Knauf will reorganize USG management after closing

28.01.2019 − 

The German building materials manufacturer Knauf intends to appoint a new management team following the completion of the takeover of the US building materials group USG. Subject to the necessary official approvals and other customary closing conditions, the closing is expected to take place before the end of the current quarter. Until then, the current USG management, headed by President and CEO Jennifer Scanlon, will remain in office. Her successor will be Christopher Griffin, who was appointed CEO of Knauf Insulation North America in April 2016. According to Knauf, he previously spent a total of 18 years in various management positions at USG, most recently as Chief Financial Officer from September 2013 to August 2015.

According to the announcement published on 22 January, Knauf has also appointed the following individuals to USG's future management team, all of whom will report to Griffin: Joseph Holmes (Senior Vice President (SVP) and President, Gypsum Division), Christopher Macey (SVP and President, Ceilings Division), Steven Bjorklund (SVP and President, Performance Materials Division), John Reale (SVP and Chief Customer Officer), Diane Earll (SVP and Chief Human Resources Officer), Mary Martin (SVP and General Counsel), Dr. Srinivas Veeramasuneni (SVP and Chief Technology Officer), Alexander Dadakis (Vice President (VP) Strategy and Transition). In addition, Stephanie Holdt, currently VP Corporate Controlling at Knauf, will assume the position of SVP and Chief Financial Officer at USG upon completion of the transaction.

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