AZZ Inc. Announces CFO Philip Schlom's Retirement and Successor Appointment
Fort Worth, Texas – In a significant executive transition, AZZ Inc., a leading independent provider of hot-dip galvanizing and coil coating solutions in North America, has announced the retirement of its Chief Financial Officer (CFO), Philip Schlom. Schlom will step down upon the conclusion of his current contract, ending on November 4. Taking the financial helm of AZZ Inc. will be Jason Crawford, currently SVP of Finance at AZZ Precoat Metals.
“Philip has been instrumental in fortifying our accounting, finance, compliance, controls, and audit functions, significantly contributing to the company's strategic evolution,” stated AZZ Inc. CEO, Tom Ferguson. “His advance notice exemplifies his commitment to the company, facilitating a smooth and well-prepared transition.”
Ferguson praised the company for its deep leadership pool and a culture of “next person up”, which he believes secures continuity in key roles. He highlighted Crawford’s extensive experience and proven track record, including his tenure at Precoat Metals and Sequa Corp., previously part of the Carlyle Group's portfolio, emphasizing his strengths in mergers and acquisitions.
Jason Crawford’s background shows a diverse experience, having held senior accounting and finance positions at Boston Scientific and various roles at CTS Corp. before joining Sequa Corp.
This executive shift underscores AZZ Inc.’s commitment to maintaining strong leadership and financial stewardship as it continues to lead in the galvanizing and coil coating industry. Crawford’s appointment is seen as a step towards harnessing AZZ Inc.'s full potential in North American markets and beyond.
Analyst comment
Positive news. The retirement of CFO Philip Schlom and the appointment of Jason Crawford as his successor is seen as a smooth and well-prepared transition. Crawford’s extensive experience and proven track record in mergers and acquisitions is expected to help AZZ Inc. harness its full potential in North American markets and beyond. This transition reinforces the company’s commitment to strong leadership and financial stewardship. The market is likely to respond positively.
