SPRINGFIELD, Vt. — On June 22, a day after hiring a new chief financial officer, window and door manufacturer Jeld-Wen announced it will close its Springfield, Vermont, plant and merge operations with the company’s Ludlow, Vermont, location.
As a result, 80 to 90 employees were informed that they would be laid off. Jeld-Wen has asked some employees to stay on to support the transition. Eight to 10 workers were asked to stay on, according to a local news station. Approximately 100 people will be asked to move to the Ludlow location once everything has been completed.
The announcement came just after Jeld-Wen announced the hiring of a chief financial officer, effective July 18, 2022.
Julie C. Albrecht will join Jeld-Wen as executive vice president and chief financial officer. Albrecht joins the company from Sonoco, a global sustainable packaging company with 2021 sales of $5.6 billion, where she has served as CFO since March 2019. She will replace EVP and Acting CFO David Guernsey who will transition into another leadership role.
“Julie is a proven finance executive who has successfully led large global teams for public companies, and we are excited to have her join the JELD-WEN team,” said Chair and CEO Gary S. Michel. “The breadth and depth of her background in finance, combined with her strong leadership skills, will help us further engage investors as we execute our multi-faceted growth strategy. We continue to be focused on growing market share, expanding margins, and delivering increased shareholder value.”
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