The AZEK Company Announces Chief Financial Officer Transition and Internal Promotions
AZEK announced a leadership transition as Peter Clifford resigns from his positions as SVP, Chief Operations Officer and CFO to pursue an opportunity outside the building products industry. Ryan Lada, current VP and CFO of the Residential Segment, will be promoted to SVP, CFO and Treasurer, while Matthew Wiora, VP Corporate Controller, will become Chief Accounting Officer, both effective January 24, 2025.
Lada joined AZEK in July 2022 and brings over 15 years of global finance experience. Wiora, who joined in June 2022, is a licensed CPA with more than 15 years of experience in accounting and finance with public companies. CEO Jesse Singh expressed confidence in both appointments, highlighting their proven leadership and understanding of AZEK's operations.
The company emphasized its commitment to continuing its strategic initiatives, focusing on innovation, market leadership, and sustainable growth and margin expansion.
AZEK ha annunciato un cambiamento nella leadership poiché Peter Clifford si dimette dai suoi ruoli di SVP, Chief Operations Officer e CFO per perseguire un'opportunità al di fuori dell'industria dei prodotti per l'edilizia. Ryan Lada, attuale VP e CFO del Segmento Residenziale, sarà promosso a SVP, CFO e Tesoriere, mentre Matthew Wiora, VP Corporate Controller, diventerà Chief Accounting Officer, entrambi con effetto dal 24 gennaio 2025.
Lada è entrato in AZEK nel luglio 2022 e porta con sé oltre 15 anni di esperienza in finanza globale. Wiora, che è entrato a far parte dell’azienda a giugno 2022, è un CPA autorizzato con oltre 15 anni di esperienza in contabilità e finanza con aziende pubbliche. Il CEO Jesse Singh ha espresso fiducia in entrambi le nomine, evidenziando la loro comprovata leadership e comprensione delle operazioni di AZEK.
L'azienda ha sottolineato il suo impegno per continuare le sue iniziative strategiche, concentrandosi su innovazione, leadership di mercato e crescita sostenibile ed espansione dei margini.
AZEK anunció una transición en su liderazgo ya que Peter Clifford renunció a sus posiciones como SVP, Chief Operations Officer y CFO para buscar una oportunidad fuera de la industria de productos para la construcción. Ryan Lada, actual VP y CFO del Segmento Residencial, será promovido a SVP, CFO y Tesorero, mientras que Matthew Wiora, VP Controlador Corporativo, se convertirá en Chief Accounting Officer, ambos efectivos a partir del 24 de enero de 2025.
Lada se unió a AZEK en julio de 2022 y aporta más de 15 años de experiencia en finanzas globales. Wiora, quien se unió en junio de 2022, es un CPA licenciado con más de 15 años de experiencia en contabilidad y finanzas en empresas públicas. El CEO Jesse Singh expresó confianza en ambos nombramientos, destacando su liderazgo probado y su comprensión de las operaciones de AZEK.
La empresa enfatizó su compromiso de continuar con sus iniciativas estratégicas, enfocándose en la innovación, el liderazgo en el mercado y el crecimiento sostenible y la expansión de márgenes.
AZEK는 피터 클리포드가 건축 자재 산업 외부의 기회를 추구하기 위해 SVP, 총괄 운영 책임자 및 CFO 직위를 사임한다고 발표했습니다. 라이언 라다, 현재 주거 부문 VP 및 CFO는 SVP, CFO 및 재무 책임자로 승진하며, 매튜 위오라, VP 기업 회계 책임자는 Chief Accounting Officer가 됩니다. 두 사람 모두 2025년 1월 24일부터 유효합니다.
라다는 2022년 7월 AZEK에 합류했으며, 15년 이상의 글로벌 재무 경험을 가지고 있습니다. 2022년 6월에 합류한 위오라는 공인 회계사(CPA)로, 공기업에서 15년 이상의 회계 및 재무 경험을 가지고 있습니다. CEO 제시 싱은 두 인사의 임명에 대한 신뢰를 표명하며 그들의 입증된 리더십과 AZEK 운영에 대한 이해를 강조했습니다.
