Business
American Woodmark Announces Leadership Transition
CFO Scott Culbreth named CEO; former CEO Cary Dunston retires; Paul Joachimczyk named CFO; Vance Tang elected Chairman; SVP of Sales Perry Campbell separates
About this update from American Woodmark Corporation
[{"type":"text","content":"CFO Scott Culbreth named CEO; former CEO Cary Dunston retires; Paul Joachimczyk named CFO; Vance Tang elected Chairman; SVP of Sales Perry Campbell separates\n\n\nWINCHESTER, Va., July 14, 2020 /PRNewswire/ -- American Woodmark Corporation (NASDAQ: AMWD), a leading supplier of cabinetry to the new construction and remodeling industries, today announced M. Scott Culbreth as President and Chief Executive Officer of the company. \nCulbreth, who had been American Woodmark's Senior Vice President and Chief Financial Officer, succeeds S. Cary Dunston, who has retired and resigned from the board. Paul Joachimczyk, Vice President of Financial Planning and Analysis, replaces Culbreth as Vice President and CFO. Vance W. Tang, former Lead Independent Director, has been elected non-executive Chairman of the Board of Directors.\nThe moves come after an internal investigation found that R. Perry Campbell, Senior Vice President, Sales and Commercial Operations, had exhibited behavior that violated the company's policies and values. Campbell has been separated from his position. His separation was not related to American Woodmark's operational or financial performance.\n\"I have been privileged to be a part of the American Woodmark family for 14 years, the last five as CEO, and it has been one of the most rewarding experiences of my life,\" said Dunston. \"I'm incredibly proud of our accomplishments, but recent developments in both my personal and professional life have prompted me to think about the future; about the next generation of leadership to take the helm of this amazing company. Having worked with Scott for several years, I am confident that he is the right person to take the organization forward, and I will be available to support him.\" \n\"On behalf of the board of directors, Cary has our immense gratitude for his years of outstanding service to the company, and we wish him well with his new chapter,\" said Tang, who joined the Board in 2009 and formerly served as President/CEO of KONE, Inc. and currently serves on the Board of Comfort Systems USA, Inc. \"As we make this transition, Scott's exceptional performance as our CFO over the past six years gives us confidence that he is prepared and equipped to lead our organization forward. I look forward to working with Scott, and will do my best to fulfill the confidence the board has p...