Quanex Names New Chief Executive
The board of directors of Quanex Building Products Corp. has elected William C. Griffiths, 61, to serve as chairman, president and CEO. Having served on the board of the window and door industry supplier since 2009, he succeeds David D. Petratis, who resigned to accept a position with another company.
"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," says Joseph D. Rupp, lead director, on behalf of the board. "The board is delighted in having Bill to be Quanex's next CEO, as he is very familiar with the operations and strategic direction of the company."
"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," adds Susan F. Davis, also a Quanex board member and chairperson of its 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," says 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. I look forward to working with the leadership team as we continue building strength across all of Quanex."
Griffiths most recently served as the managing director and a member of the board of directors of Sealine International Ltd., a privately held manufacturer of motor yachts based in the United Kingdom. Prior to joining Sealine, he served as chairman of the board, president and CEO of Champion Enterprises Inc., the producer of modular and manufactured housing.