Moran named CEO of Congoleum

Home News Moran named CEO of Congoleum

Robert Moran

The board of directors of Congoleum today announced that Robert Moran will be replacing Roger Marcus as CEO of the company. Marcus’ contract expires June 30, but it was unclear at press time as to when the actual transition will occur. Moran has reportedly already started with the company.

Moran most recently served as operating advisor at Building Industry Partners. He also has been CEO of Nautic Global Group, the fourth largest North American producer of aluminum and fiberglass boats from 15 to 42 feet, and California-based Eurodesign Cabinets.

Congoleum had been owned by the Marcus family since 1993 when it merged with Amtico, started by Marcus’ father in the 1950s. But in 2010, when the company emerged from a seven-year bankruptcy as it sought protection from asbestos claimants, ownership of the company was transferred to bondholders and current and future asbestos litigation plaintiffs. Under the plan, the company gave 50.1% of the stock to a trust set up for the benefit of holders of asbestos personal injury claims. The remaining stock went to holders of senior note claims.

 

Must Read

Mohawk donates supplies to local schools

Calhoun, Ga.—Mohawk is supporting safety precautions as local students, teachers and staff return to school by making several large donations in northwest Georgia prior...

Daltile supports Gary Sinise Foundation

Dallas—Daltile recently supported the Gary Sinise Foundation provide a new home for wounded veteran Rico Roman and his family. The home is the 64th...

UNY-Groups partners with Välinge

Japan—UNY-Group, an importer and producer of flooring products for the European market with a sales focus in the Netherlands, UK and Germany, is investing...

Technology, training go hand in hand

By Jason Goldberg I’ve been working in the flooring industry for 34 years. In every one of those years, having enough qualified installers has been...

Retail Lead Management tracks prospects from start to finish

By Megan Salzano Three years ago, Retail Lead Management (RLM) hit the market as a first-of-its-kind software system specifically designed to help flooring retailers manage...

Top tips to creating better video content

By Nicole Murray In today’s tech-dependent world, businesses are utilizing various electronic/digital tools to engage with consumers and generate brand awareness. One of those technologies...
X