Armstrong Reorganizes Wood Products Management Team
Armstrong Wood Products comprises the wood floor and cabinet businesses of Triangle Pacific acquired by Armstrong in 1998. Triangle Pacific is the world's largest wood flooring manufacturer and the sixth largest cabinet manufacturer.
Floyd F. Sherman, 61, currently chairman and chief executive officer of Armstrong Wood Products will remain chairman of Triangle Pacific Corp. during a twelve-month transition period, at which time he will retire from the company. E. Dwain Plaster, 50, currently president and chief operating officer of Triangle Pacific Corp. announced he will also retire to pursue other opportunities. The management changes are effective immediately.
"Realizing the benefits forecast when we bought Triangle Pacific is a key operating priority. Frank was involved in the acquisition, knows the people and the business and is therefore uniquely well positioned to take on this challenge," said Armstrong Chairman and CEO Michael D. Lockhart. "Floyd and Dwain built this business and played a critical role in its integration into Armstrong. Their help in the transition will be essential to our ensuring our continued leadership position in the wood industry."
In other corporate news, Armstrong said it had promoted its deputy general counsel for litigation, John N. Rigas, to senior vice president, general counsel and corporate secretary, effective immediately.
Rigas replaces Deborah K. Owen who resigned her day-to-day operating responsibilities on Oct. 26th. She is now a consultant to the company.