회사는 혁신, 시장 리더십, 지속 가능한 성장 및 마진 확장을 중심으로 한 전략적 이니셔티브를 계속 추진하겠다는 의지를 강조했습니다.
AZEK a annoncé une transition de leadership, car Peter Clifford a démissionné de ses postes de SVP, Directeur des opérations et CFO pour poursuivre une opportunité en dehors de l'industrie des produits de construction. Ryan Lada, actuellement VP et CFO du Segment résidentiel, sera promu SVP, CFO et Trésorier, tandis que Matthew Wiora, VP Contrôleur général, deviendra Directeur comptable, tous deux prenant effet le 24 janvier 2025.
Lada a rejoint AZEK en juillet 2022 et apporte plus de 15 ans d'expérience en finance mondiale. Wiora, qui a rejoint en juin 2022, est un CPA agréé avec plus de 15 ans d'expérience en comptabilité et en finance au sein d'entreprises publiques. Le CEO Jesse Singh a exprimé sa confiance dans les deux nominations, mettant en avant leur leadership prouvé et leur compréhension des opérations d'AZEK.
L'entreprise a souligné son engagement à poursuivre ses initiatives stratégiques, en mettant l'accent sur l'innovation, le leadership sur le marché, ainsi que la croissance durable et l'expansion des marges.
AZEK hat einen Wechsel in der Führung angekündigt, da Peter Clifford von seinen Positionen als SVP, Chief Operating Officer und CFO zurücktritt, um eine Gelegenheit außerhalb der Bauteilindustrie zu verfolgen. Ryan Lada, derzeit VP und CFO des Wohnsegments, wird zum SVP, CFO und Schatzmeister befördert, während Matthew Wiora, VP Corporate Controller, Chief Accounting Officer wird, beide mit Wirkung zum 24. Januar 2025.
Lada kam im Juli 2022 zu AZEK und bringt über 15 Jahre globale Finanzerfahrung mit. Wiora, der im Juni 2022 beigetreten ist, ist ein lizenzierter CPA mit mehr als 15 Jahren Erfahrung in Buchhaltung und Finanzen bei börsennotierten Unternehmen. CEO Jesse Singh äußerte Vertrauen in beide Ernennungen und hob deren bewährte Führung und Verständnis für die Abläufe von AZEK hervor.
Das Unternehmen betonte sein Engagement zur Fortsetzung seiner strategischen Initiativen mit Fokus auf Innovation, Marktführerschaft sowie nachhaltigem Wachstum und Margenausweitung.
- Smooth leadership transition with internal promotions indicating strong succession planning
- New CFO brings 15+ years of global finance experience across multiple industries
- New Chief Accounting Officer brings 15+ years of public company experience
- Loss of experienced CFO/COO who helped guide company through IPO and growth phase
Insights
The CFO transition at AZEK appears to be an orderly succession, with internal promotions reflecting strong bench strength and continuity in financial leadership. Ryan Lada's promotion from Residential Segment CFO to company-wide CFO leverages his proven track record in the company's core business unit. His extensive experience at Tank Holding Corp and Cantel Medical brings valuable industry-relevant expertise.
The timing of this transition in January 2025 coincides with the company's strong market position in outdoor living products, particularly important given AZEK's
Matthew Wiora's elevation to CAO adds another layer of public company expertise, critical for maintaining strong financial controls and SEC compliance. His background at Honeywell and ITW - both industrial manufacturing giants - brings relevant industry expertise that complements Lada's consumer products experience.
While management changes can create uncertainty, this transition appears neutral for AZEK's market position and strategic direction. The company's focus on sustainable outdoor living products aligns with growing consumer preferences and the new financial leadership team has relevant experience in both manufacturing efficiency and consumer markets.
