Jeld-Wen CFO departs
Window and door manufacturer Jeld-Wen announced that executive VP and CFO Neil Stuart has resigned, effective Sept. 28. No reason was given for his departure.
The Klamath Falls, Ore.-based company expects to name a successor shortly. Stuart has agreed to stay engaged with Jeld-Wen through October to help with a smooth transition, the announcement said.
Stuart became CFO at Jeld-Wen in 2009, and was credited with leading a bond sale that kept the private door and window manufacturer afloat during the housing bust. The family-owned company was taken over last year by the Onex Co., a Toronto private equity firm.
Prior to Jeld-Wen, Stuart was CFO of Pope & Talbot in 2007 when the Portland wood products company filed for bankruptcy.
“[Stuart] has played a key role at the company during one of the most challenging times the building industry has faced,” said Jeld-Wen president Philip Orsino. “He has led significant change in the company and helped position it to grow and prosper, including his efforts in the successful recapitalization involving the equity investment by Onex Corp.”