Lancaster, Pa.—Frank Ready, CEO of Armstrong Flooring Products, is retiring after a 30-year career with the company. Thomas Mangas, who has served as CFO of Armstrong since February 2010, will succeed Ready. Mangas has lead finance as well as information technology, global business services and process improvement. He will be succeeded by David Schulz.
Schulz most recently served as vice president, finance of Armstrong Building Products. He joined Armstrong in June 2011 after spending 14 years with Procter & Gamble and the J.M. Smucker Co. in a wide range of finance leadership positions.
“I would like to thank Frank for his 30 years of dedicated service,” said CEO Matthew Espe. “His many contributions will be felt for years to come. In Tom Mangas, we have a well-seasoned leader, whose global mindset and customer focus will enable our flooring business to fully leverage recent investments and have a bright future.
“I’m equally excited to welcome Dave Schulz as our new finance leader,” he added. “The ability to quickly fill these positions from within is a clear demonstration of the effectiveness of our organization vitality and succession planning processes.”