The outgoing CFO's achievements in debt reduction and share repurchases have strengthened AZEK's balance sheet, providing the new team with financial flexibility. The retention of institutional knowledge through internal promotions should help maintain momentum in cost optimization and margin expansion initiatives critical in the building products sector.
For investors, this transition comes at a stable time for AZEK, with the company well-positioned in the premium outdoor living segment. The seamless succession plan suggests strong corporate governance and talent development practices, which typically correlate with long-term shareholder value creation.
“I am pleased to announce these well-deserved promotions for Ryan and Matt, which are reflective of their proven leadership, discipline and demonstrated understanding of AZEK’s financial operations and business,” said AZEK CEO Jesse Singh. “Over the last two years, Ryan has delivered exceptional results and driven strong performance in our Residential Segment, positioning us to navigate market dynamics effectively, capitalize on growth opportunities, realize cost saving programs, and deliver sustained value to our stakeholders. Ryan’s financial insight, strategic vision, and demonstrated results, along with Matt’s deep financial and accounting acumen, will be instrumental in continuing to execute AZEK’s strategy, strengthen our market presence, and drive continued growth and financial success.”
“I am thrilled to step into this role and expand my financial leadership at AZEK at such an exciting time for the company,” said Mr. Lada. “With its leadership position in the industry, commitment to innovation, dedication to supporting our customers, and strong history of performance, I look forward to continuing to collaborate with Jesse and the team to execute our business and financial strategy as we shape the future of the industry.”
Mr. Clifford’s last day is January 24, 2025. He will continue to partner closely with the team in the upcoming weeks, offering guidance and support to ensure a smooth and seamless transition.
“I would also like to thank Peter for his partnership and significant contributions to AZEK over the last several years. His financial and operational leadership has been instrumental in guiding AZEK beyond our IPO and into an exciting new phase of growth. Under Peter’s direction, we have consistently delivered operational excellence, enabling us to support our customers across diverse economic environments while driving meaningful shareholder value through strong top- and bottom-line growth, significant debt reduction, and strategic share repurchases. I wish him further success in the future,” continued Singh.
Mr. Lada joined the Company as Vice President of Corporate Finance in July 2022 and currently serves as the Company's Chief Financial Officer - Residential Segment, overseeing financial planning and analysis, accounting, commercial and operational finance capabilities, as well as corporate investor relations initiatives. Mr. Lada brings more than fifteen years of global finance experience across multiple industries. Prior to joining the Company, Mr. Lada was most recently Vice President of Finance for Tank Holding Corp., and, prior thereto, held various financial roles of increasing responsibility at Cantel Medical Corporation, including Vice President, Investor Relations & Treasury, Chief Financial Officer of the Global Medical Division, and Chief Financial Officer,
Mr. Wiora joined the Company in June 2022 and has served in a variety of roles at the Company, including most recently as Vice President, Corporate Controller. Prior to joining the Company, Mr. Wiora served as a Divisional Chief Financial Officer with Honeywell International Inc. and held various accounting and finance positions of increasing responsibility, including Global Division Controller with Illinois Tool Works Inc. Mr. Wiora is a licensed certified public accountant and has more than fifteen years of experience in accounting and finance with publicly traded companies.
“We remain confident and excited about 2025 and beyond and in the long-term opportunities of our strategic initiatives. As we look ahead, we will continue to build upon the strong foundation Ryan, Matt, and the entire team have built that will enable us to seize the incredible opportunities before us. Together, we are well-positioned to drive innovation, strengthen our market leadership, and deliver long-term, sustainable growth and margin expansion,” concluded Singh.
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 railing, Versatex® and AZEK® Trim, and StruXure® pergolas. Consistently awarded and recognized as the market leader in innovation, quality, aesthetics and sustainability, our products are made from up to
View source version on businesswire.com: https://www.businesswire.com/news/home/20250106642746/en/
Investor Relations Contact:
Eric
312-809-1093
ir@azekco.com
Media Contact:
Amanda Cimaglia
312-809-1093
media@azekco.com
Source: The AZEK Company Inc.
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