Orsino Joins Jeld-Wen
As previously announced with the Onex Corp. planned investment in Jeld-Wen, Philip Orsino has joined the Oregon-based window and door maker as president. Rod Wendt, who has been Jeld-Wen's CEO and president since 1992, remains as CEO.
It was originally planned that Orsino would join Jeld-Wen upon the closing of the Onex's equity investment agreement. That is expected sometime in the third quarter. The window and door manufacturer decided not to wait, however, and appointed Orsino ahead of schedule so he could immediately participate in key initiatives, officials state.
Orsino was the president and CEO of Masonite International until 2005. As Jeld-Wen president, he is responsible for day-to-day operations and will work with the executive management team to continue to improve the manufacturer's overall operational and financial performance.
After co-founding Century Door in 1983, Orsino led the company through its 1989 merger with Premdor. That was followed by the 2001 acquisition of Masonite Corp. from International Paper. Premdor took on the Masonite name, and under Orsino’s leadership, the company grew organically and through acquisition to $2.5 billion in sales generated in 18 countries, it is reported.
Orsino’s business experience extends beyond the door industry. He also serves on the boards of Tomkins Building Products Inc., RSI Home Products Inc., Clairvest Inc. and the Bank of Montreal, where he chairs the audit committee. He was appointed an Officer of the Order of Canada in 2004, was the recipient of Canada's Outstanding Chief Executive Officer of the Year award in 2003, received the University of Toronto's Distinguished Business Alumni Award for 2002 and won the 1998 Entrepreneur of the Year Award for Manufacturing sponsored by Ernst & Young, it is also reported.
“I have known Philip for more than 25 years and it is an honor to welcome him to our executive team,” Wendt states.