Gms inc. announces executive changes, effective october 21, 2019

Gms inc. announced that scott m. deakin has been appointed vice president and chief financial officer, effective october 21, 2019. lynn ross, who has served as the company’s interim chief financial officer, will continue in her role as chief accounting officer and corporate controller but will no longer serve as interim chief financial officer. mr. deakin served as president of the thermal acoustical solutions segment of lydall inc. from 2017 to 2019. mr. deakin served as executive vice president and chief financial officer of lydall inc. from 2015 to 2018. from 2009 until 2015, mr. deakin served as executive vice president, chief financial officer of ensign-bickford industries inc. no family relationships exist between mr. deakin and any of the company’s directors or executive officers. there are no arrangements between mr. deakin and any other person pursuant to which mr. deakin was selected as an officer, nor are there any transactions to which the company is or was a participant and in which mr. deakin has a material interest subject to disclosures under item 404(a) of regulation s-k. in connection with mr. deakin’s commencement of employment with the company, the board and the compensation committee approved the company entering in an employment agreement with mr. deakin. the employment agreement provides for an initial one-year term commencing on october 21, 2019, with automatic one-year renewals unless and until either the company or mr. deakin provides at least 90 days’ written notice to the other of intent not to renew the term.
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