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

Builders cut prices, offer incentives

Washington, D.C.—As the housing market has slowed rapidly over the past several months, builders have increasingly been reducing prices and offering special sales incentives—but...

CFL issues EPDs for rigid core lines

Adairsville, Ga.—In order to continuously improve the sustainability of its products, CFL Flooring has undergone a Life Cycle Analysis (LCA) to assess the environmental...

11 ways customer experience management can improve your business

(This article was originally published on Hootsuite.com. It has been edited for content and style.) Customer experience management (CEM) is the process of managing and...

CARE Differential Assessment increase canceled

Dalton—As a result of CalRecycle's disapproval of CARE's Five-Year Plan 2023-27, the differential assessment currently charged on all carpet sold in California will not...

Louisville Tile ranks 39 in ‘Fast 50’ Awards

Louisville, Ky.—Louisville Tile Distributors, a family-owned tile distributer headquartered here, was ranked No. 39 in the Louisville Business Journal’s exclusive 2022 “Fast 50” awards...

Shaw enrolls in WELL Equity Rating

Dalton—Shaw has enrolled to pursue the new WELL Equity Rating developed by the International WELL Building Institute (IWBI). The WELL Equity Rating is designed...
Some text some message..
X