Meet the Board of Directors of JELD-WEN Holding

JELD-WEN Holding is a leading global manufacturer of windows, doors, and other building products. The company has a long and storied history that dates back more than 50 years. Today, JELD-WEN is a publicly traded company with a diverse portfolio of products and services. At the helm of JELD-WEN is its Board of Directors, a group of experienced and dedicated individuals who bring their unique perspectives and expertise to the table. In this article, we will take an in-depth look at the Board of Directors of JELD-WEN Holding, their roles and responsibilities, and how they help shape the strategic direction of the company.

The History and Evolution of JELD-WEN Holding

JELD-WEN Holding was founded in the 1960s as a small millwork plant in Oregon. Over the years, the company has grown and expanded through strategic acquisitions and partnerships. Today, JELD-WEN is a global leader in the building products industry, with operations in more than 20 countries and a reputation for quality, innovation, and sustainability.

In recent years, JELD-WEN has made significant investments in technology and research to develop new, innovative products that meet the changing needs of the construction industry. The company has also placed a strong emphasis on sustainability, implementing eco-friendly practices in its manufacturing processes and using sustainable materials in its products. JELD-WEN's commitment to innovation and sustainability has earned it numerous awards and recognitions, including being named one of the World's Most Ethical Companies by Ethisphere Institute for six consecutive years.

How JELD-WEN's Board of Directors is Structured and Organized

The Board of Directors of JELD-WEN consists of nine members, each of whom brings a wealth of experience and expertise to the table. The Board is responsible for overseeing the management of the company and ensuring that it operates in the best interests of its shareholders.

The Board of Directors is structured in a way that ensures diversity and independence. The majority of the members are independent directors, meaning they have no affiliation with the company other than serving on the Board. Additionally, the Board has established committees, such as the Audit Committee and the Compensation Committee, to oversee specific areas of the company's operations and provide recommendations to the full Board. This structure allows for effective oversight and decision-making, ultimately benefiting the company and its stakeholders.

The Role of the Board of Directors in Shaping JELD-WEN's Strategic Direction

The Board of Directors plays a critical role in shaping JELD-WEN's strategic direction. They work closely with the company's executive team to set the company's goals and objectives, and to ensure that JELD-WEN is pursuing the right opportunities. The Board is also responsible for monitoring the company's performance, and for making adjustments as needed to ensure that JELD-WEN remains on track.

In addition to setting goals and monitoring performance, the Board of Directors also plays a key role in ensuring that JELD-WEN operates in an ethical and responsible manner. They establish and enforce policies and procedures that promote transparency, accountability, and compliance with legal and regulatory requirements. The Board also oversees the company's risk management practices, ensuring that JELD-WEN is taking appropriate steps to identify and mitigate potential risks.

A Profile of Each Member of JELD-WEN's Board of Directors

Let's take a closer look at each member of JELD-WEN's Board of Directors, and the expertise and experience that they bring to the table:

Mr. Kirk S. Hachigian (Executive Chairman)

Mr. Hachigian has been the Executive Chairman of JELD-WEN since 2015. He has over 30 years of experience in the building products industry, and has served on a number of prominent boards throughout his career. Mr. Hachigian brings expertise in finance, operations, and strategy to JELD-WEN.

Ms. Karin A. Kraai (Director)

Ms. Kraai has been a member of JELD-WEN's Board of Directors since 2015. She has extensive experience in finance, having served as the Chief Financial Officer of two publicly traded companies. Ms. Kraai also has experience in M&A, strategy, and operations.

Mr. Patrick M. Long (Director)

Mr. Long has been a member of JELD-WEN's Board of Directors since 2011. He has extensive experience in the building products industry, having worked for several major companies over the course of his career. Mr. Long brings expertise in manufacturing, logistics, and supply chain management to JELD-WEN.

Ms. Wendy A. Marlett (Director)

Ms. Marlett has been a member of JELD-WEN's Board of Directors since 2019. She has over 20 years of experience in the consumer products industry, and has held a variety of senior-level positions throughout her career. Ms. Marlett brings expertise in marketing, branding, and customer engagement to JELD-WEN.

Mr. James C. Lanning (Director)

Mr. Lanning has been a member of JELD-WEN's Board of Directors since 2016. He has extensive experience in the building products industry, having worked for several major companies over the course of his career. Mr. Lanning brings expertise in operations, manufacturing, and supply chain management to JELD-WEN.

Ms. Stephanie M. Moss (Director)

Ms. Moss has been a member of JELD-WEN's Board of Directors since 2019. She has over 30 years of experience in the building products industry, and has held a variety of senior-level positions throughout her career. Ms. Moss brings expertise in operations, manufacturing, and sustainability to JELD-WEN.

Mr. Michael E. Newkirk (Director)

Mr. Newkirk has been a member of JELD-WEN's Board of Directors since 2011. He has extensive experience in the building products industry, having worked for several major companies over the course of his career. Mr. Newkirk brings expertise in finance, operations, and strategy to JELD-WEN.

Mr. Roderick A. Palmore (Director)

Mr. Palmore has been a member of JELD-WEN's Board of Directors since 2018. He has extensive experience in the legal industry, and has served as General Counsel for several major companies. Mr. Palmore brings expertise in legal, regulatory, and compliance issues to JELD-WEN.

Mr. Andrew S. York (Director)

Mr. York has been a member of JELD-WEN's Board of Directors since 2019. He has over 20 years of experience in the building products industry, and has held a variety of senior-level positions throughout his career. Mr. York brings expertise in finance, operations, and strategic planning to JELD-WEN.

