Quanex Names New President

Quanex Building Products Corp. board of directors has elected William C. Griffiths, 61, as chairman, president and CEO effective July 9. He succeeds David D. Petratis who resigned to accept a position with another company. Griffiths has served on the Board since 2009.

“Bill is a seasoned executive with experience in a wide range of industries including building products. He has been a valued contributor during his tenure on the Board and we look forward to his leadership of Quanex,” said Joseph D. Rupp, lead director.

“Bill is the right executive to be the next CEO of Quanex as the management team focuses on making Quanex a significant force in the Building Products industry,” added Susan F. Davis, Quanex Board member and chairperson of the Management Development & Compensation Committee. “He is a well-rounded leader with a track record of positioning businesses under his stewardship with leading-edge manufacturing capabilities and driving impressive growth. His process based, results-oriented management style and knowledge of the building products industry will be invaluable as he drives growth at Quanex.”

“I am excited to be leading Quanex Building Products,” said Griffiths. “I have enjoyed working with Dave as he and the Board developed Quanex’s strategy over the past five years. We wish him the very best and thank him for his past service. My focus will be to continue to execute on that strategy and deliver superior customer service to our customers and long-term value to our shareholders.”

Griffiths was most recently the managing director and member of the board of directors of Sealine International Ltd., a privately held manufacturer of motor yachts based in the United Kingdom, until June 2013. Prior to joining Sealine, he served as chairman of the board, president and CEO of Champion Enterprises Inc., a producer of modular and manufactured housing, and president – Fluid Systems Division of SPX Corp., a global multi-industry company.

Petratis will now serve as chairman, president and CEO of Allegion, the $2 billion security company to be created upon separation from Ingersoll Rand. Petratis will begin work August 5 and will chair the new board when Allegion becomes a standalone, publicly-traded company, which is expected to occur before year-end, according to an Ingersoll Rand announcement. Allegion is an Irish plc, with its North American corporate center in Carmel, Ind., employing about 7,600 people in 35 countries including 20 production and distribution facilities around the world.

 

 

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