NCI Building (NCS) CFO To Retire, Search On For Replacement
Zacks Investment Research | Apr 04, 2018 10:06PM ET
NCI Building Systems, Inc. (NYSE:NCS) recently announced that its executive vice president-cum-chief financial officer (CFO) and treasurer, Mark E. Johnson, is about to retire. The company veteran, with a 12-year stint, will hold the posts until the succession process is completed and a new CFO is named.
Johnson has played an integral role in the development of NCI Building, including the establishment of the company’s current capital structure, and formulated a strong financial and operational position. Also, of late, Johnson has been supporting the change in the reportable business segments of the company.
In the fourth-quarter 2017 conference call, Johnson stated that modification of NCI Building’s business segments from three reportable divisions to four new segments will enable the company to focus more on operating performance and allocating resources. Johnson also stated that the change in its internal operating structure following the retirement of Norm Chambers and the succession of Don Riley as the CEO was essential as realigning the reporting framework will be apt for strategically managing the business.
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