- Slice of Finance
- Posts
- Atkore Inc. Announces Key Executive Changes in Financial Leadership
Atkore Inc. Announces Key Executive Changes in Financial Leadership
Key Highlights:
David Johnson resigns as VP, CFO, and CAO effective August 9, 2024.
John Deitzer appointed as new Vice President and Chief Financial Officer.
James Alvey promoted to Chief Accounting Officer.
Johnson's tenure marked by balanced capital deployment and strategic growth.
Source (Business Wire)
Notable Quotes:
"On behalf of Atkore, I thank David for his numerous contributions during the past six years. Under his leadership, Atkore has created a balanced capital deployment model enabling acquisitions, internal investments, stock repurchases, and quarterly dividends. Adhering to this disciplined financial management in combination with our standard organizational leadership succession planning will certainly provide for a smooth transition of responsibilities. David will be missed as both a colleague and Atkore teammate, and we wish him the best.”
"I’m proud to have been a part of Atkore’s accomplishments over the years. Atkore is positioned for long-term success with a strong team, strategic vision, and continuous improvement processes. The difficult decision to leave Atkore for a career advancement opportunity was made easier, in part, knowing John and James possess the skills and qualifications to quickly assume these roles.”
Our Take:
Atkore Inc.'s strategic executive transitions demonstrate the company's robust leadership succession planning and commitment to maintaining operational stability and growth. David Johnson's impactful tenure and the appointment of experienced leaders like John Deitzer and James Alvey ensure a smooth transition and continued focus on strategic financial management. This move aligns with Atkore's long-term vision and strengthens its position in the market, promoting sustained success in the electrical products industry.