Simpson Manufacturing Co. Announces CFO Appointment
Simpson Manufacturing Co., Inc. (NYSE: SSD), a leader in engineered structural connectors and building solutions, has appointed Matt Dunn as the new Chief Financial Officer (CFO) and Treasurer. This pivotal role will take effect on January 1, 2025, following his successful tenure as Senior Vice President of Finance, which began in June 2024.
A Strategic Transition
Mr. Dunn succeeds Brian Magstadt, who will serve as CFO until the end of 2024 and transition into an Executive Advisor role as he prepares for retirement. This strategic appointment comes as Simpson seeks a seasoned leader who embodies the company’s core values and exhibits proven experience in the finance sector. The search for Mr. Dunn highlights the company’s commitment to maintaining its robust leadership as it navigates the next phase of growth.
Responsibilities and Expectations
In his new role, Mr. Dunn will be responsible for overseeing all financial and risk management aspects of the company. This includes shaping the financial strategy, monitoring key performance indicators, and ensuring the efficacy of control systems. He will manage capital requests, budget processes, cash management, and investment strategies while leading finance, audit, and tax teams. Furthermore, Mr. Dunn will scrutinize potential mergers and acquisitions that align with Simpson's long-term vision.
Rich Experience in Finance
Mr. Dunn's extensive background spans over 23 years in financial management across multiple high-profile corporations. He most recently served as Senior Vice President of Finance for North America at Helen of Troy, a global consumer products company where he oversaw substantial regional financial performance. His previous experience includes leading the retaining wall division at Inventure Group and roles at Procter & Gamble, coupled with a solid foundation in operations finance at Kimberly-Clark. Mr. Dunn holds Bachelor of Arts degrees in both Finance and Accounting from Cedarville University.
Leadership insights
Mike Olosky, President and Chief Executive Officer of Simpson, expressed enthusiasm about the appointment, stating, "We are thrilled to welcome Matt as our new CFO. His impressive track record and proactive approach are already making a difference in our operations. I also want to extend my sincere thanks to Brian Magstadt for two decades of service and guidance. We wish him the best in this new chapter of his life."
In his acceptance, Mr. Dunn remarked, "It is an honor to be appointed CFO at this pivotal moment for the company. I appreciate the trust placed in me and look forward to working closely with Brian during this transition. My goal is to utilize my experience to enhance Simpson's mission and success for all involved."
About Simpson Manufacturing Co., Inc.
Simpson Manufacturing Co., Inc. is headquartered in California and operates through subsidiaries, including Simpson Strong-Tie Company Inc. The company is renowned for designing and manufacturing wood construction products, alongside concrete construction solutions. Their products range from connectors and fasteners to adhesives and mechanical anchors which are utilized in both residential and commercial markets across North America and Europe. The company is publicly traded on the New York Stock Exchange under the ticker symbol "SSD."
Frequently Asked Questions
Who is Matt Dunn?
Matt Dunn is the newly appointed Chief Financial Officer and Treasurer of Simpson Manufacturing Co., Inc., with extensive experience in financial management.
What are Matt Dunn’s main responsibilities as CFO?
As CFO, Mr. Dunn will oversee the financial strategy, risk management, budgeting processes, and potential mergers and acquisitions.
Who will Matt Dunn succeed as CFO?
Mr. Dunn will succeed Brian Magstadt, who will support the transition as an Executive Advisor until his retirement.
What are some key companies in Matt Dunn’s career?
Prior to joining Simpson, Mr. Dunn held significant positions at Helen of Troy, Procter & Gamble, and Kimberly-Clark.
What does Simpson Manufacturing Co. specialize in?
Simpson specializes in engineered structural connectors and a wide variety of construction products primarily for the residential and commercial markets.
