Simpson Manufacturing Co., Inc. Announces Executive Changes, Effective January 1, 2023
December 20, 2022 at 04:39 pm EST
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As previously reported in a Current Report on Form 8-K filed on September 8, 2022, Mike Olosky, currently the President and Chief Operating Officer of Simpson Manufacturing Co, Inc. (the Company"), will succeed Karen
Colonias as President and Chief Executive Officer of the Company effective January 1, 2023. On December 14, 2022, the Compensation and Leadership Development Committee (the Compensation Committee") of the Board of Directors (the Board") of the Company approved the following compensatory arrangements for Mike Olosky, age 54, as the Company's President and Chief Executive Officer, effective January 1, 2023.
Simpson Manufacturing Co., Inc., through its subsidiary, Simpson Strong-Tie Company Inc. designs, engineers and manufactures structural solutions for wood, concrete, and steel connections. Its wood construction products include connectors, truss plates, fastening systems, fasteners and shearwalls, and concrete construction products. Its wood construction products are used in light-frame building applications. Its concrete construction products include adhesives, chemicals, mechanical anchors, carbide drill bits, fiber reinforced materials and other repair products used for protection and strengthening structures. Its concrete construction products are used in concrete, masonry and steel construction. It markets its products to the residential construction, light industrial and commercial construction, remodeling and do-it-yourself markets. It also operates as designer and manufacturer and distributor of fixing and fastening solutions for the European building and construction market.