The AZEK Company Announces Jonathan Skelly Appointed President For Residential And Commercial Businesses, Completes Sale Of Commercial Segment's Vycom Business To Plaskolite
Portfolio Pulse from Benzinga Newsdesk
The AZEK Company Inc. (NYSE:AZEK) has completed the sale of its Vycom business, a division of its Commercial segment, to Plaskolite, LLC. In connection with the sale, Jonathan Skelly has been appointed President for Residential and Commercial Businesses. Scott Van Winter will continue leading operations in Scranton as President of Scranton Products.
November 01, 2023 | 9:17 pm
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POSITIVE IMPACT
The sale of Vycom business and appointment of Jonathan Skelly as President for Residential and Commercial Businesses could potentially streamline AZEK's operations and improve its strategic focus.
The sale of Vycom business could allow AZEK to focus more on its core operations, potentially improving efficiency and profitability. The appointment of Jonathan Skelly, who has a strong track record in the company, could bring valuable leadership and strategic direction to the company's Residential and Commercial Businesses.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100