Resideo names president and CEO

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Wednesday, May 20, 2020

AUSTIN, Texas—As the result of a comprehensive search process, Resideo Technologies, Inc. appointed Jay Geldmacher as president and CEO, and a member of the board of directors, effective May 28. Geldmacher succeeds Mike Nefkens, who announced company departure in Dec. 2019. 

“Jay is the ideal CEO to lead Resideo forward,” Roger Fradin, chairman of the board, Resideo, said in the announcement. “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.” 

Geldmacher is a 30-year industry veteran and brings his experience of leading a complex industrial and technology spinout, Artesyn Embedded Technologies. He has delivered consistent results in public and private-equity backed companies, combining operational excellence and thoughtful capital allocation to gain market share and grow profits in competitive technology markets. Most recently, Geldmacher was president and CEO of Electro Rent Corp. 

“Resideo’s great product history, significant markets and long-standing relationships with its channel partners position it not just to compete, but to win,” Geldmacher said. “I am eager to build upon the transformation already underway and excited to see what we will do together as a team.” 

Fradin added that Geldmacher joins Resideo at a time when they are transforming the business to “better serve their attractive markets.” Fradin is confident that, with the support of the board, Geldmacher will “leverage his expertise to further transform the business; position the company to deliver enhanced operation and financial performance; and create substantial shareholder value.”