USG Corporation President/CEO and Five Others to Leave USG Following Closing of Knauf Merger
USG Corporation President and Chief Executive Officer Jennifer F. Scanlon announced Jan. 22, 2019, that she intends to leave USG upon, and subject to, the completion of the pending $7 billion acquisition with Gebr. Knauf KG. Scanlon will continue to serve as president and CEO until closing, continuing to focus on executing USG’s business plans and strategies, and ensuring a smooth transition for USG’s employees, customers and other stakeholders.
Scanlon will be replaced by Christopher Griffin, current head of Knauf’s North American insulation business, according to a statement. Griffin previously worked at USG for 18 years, including as chief operating officer.
Scanlon has served in leadership roles at USG for 16 years. As a senior executive, she led the execution of some of the company’s most significant strategic moves in recent history, including establishing the USG Boral Building Products joint venture and the divestiture of L&W Supply Corporation. Scanlon became USG’s president and CEO on Nov. 1, 2016.
In addition to Scanlon, the company anticipates that several other members of the USG executive team will depart USG following, and subject to, the closing of the merger. The departing executives include the following:
Matthew F. Hilzinger, executive vice president and chief financial officer.
Brian J. Cook, executive vice president and chief administrative officer.
Dominic A. Dannessa, executive vice president and chief customer and innovation officer.
Gregory D. Salah, senior vice president, USG Corporation and president, gypsum.
Michelle M. Warner, senior vice president, general counsel and corporate secretary.
These leadership changes will only become effective upon closing of the merger with Knauf, which is expected to be early this year subject to the receipt of certain regulatory approvals and other customary closing conditions. Until that time, both companies will continue to operate as separate businesses under their current leadership structures.