherwise be required by law. Actual future events could also differ materially due to numerous factors that involve substantial known and unknown risks and uncertainties including, among other things, the risks and uncertainties set forth under "Risk Factors" and elsewhere in the Company's reports on Form 10-K and Form 10-Q and the other risks and uncertainties discussed in any subsequent reports that the Company files with the Securities and Exchange Commission from time to time. Although we have attempted to identify those material factors that could cause actual results or events to differ from those described in such forward-looking statements, there may be other factors that could cause actual results or events to differ from those anticipated, estimated or intended. Given these uncertainties, investors are cautioned not to place undue reliance on our forward-looking statements.
