JELD-WEN Names Samantha L. Stoddard Chief Financial Officer

Rhea-AI Summary

JELD-WEN Holding announced the appointment of Samantha L. Stoddard as the new EVP and Chief Financial Officer, effective July 1, 2024. Stoddard, who currently serves as North America CFO and head of global financial planning and analysis, will succeed Julie C. Albrecht. Albrecht will step down on June 30, 2024, and remain in an advisory role for a smooth transition. Stoddard has been with JELD-WEN since 2020 and previously held senior finance roles at Honeywell and other companies. CEO William J. Christensen praised her leadership and expertise, indicating confidence in her ability to contribute to the company's strategy of simplification and value creation.

Positive

• Appointment of an experienced internal candidate, Samantha L. Stoddard, as new CFO.
• Smooth transition planned with outgoing CFO Julie C. Albrecht remaining in an advisory role.
• Stoddard's proven leadership and deep understanding of JELD-WEN's business.
• CEO expresses confidence in new CFO’s ability to drive company strategy and value creation.

Negative

• Potential uncertainty during the transition period between CFOs.
• Risk of disruption in financial planning and analysis due to leadership change.

Stoddard will succeed Julie C. Albrecht

CHARLOTTE, N.C., June 17, 2024 /PRNewswire/ -- JELD-WEN Holding, Inc. (NYSE: JELD) today announced that current JELD-WEN North America CFO and head of global financial planning and analysis, Samantha L. Stoddard will succeed Julie C. Albrecht as EVP, chief financial officer effective July 1, 2024. Albrecht will step down from her role on June 30 and will serve in an advisory capacity for a period of time to ensure continuity and a successful transition.

"Samantha is a proven leader at JELD-WEN, having spent the last four years growing the North America finance team and supporting the largest segment of our business. She has brought significant insight and expertise to our ongoing transformation efforts," said William J. Christensen, CEO. "With her deep knowledge of our business, as well as her trusted and valued partnership, Samantha is positioned to deliver results as we execute on our strategy of simplifying and streamlining the business worldwide and creating value for all of our stakeholders."

Stoddard joined JELD-WEN in 2020 as vice president of finance for North America operations. Prior to joining JELD-WEN, Stoddard was CFO for the personal protection equipment business unit at Honeywell. Before joining Honeywell, Stoddard was a finance executive at Industrial Timber, LLC, TEOCO, Penson Financial Services, Inc. and Flagship Capital Partners, LLC. She holds a master's degree in accounting from The University of Texas at Dallas and a Bachelor of Arts in economics and political science from Wake Forest University.

"On behalf of the senior leadership team and our associates, I want to thank Julie for her contributions to JELD-WEN over the last two years," said Christensen. "Appointing an internal successor is a reflection of our thoughtful succession planning and is a testament to Julie's leadership. We wish Julie all the best in her next endeavor."

About JELD-WEN Holding, Inc.
JELD-WEN Holding, Inc. (NYSE: JELD) is a leading global designer, manufacturer and distributor of high-performance interior and exterior doors, windows, and related building products serving the new construction and repair and remodeling sectors. Based in Charlotte, North Carolina, JELD-WEN operates facilities in 15 countries in North America and Europe and employs approximately 18,000 associates dedicated to bringing beauty and security to the spaces that touch our lives. The JELD-WEN family of brands includes JELD-WEN^® worldwide, LaCantina^® and VPI™ in North America, and Swedoor^® and DANA^® in Europe. For more information, visit corporate.JELD-WEN.com or follow us on LinkedIn.

Media Contact:
Caryn Klebba
Head of global public relations
704-807-1275
cklebba@jeldwen.com

Investor Relations Contact:
James Armstrong
Vice President, Investor Relations
704-378-5731
jarmstrong@jeldwen.com 

Forward-Looking Statements 
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are generally identified by the use of forward-looking terminology, including the terms "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "likely," "may," "plan," "possible," "potential," "predict," "project," "should," "target," "will," "would" and, in each case, their negative or other various or comparable terminology. All statements other than statements of historical facts are forward-looking statements, including statements regarding our business strategies and ability to execute on our plans, market potential, future financial performance, customer demand, the potential of our categories, brands and innovations, the impact of our footprint rationalization, cost reduction, productivity and modernization initiatives, the impact of acquisitions and divestitures on our business and our ability to maximize value and integrate operations, our pipeline of productivity projects, the estimated impact of tax reform on our results, litigation outcomes, and our expectations, beliefs, plans, objectives, prospects, assumptions, or other future events, all of which involve risks and uncertainties that could cause actual results to differ materially. For a discussion of these risks and uncertainties, please refer to our Annual Report on Form 10-K for the year ended December 31, 2023 and our other filings with the U.S. Securities and Exchange Commission. The forward-looking statements included in this release are made as of the date hereof, and we undertake no obligation to update any forward-looking statements, except as required by law. 

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SOURCE JELD-WEN Holding, Inc.

FAQ

When will Samantha L. Stoddard become the CFO of JELD-WEN?

Samantha L. Stoddard will become the CFO of JELD-WEN on July 1, 2024.

What role did Samantha L. Stoddard hold before becoming the CFO of JELD-WEN?

Before becoming CFO, Samantha L. Stoddard was the North America CFO and head of global financial planning and analysis at JELD-WEN.

Who is the current CFO of JELD-WEN?

The current CFO is Julie C. Albrecht, who will step down on June 30, 2024.

How long has Samantha L. Stoddard been with JELD-WEN?

Samantha L. Stoddard has been with JELD-WEN since 2020.

What experience does Samantha L. Stoddard have before joining JELD-WEN?

Before joining JELD-WEN, Stoddard was CFO of the personal protection equipment business unit at Honeywell and held senior finance roles at various companies.