LANCASTER, PA - Frank Ready, CEO of Armstrong Flooring Products, is retiring after 30 years, Armstrong Industries (NYSE: AWI) announced.
Succeeding Ready is Thomas Mangas, who has served as CFO at Armstrong since February 2010, leading finance as well as information technology, global business services and process improvement activities.
David Schulz succeeds Mangas. Schulz most recently was VP Finance of Armstrong Building Products. He joined Armstrong in June 2011 after 14 years with Procter & Gamble and the J.M. Smucker Company in a wide range of finance leadership positions.
"In Tom Mangas, we have a well seasoned leader, whose global mindset and customer focus will enable our flooring business to fully leverage recent investments," Armstrong Industries CEO Matthew Espe said.
Armstrong floors and ceilings generated $2.6 billion in revenue last year. The company operates 35 plants in eight countries and employs 8,700 worldwide.
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