Andersen Corporation Chairman and Chief Executive Officer Jay Lund Announces Retirement

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Sep 27, 2022, 11:00 ET

President and Chief Operating Officer Chris Galvin will Succeed Lund as Chief Executive Officer

BAYPORT, Minn., Sept. 27, 2022 /PRNewswire/ -- Andersen Corporation (Andersen), America's premier window and door manufacturer, today announced that Jay Lund, chairman and chief executive officer, will retire from his chief executive role at the end of this year. Lund will maintain his position as chairman of the Andersen Corporation board of directors.

The company's board of directors has approved Chris Galvin, the company's current president and chief operating officer, to succeed Lund as president and chief executive officer, effective January 1, 2023.

Jay Lund, chairman and chief executive officer of Andersen Corporation, will retire from his chief executive role at the end of this year. Lund will maintain his position as chairman of the Andersen Corporation board of directors.

Chris Galvin, Andersen’s current president and chief operating officer, will succeed Lund as president and chief executive officer, effective January 1, 2023.

Lund will retire after dedicating 37 years of his career to Andersen Corporation, including the past nearly 12 years as the company's chief executive officer. He joined Andersen in 1985 and developed deep expertise in the company through a variety of roles before being named chief executive officer in 2011 and chairman of the board of directors in 2013.

During his tenure as chief executive officer, Lund has led the privately held company to achieve unprecedented growth, nearly tripling annual revenue through geographic and market segment expansion of Andersen's traditional business and extraordinary growth of Renewal by Andersen, the company's full-service window and door replacement division. Under Lund's leadership, the company also completed several strategic acquisitions aimed at expanding the product portfolio, growing the Renewal by Andersen retail business and vertically integrating key technologies, and exited the vinyl hollow core segment of the market through a significant divestiture that helped sharpen the company's focus on its premium window and door product offerings.

As a champion for diversity, equity and inclusion, Lund has transformed the culture of Andersen while building on the company's longstanding philosophy of working "all together" to the benefit of customers, employees, shareholders and communities. All of this was achieved while furthering the company's industry leading position as America's most loved and#1trusted window and door brand.*

Lund's contributions extend beyond Andersen through his deep commitment to community service. He has served on the Andersen Corporate Foundation Board of Directors for 17 years, as well as several corporate, civic and philanthropic boards and capital campaigns, including the Board of Regents of St. Olaf College, where he currently serves as board chair.

"Jay has led Andersen through a transformative period in the company's history, delivering impressive business performance while passionately embracing diversity, equity and inclusion inside and outside Andersen, positioning the company for continued growth in the future," said Donald Allan, Jr., lead independent director, Andersen Corporation board of directors. "Jay has led with integrity, intelligence and heart, and he will leave a lasting impression on the company, employees, customers, community and shareholders."

Upon Lund's retirement, Galvin will become the company's president and chief executive officer. Over the course of his nearly 20 years with Andersen, Galvin has held leadership roles across all areas of the company including corporate finance, manufacturing, logistics, supply chain operations and general management. In 2019, he became president of the Andersen Division and in 2021, Galvin was named the company's president and chief operating officer.

"Chris is an inspiring leader, with deep knowledge of the business and industry. He is widely respected by the Andersen team for his character, intellect, kindness and work ethic," said Lund. "He has excelled throughout his career at Andersen and ably led our company through a global pandemic that tested our business in many ways. Chris has the full confidence of our board of directors as the company's next chief executive officer. He will be an exceptional steward of Andersen's long-standing values and industry leadership."

Galvin currently serves on the Andersen Corporate Foundation board of directors as well as the boards of the Saint Paul & Minnesota Foundation and First State Bank and Trust.

"I am honored to build on the legacy of Jay and the leaders that came before him. With deep appreciation for the foundation upon which our company has flourished for over a century, I am committed to furthering our mission to ensure our customers are delighted by their experiences, our employees are inspired by the possibilities in front of us, and our industry and communities are stronger because our innovative spirit and commitment to giving back makes a meaningful difference," said Galvin.

ABOUT ANDERSEN WINDOWS & DOORS
Andersen was founded in 1903 on the philosophy of working "all together" to deliver on its promise to its customers. Every day, the company's more than 13,000 employees are empowered to imagine what's possible and do what's right. Andersen delivers products for the way people live, unmatched performance for the comfort and security homeowners desire, and endless design options to achieve any style.

Headquartered in Bayport, Minn., Andersen Corporation and its subsidiaries manufacture and market window and door products under the Andersen®, Renewal by Andersen®, EMCO®, and MQ™ brands. Andersen, a privately held company, operates manufacturing sites across North America and Europe. Andersen has earned the U.S. Environmental Protection Agency's 2022 ENERGY STAR® Partner of the Year – Sustained Excellence Award. Visit us at andersenwindows.com.

*2022 Andersen brand surveys of U.S. homeowners, builders and contractors.

SOURCE Andersen Corporation