Resideo announced on Tuesday that it has appointed Jay Geldmacher as its new president and CEO effective May 28th. Geldmacher, who will also become a member of the company’s board of directors, succeeds Mike Nefkens who stepped down from the role last December.
"Jay is the ideal CEO to lead Resideo forward," Roger Fradin, chairman of the board of Resideo, said in a statement. "Jay has a long history of operational excellence while delivering profitable growth and value creation in complex technology and manufacturing environments. Like Resideo, he combines an industrial heritage with innovative technology expertise, and under his leadership, we expect the company to refocus on providing world class products and services to our customers. The board is grateful to Mike Nefkens for his contributions during the COVID crisis."
Fradin continued: "Jay joins Resideo at an important inflection point, as we transform the business to better serve our attractive markets. With the support of the board, we are confident Jay will leverage his expertise to further transform the business, position the company to deliver enhanced operational and financial performance and create substantial shareholder value. We look forward to embarking on this exciting new chapter together."
Geldmacher brings a wealth of experience to Resideo having led a complex industrial and technology spinout, Artesyn Embedded Technologies. He most recently served as president and CEO of Electro Rent Corp, a provider of test and measurement solutions.
Geldmacher said: "Resideo's great product history, significant markets and long-standing relationships with its channel partners position it not just to compete, but to win. I am eager to build upon the transformation already underway and excited to see what we will do together as a team."
