PLEASANTON, Calif., May 20, 2024
/PRNewswire/ -- Simpson Manufacturing Co., Inc. (the "Company")
(NYSE: SSD), an industry leader in engineered structural
connectors and building solutions, today announced Udit Mehta has joined the Company as Chief
Technology Officer, effective May 10,
2024.
Mr. Mehta will primarily be responsible for overseeing
Simpson's technology
infrastructure and customer-facing digital offering and will report
directly to the Company's President and Chief Executive Officer,
Mike Olosky. His demonstrated
expertise in developing technology strategies, launching digital
solutions, enhancing cybersecurity, improving customer experience,
and optimizing IT spending will be integral to helping drive
innovation, efficiency, and software development at Simpson.
Prior to joining Simpson, Mr.
Mehta spent four years at Carrier Global Corporation as the Chief
Digital & Information Officer and GM Solutions for the Fire
& Security segment. During his tenure, he initiated strategies
that resulted in a modernized Digital Enterprise as well as a suite
of B2B and B2C customer-facing digital offerings. Prior to Carrier
Global, Mr. Mehta spent nine years with Siemens Power Services
where he held various roles of increasing seniority, including most
recently as Head of Digital Business — Americas where he helped
build a new Digital P&L from the ground up as well as unlocked
operational efficiencies while leading Strategic IT programs. Mr.
Mehta has a bachelor's degree in Commerce, Accounting &
Information Systems from Gujarat University and an MBA from
Northwestern University's Kellogg
School of Management.
"I am excited to welcome Udit to our team as he leads our
integrated technology strategy, broadening our digital offerings
and elevating the user experience for both our customers and
employees," said Mike Olosky,
Simpson's President and Chief
Executive Officer. "His depth of institutional IT knowledge and
20-year track record of initiating innovative digital solutions
globally will be a tremendous asset to Simpson as we further expand our technology
solutions, including the development of new software and web apps
for our builder, lumber dealer, component manufacturer, and
engineer customers. I believe Udit will be a strong fit for
our culture and greatly contribute to the ongoing success of our
business."
"I am thrilled to be joining the Simpson team, especially at such an exciting
time of growth," added Mr. Mehta. "Simpson has consistently delivered
leading-edge structural solutions for more than six decades and is
well known for their best-in-class customer service. I look forward
to continuing to shape their technology strategy and accelerate the
pace of innovation to bring new digital products and solutions to
the construction industry."
About Simpson Manufacturing Co., Inc.
Simpson Manufacturing Co., Inc., headquartered in Pleasanton, California, through its
subsidiary, Simpson Strong-Tie Company Inc., designs, engineers and
is a leading manufacturer of wood construction products, including
connectors, truss plates, fastening systems, fasteners and shear
walls, and concrete construction products, including adhesives,
specialty chemicals, mechanical anchors, powder actuated tools and
reinforcing fiber materials. The Company primarily supplies its
building product solutions to both the residential and commercial
markets in North America and
Europe. The Company's common stock
trades on the New York Stock Exchange under the symbol "SSD."
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements generally can be identified by words
such as "anticipate," "believe," "estimate," "expect," "intend,"
"plan," "outlook," "target," "continue," "predict," "project,"
"change," "result," "future," "will," "could," "can," "may,"
"likely," "potentially," or similar expressions. Forward-looking
statements are all statements other than those of historical fact
and include, but are not limited to, statements about future
financial and operating results, our plans, objectives, business
outlook, priorities, expectations and intentions, expectations for
sales and market growth, comparable sales, earnings and
performance, stockholder value, capital expenditures, cash flows,
the housing market, the home improvement industry, demand for
services, share repurchases, our ongoing integration
of ETANCO, our strategic initiatives, including the
impact of these initiatives on our strategic and operational plans
and financial results, and any statement of an assumption
underlying any of the foregoing.
Forward-looking statements are subject to inherent
uncertainties, risks and other factors that are difficult to
predict and could cause our actual results to vary in material
respects from what we have expressed or implied by these
forward-looking statements. Important factors that could cause our
actual results and financial condition to differ materially from
those expressed in or implied by our forward-looking statements
include the effect of global pandemics such as the COVID-19
pandemic and other widespread public health crisis and their
effects on the global economy, the effects of inflation and labor
and supply shortages, on our operations, the operations of our
customers, suppliers and business partners, and our ongoing
integration of ETANCO, as well as those discussed in the "Risk
Factors" and " Management's Discussion and Analysis of Financial
Condition and Results of Operations" sections of our most recent
Annual Report on Form 10-K, subsequent Quarterly Reports on Form
10-Q and other reports we file with the SEC.
We caution that you should not place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. We undertake no obligation to publicly update any
forward-looking statement, whether as a result of new information,
future developments or otherwise, except as may be required by law.
Readers are urged to carefully review and consider the various
disclosures made in our reports filed with the SEC that advise of
the risks and factors that may affect our business, results of
operations and financial condition.
CONTACT:
Addo Investor Relations
investor.relations@strongtie.com
(310) 829-5400
View original content to download
multimedia:https://www.prnewswire.com/news-releases/simpson-manufacturing-co-inc-announces-udit-mehta-as-chief-technology-officer-302150390.html
SOURCE Simpson Manufacturing Co., Inc.