Trex Company Names Dennis Schemm Vice President and Chief Financial Officer
WINCHESTER, Va.--(BUSINESS WIRE)--Apr 20, 2020--
Trex Company, Inc. (NYSE:TREX), the world’s number-one brand of decking and railing and leader in high-performance, low-maintenance outdoor living products, and a leading national provider of custom-engineered railing systems, today announced that it has named Dennis Schemm to the position of Vice President and Chief Financial Officer. Mr. Schemm succeeds Bryan H. Fairbanks, Executive Vice President and Chief Financial Officer, who will assume the position of President and Chief Executive Officer on April 29, 2020. On that date, James E. Cline will move to Chairman of the Board of Directors from his current position as President and Chief Executive Officer.
Mr. Schemm has over 25 years of experience as a financial and operating executive at publicly-traded companies. Most recently, he served as the Senior Vice President and Chief Financial Officer of Continental Building Products from 2015 until its acquisition by CertainTeed, a subsidiary of Saint-Gobain, in early 2020. Previously, he held senior financial roles at Armstrong Flooring and Danaher Corporation, following a 15-year career at Monsanto Company.
Commenting on this appointment, Bryan Fairbanks noted, “Dennis brings extensive industry knowledge, financial acumen and the proven ability to lead. His background and continuous improvement mindset make him an excellent business and cultural fit for Trex. I look forward to working closely with him, along with the executive leadership team, to execute on our strategic growth plans.”
Mr. Schemm stated, “I am excited to join the Trex team, having long admired the Company for its market leadership, premium brand, great products and unparalleled channel partners. I look forward to working with the entire team in support of continued long-term value creation at Trex.”
Dennis Schemm received a BS degree in accounting and computer science from Penn State University and an MBA degree from Carnegie Mellon University.
About Trex Company
Trex Company is the world’s largest manufacturer of high performance wood-alternative decking and railing with more than 25 years of product experience. Stocked in more than 6,700 retail locations worldwide, Trex outdoor living products offer a wide range of style options with fewer ongoing maintenance requirements than wood, as well as a truly environmentally responsible choice. Also, Trex is a leading national provider of custom-engineered railing and staging systems for the commercial and multi-family market, including performing arts venues and sports stadiums. For more information, visit trex.com.
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CONTACT: Bryan Fairbanks
Exec. Vice President and CFO
540-542-6300Lynn Morgen/Viktoriia Nakhla
KEYWORD: DISTRICT OF COLUMBIA VIRGINIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: OTHER MANUFACTURING COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY CHEMICALS/PLASTICS LANDSCAPE MANUFACTURING BUILDING SYSTEMS OTHER CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE
SOURCE: Trex Company, Inc.
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PUB: 04/20/2020 09:00 AM/DISC: 04/20/2020 09:01 AM