Ms. Sarah K. Lee (Director)

Ms. Lee has been a member of JELD-WEN's Board of Directors since 2020. She has over 25 years of experience in the technology industry, and has held various leadership positions in companies such as Microsoft and Amazon. Ms. Lee brings expertise in digital transformation, innovation, and technology strategy to JELD-WEN.

Mr. John D. Smith (Director)

Mr. Smith has been a member of JELD-WEN's Board of Directors since 2020. He has over 30 years of experience in the manufacturing industry, and has held various leadership positions in companies such as Caterpillar and Deere & Company. Mr. Smith brings expertise in lean manufacturing, operational excellence, and supply chain management to JELD-WEN.

The Expertise and Experience that Each Director Brings to the Table

As you can see, each member of JELD-WEN's Board of Directors brings a unique set of skills, experiences, and perspectives to the table. Collectively, they provide the company with the leadership, guidance, and oversight it needs to succeed.

For example, John Smith, one of the directors, has extensive experience in the construction industry and has led several successful companies in the past. His expertise in project management and strategic planning has been invaluable to JELD-WEN's growth and expansion. Another director, Jane Doe, has a background in finance and has helped the company navigate through challenging economic times. Her knowledge of financial markets and risk management has been crucial in ensuring the company's financial stability. Each director brings their own unique strengths and perspectives, making JELD-WEN's Board of Directors a well-rounded and effective team.

How JELD-WEN's Board of Directors Has Helped Drive Growth and Innovation

JELD-WEN's Board of Directors has played a key role in driving the company's growth and innovation over the years. They have been instrumental in identifying and pursuing new opportunities, and in ensuring that the company remains competitive in a rapidly-changing industry.

One of the ways in which JELD-WEN's Board of Directors has helped drive growth and innovation is through their focus on sustainability. They have implemented initiatives to reduce the company's environmental impact, such as using renewable energy sources and reducing waste. This not only benefits the environment, but also helps to improve the company's reputation and appeal to customers who prioritize sustainability.

Insights into the Decision-Making Process at JELD-WEN Holding

The decision-making process at JELD-WEN is highly collaborative and iterative. The Board of Directors works closely with the executive team to explore and evaluate different options, and to ensure that any decisions made are in the best interests of the company and its shareholders.

One key aspect of the decision-making process at JELD-WEN is the emphasis on data-driven analysis. The company collects and analyzes a wide range of data, including market trends, customer feedback, and financial performance metrics, to inform its decision-making. This approach helps to ensure that decisions are based on objective information rather than subjective opinions or assumptions.

Perspectives from Industry Experts on JELD-WEN's Board of Directors

Industry experts have praised the Board of Directors of JELD-WEN Holding for its diverse composition, its commitment to sustainability, and its focus on long-term value creation. They have also highlighted the Board's ability to balance short-term and long-term objectives, and to navigate complex challenges with skill and expertise.

One industry expert noted that the Board's commitment to sustainability is not just a buzzword, but a core value that is reflected in the company's operations and decision-making. Another expert praised the Board's efforts to engage with stakeholders and listen to their concerns, which has helped to build trust and strengthen relationships with customers, employees, and investors. Overall, the consensus among industry experts is that JELD-WEN's Board of Directors is a strong and effective leadership team that is well-positioned to guide the company through the challenges and opportunities of the future.

The Importance of Diversity and Inclusion on JELD-WEN's Board of Directors

JELD-WEN's Board of Directors is committed to diversity, equity, and inclusion. The company believes that a diverse Board is essential for driving innovation and ensuring that all stakeholders are represented. JELD-WEN actively seeks candidates from a variety of backgrounds and experiences, and aims to create an inclusive culture where all voices are heard and valued.

Research has shown that diverse boards are more effective in decision-making and problem-solving. By having a range of perspectives and experiences, JELD-WEN's Board is better equipped to identify and address potential challenges and opportunities. This ultimately leads to better outcomes for the company and its stakeholders.

In addition to promoting diversity and inclusion on its Board, JELD-WEN also prioritizes these values throughout the company. The company has implemented training programs and initiatives to ensure that all employees feel valued and supported, regardless of their background or identity. By fostering a culture of inclusivity, JELD-WEN is able to attract and retain top talent, and create a more innovative and successful business.

Recent Developments and Changes in JELD-WEN's Board of Directors

In recent years, JELD-WEN's Board of Directors has undergone several changes and transitions. New members have been added, and some long-time members have stepped down. These changes have been driven by the company's evolving needs and strategic priorities, and reflect JELD-WEN's ongoing commitment to excellence and innovation.

One of the most significant changes in JELD-WEN's Board of Directors was the appointment of a new CEO in 2018. Gary S. Michel took over the role from Kirk S. Hachigian, who had served as CEO since 2015. Michel brought with him a wealth of experience in the building products industry, having previously held executive positions at Honeywell and Ingersoll Rand.

Another recent development in JELD-WEN's Board of Directors is the company's increased focus on sustainability and environmental responsibility. In 2020, JELD-WEN announced a new sustainability strategy, which includes goals such as reducing greenhouse gas emissions and increasing the use of sustainable materials in its products. The Board of Directors has played a key role in shaping and implementing this strategy, reflecting JELD-WEN's commitment to being a responsible corporate citizen.

Future Plans for JELD-WEN's Board of Directors and Their Impact on the Company

Moving forward, JELD-WEN's Board of Directors will continue to play a critical role in shaping the company's strategic direction and driving its growth and innovation. They will work closely with the executive team to identify and pursue new opportunities, while safeguarding the interests of the company and its shareholders. With their expertise, experience, and dedication, JELD-WEN's Board of Directors is poised to lead the company into a bright and successful future.