Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 1, 2022, John Linker, EVP and Chief Financial Officer of JELD-WEN
Holding, Inc. (the "Company"), notified the Company of his decision to resign to
pursue an opportunity in another industry. Mr. Linker will continue to serve as
the Company's EVP and Chief Financial Officer through March 31, 2022.
Mr. Linker's decision to resign is not related to any disagreement with the
Company on any matter relating to the Company's operations, policies or
practices (financial or otherwise). David Guernsey, the Company's current EVP
and President, Europe, will serve as Acting EVP and Chief Financial Officer,
effective April 1, 2022, while the Company conducts a search for a permanent
replacement. In addition, William (Bill) Christensen will join the Company as
EVP and President, Europe, effective April 1, 2022.
Mr. Guernsey, age 58, joined the Company as Senior Vice President, Europe in
July 2019 and was promoted to Executive Vice President and President, Europe in
May 2020. Prior to joining the Company, Mr. Guernsey served as Vice President,
Chief Financial Officer across multiple business units of Trane Technologies
(formerly Ingersoll Rand) from 2011 until 2019. Mr. Guernsey also served in
various key leadership roles at Pepsi Bottling Company, including Vice
President, Finance, and Director, Worldwide Performance Management from 1997
through 2008. Mr. Guernsey has a bachelor's degree in Finance and Business
Administration from Ball State University and an MBA from Butler University.
Mr. Christensen, age 49, most recently served as the Chief Executive Officer and
Group Executive Board Chair of REHAU AG, where he has led transformation efforts
to drive profitable growth. Prior to his appointment as Chief Executive Officer
in 2018, Mr. Christensen served as its Chief Marketing Officer. Prior to joining
REHAU AG, Christensen was CEO of AFG Holding, a Swiss-based global building
products manufacturer. In addition, he spent 10 years at Geberit International
AG, a Swiss-based global plumbing manufacturer, in several executive roles
including group executive board member and head of international sales, as well
as president and CEO of The Chicago Faucets Company. He also served in various
finance and business development roles at J.P. Morgan Securities and Rieter
Automotive Systems. Mr. Christensen has a bachelor's degree in economics from
Rollins College and an MBA from the University of Chicago's Booth School of
Business. He is on the board of directors at VELUX A/S.
There are no family relationships, as defined in Item 401(d) of Regulation S-K,
between each of Messrs. Guernsey and Christensen 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. Guernsey and any other person pursuant to which he was selected as
the Company's Acting EVP and Chief Financial Officer, and there is no
arrangement or understanding between Mr. Christensen and any other person
pursuant to which he was selected as the Company's EVP and President, Europe.
Neither 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. There were no material changes made to
Mr. Guernsey's compensatory arrangements, or awards granted, in connection with
his appointment as the Acting EVP and Chief Financial Officer.
The Company issued a press release announcing the appointments of Messrs.
Guernsey and Christensen and the departure of Mr. Linker. A copy of the press
release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Press Release, dated March 4, 2022.
104 Cover Page Interactive Data file (formatted as Inline XBRL).
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