Simpson Production Co. Appoints Matt Dunn as Well-known Monetary Officer and Treasurer

PLEASANTON, Calif., Oct. 28, 2024 /PRNewswire/ — Simpson Production Co., Inc. (the “Company”) (NYSE: SSD), an business chief in engineered structural connectors and development answers, as of late introduced it has appointed Matt Dunn as Well-known Monetary Officer and Treasurer, efficient January 1, 2025. Mr. Dunn has served as Simpson’s Senior Vice President of Finance since June 2024 and can prevail Brian Magstadt. Mr. Magstadt will proceed in his function as CFO during the finish of 2024, next which he’s going to stay hired as an Government Guide to lend a hand with the transition till his departure on June 30, 2025. This strategic rent follows a complete seek for the perfect candidate with a confirmed monitor report of demonstrated management, strategic features and values that align with Simpson’s core ideas of doing industry, as impressed by way of the Corporate’s Founder.

As CFO, Mr. Dunn will attend to the monetary and chance control operations of the Corporate, together with the monetary technique, metrics and ongoing tracking of keep an eye on programs. He additionally will supremacy the Corporate’s capital request, allocation, and budgeting processes; observe money balances and money forecasts; put in force money funding methods; and guard and manage its finance, audit, and tax groups. Moreover, Mr. Dunn shall be liable for comparing doable mergers and acquisitions that align with Simpson’s enlargement targets, supervising acquisition due diligence and negotiating acquisitions.

Mr. Dunn brings greater than 23 years of revel in within the monetary control of diverse high-profile manufacturers in management roles spanning company finance and technique. Previous to becoming a member of Simpson, he maximum lately served as Senior Vice President of Finance, North The united states at Helen of Troy, a $2 billion international client merchandise corporate, the place he oversaw the monetary efficiency of its greatest pocket. Previous that, Mr. Dunn led the keeping wall section of Inventure Crew, a privately held civil development merchandise corporate. He additionally spent 12 years in roles of accelerating seniority in finance at Procter & Gamble, preceded by way of 3 years in operations finance at Kimberly-Clark. Mr. Dunn holds Bachelor of Arts levels in Finance and Accounting from Cedarville College.

Mike Olosky, Simpson’s President and Well-known Government Officer, commented, “We are delighted to appoint Matt as Simpson’s new CFO. Matt is a highly accomplished finance professional with an impressive track record of driving strong results and forward thinking. He has already made valuable contributions in his short time at the Company, and I am confident he will be an integral player in further solidifying Simpson as a leader in the building products space. Additionally, I’d like to extend my gratitude to Brian Magstadt for his 20 years of service with the Company. We wish him all the best in his retirement.”

“Simpson’s proven business model, strong brand recognition, and trusted reputation make it an honor to be named CFO at such an exciting time in the Company’s evolution,” stated Mr. Dunn. “I’d like to extend my appreciation to Brian for his continued guidance over the next several months and support in helping to ensure a seamless transition. I look forward to leveraging my experience to further Simpson’s mission and to drive continued success for all of our stakeholders.”

About Simpson Production Co., Inc.

Simpson Production Co., Inc., headquartered in Pleasanton, California, thru its subsidiaries, together with Simpson Robust-Fasten Corporate Inc., designs, engineers and is a well-known producer of timber development merchandise, together with connectors, truss plates, fastening programs, fasteners and shear partitions, and urban development merchandise, together with adhesives, strong point chemical compounds, mechanical anchors, powder actuated equipment and reinforcing fiber fabrics. The Corporate essentially provides its development product answers to each the residential and business markets in North The united states and Europe. The Corporate’s habitual conserve trades at the Fresh York Keep Alternate below the emblem “SSD.”

Cautionary Word Relating to Ahead-Taking a look Statements

This press loose accommodates forward-looking statements inside the that means of the Non-public Securities Litigation Reform Occupation of 1995, Division 27A of the Securities Occupation of 1933, as amended, and Division 21E of the Securities Alternate Occupation of 1934, as amended. Ahead-looking statements in most cases will also be recognized by way of phrases akin to “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “outlook,” “target,” “continue,” “predict,” “project,” “change,” “result,” “future,” “will,” “could,” “can,” “may,” “likely,” “potentially,” or homogeneous expressions. Ahead-looking statements are all statements alternative than the ones of historic reality and come with, however don’t seem to be restricted to, statements about month monetary and working effects, our plans, goals, industry outlook, priorities, expectancies and intentions, expectancies for gross sales and marketplace enlargement, similar gross sales, profits and function, stockholder worth, capital expenditures, money flows, the housing marketplace, the house growth business, call for for services and products, proportion repurchases, our ongoing integration of ETANCO, our strategic tasks, together with the have an effect on of those tasks on our strategic and operational plans and fiscal effects, and any observation of an supposition underlying any of the foregoing.

Ahead-looking statements are topic to inherent uncertainties, dangers and alternative components which are tricky to are expecting and may purpose our original effects to change in subject material appreciates from what we’ve got expressed or implied by way of those forward-looking statements. Impressive components that might purpose our original effects and fiscal situation to vary materially from the ones expressed in or implied by way of our forward-looking statements come with the impact of worldwide pandemics such because the COVID-19 pandemic and alternative prevailing society fitness extremity and their results at the international economic system, the results of inflation and exertions and provide shortages, on our operations, the operations of our shoppers, providers and industry companions, and our ongoing integration of ETANCO, in addition to the ones mentioned within the “Risk Factors” and ” Management’s Discussion and Analysis of Financial Condition and Results of Operations” categories of our most up-to-date Annual Record on Method 10-Ok, next Quarterly Reviews on Method 10-Q and alternative studies we report with the SEC.

We warning that you just will have to now not playground undue reliance on those forward-looking statements, which discuss simplest as of the month of this press loose. We adopt refuse legal responsibility to publicly replace any forward-looking observation, whether or not because of pristine data, month traits or differently, apart from as could also be required by way of legislation. Readers are steered to rigorously overview and imagine the diverse disclosures made in our studies filed with the SEC that advise of the hazards and components that can have an effect on our industry, result of operations and fiscal situation.

CONTACT:
Addo Investor Family members
[email protected]
(310) 829-5400

SOURCE Simpson Production Co., Inc.

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