MasterBrand Announces CFO Transition
Key Highlights
- ➤Mark Young named VP and interim CFO, effective immediately
- ➤Andrea Simon remains advisor through March 31, 2027, supporting transition
- ➤MasterBrand launched internal and external search for permanent CFO
- ➤CFO departure unrelated to financial-statement or accounting-practice integrity issues
Expert Statements
Dave Banyard, President and Chief Executive Officer of MasterBrand
“On behalf of the Board and management team, I'd like to thank Andi for her many contributions to MasterBrand over the past six years”
Dave Banyard, President and Chief Executive Officer of MasterBrand
“Her leadership helped establish MasterBrand as a standalone public company, and now is the right time to make this transition. We wish her all the best.”
Dave Banyard, President and Chief Executive Officer of MasterBrand
“Mark’s deep knowledge of our strategic priorities and financial operations makes him well positioned to serve as interim CFO at this important point in our integration journey following the merger with American Woodmark. Mark’s understanding of both businesses and prior integration experience will be instrumental in advancing the work underway. The Board and I have full confidence in his ability to lead the finance organization while we conduct a search for a permanent CFO.”
Mark Young, Vice President and Chief Accounting Officer, Named VP and Interim CFO
MasterBrand, Inc. (NYSE: MBC, the “Company,” or “MasterBrand”), the largest residential cabinet manufacturer in North America, today announced the appointment of Mark Young, Vice President and Chief Accounting Officer, as Vice President and Interim Chief Financial Officer, effective immediately. He succeeds Andrea Simon, who has agreed to remain with the Company in an advisory capacity through March 31, 2027, to facilitate a seamless transition. The Company has initiated a comprehensive search process, with the assistance of a leading executive search firm, to identify a permanent CFO from internal and external candidates. Ms. Simon’s departure is not related to any issues with respect to the integrity of the Company’s financial statements or accounting policies and practices.
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