Jay Geldmacher Steps Up as New Resideo CEOPosted By Michael Goris
New Resideo CEO Jay Geldmacher officially began his duties as of today. Geldmacher is stepping into this role during a difficult, yet exciting time. The ongoing COVID-19 pandemic and the impending release of the upcoming Resideo PROA7PLUS Panel will make for an interesting transition.
Geldmacher was appointed as new Resideo CEO on May 19th. Today marks his first official day in this position. Prior to joining Resideo, Geldmacher previously served as president and CEO of Electro Rent Corp. Resideo has also recently added two new independent directors to their board as part of this change.
Resideo board chairman Roger Fradin said of Geldmacher, "Jay joins Resideo at an important inflection point, as we transform the business to better serve our attractive markets. With the support of the board, we are confident Jay will leverage his expertise to further transform the business, position the company to deliver enhanced operational and financial performance, and create substantial shareholder value. We look forward to embarking on this exciting new chapter together."
Fradin also expressed gratitude to previous CEO Mike Nefkens, who played a big role in leading the company through the global pandemic. Nefkens had served in his position since the company's spin-off from Honeywell in 2018. He unexpectedly announced his departure last December.
Jay Geldmacher has worked in the industry for more than 30 years. Resideo states that the company will look to his experience to lead them during these unprecedented times. With the release of the new Resideo PROA7PLUS Security System expected to occur in the coming months, and the world still reeling from the pandemic, the company will be counting on Geldmacher to keep them ahead of the ever-changing industry.
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