Jeld-Wen Appoints New Senior Vice President & Chief Accounting Officer
On March 27, 2023, JELD-WEN Holding, Inc. (the “Company”) appointed Michael A. Leon as the Company’s Senior Vice President and Chief Accounting Officer, replacing Scott Vining. Mr. Vining will be leaving the Company after the Company’s first quarter financial close to ensure a smooth transition. Mr. Vining’s departure is not related to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
Mr. Leon has extensive financial and accounting experience, including financial reporting, financial planning and analysis, mergers and acquisitions, and internal audit, among others. From June 2018 to March 2023, Mr. Leon served as Chief Accounting Officer and Corporate Controller of Sealed Air Corporation, where he was also Assistant Corporate Controller from December 2014 until June 2018. Prior to Sealed Air, Mr. Leon held various accounting and finance positions with increasing levels of responsibilities at several diversified global manufacturing companies, including SPX Corporation, United Technologies Corporation and Goodrich Corporation. Mr. Leon has a Masters of Accounting degree from the University of South Carolina.
Pursuant to his employment agreement, Mr. Leon’s compensation includes a base salary of $380,000 per year; participation in the Company’s management incentive plan with a target incentive award of 50% of his base salary; participation in the Company’s long-term equity incentive plan with a target of 100% of his base salary; an award of 100,000 restricted stock units, which will vest in equal installments on each the second anniversary and third anniversary of March 27, 2023; and participation in the employee retirement, savings and welfare benefit plans and programs made available to the Company’s employees.
There are no family relationships, as defined in Item 401(d) of Regulation S-K, between Mr. Leon and any of the Company’s directors or executive officers, or persons nominated or chosen to become a director or an executive officer. There is no arrangement or understanding between Mr. Leon and any other person pursuant to which he was selected as the Company’s Chief Accounting Officer, and he does not have any direct or indirect material interest in any transaction or proposed transaction required to be disclosed at this time under Item 404(a) of Regulation S-K.
Source: JELD-WEN Holding, Inc.