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CHARLOTTE - JELD-WEN Holding, Inc. (NYSE:JELD), whose stock has declined over 70% in the past year amid challenging market conditions, has appointed Rachael B. Elliott as executive vice president for North America, effective October 20, 2025, according to a company press release issued Tuesday.
Elliott brings more than 20 years of leadership experience in manufacturing, eCommerce, and supply chain management to the building products manufacturer, which currently faces revenue decline of about 15% and operates with significant debt burden. She most recently served in a senior manufacturing operations role at Ashley Furniture and previously held leadership positions at Masonite, Amazon, Walmart, Boral Industries, Georgia Pacific Corporation, and the United States Government. According to InvestingPro, the company shows weak financial health scores, with 12 additional key insights available for subscribers.
"Rachael's extensive experience will be instrumental as she focuses on accelerating key initiatives across North America to best position JELD-WEN for future success," said Chief Executive Officer William J. Christensen in the statement.
Elliott holds a bachelor's degree in construction engineering and a master's degree in workforce training and development from the University of Southern Mississippi.
JELD-WEN, based in Charlotte, North Carolina, designs, manufactures, and distributes interior and exterior doors, windows, and related building products. The company operates in 14 countries across North America and Europe with approximately 16,000 employees.
In other recent news, Jeld-Wen Holding Inc. reported its second-quarter 2025 earnings, revealing a smaller-than-expected loss and a slight revenue beat. The company posted an earnings per share of -$0.04, surpassing the forecasted -$0.07, and reported revenue of $823.7 million, slightly above the predicted $810.15 million. Additionally, Jefferies raised its price target on Jeld-Wen to $5.25 from $3.75, maintaining a Hold rating, citing improved productivity in the second quarter. The investment firm highlighted management's actions, such as facility closures and headcount reductions, as measures to counter volume declines. Potential asset sales were also noted as a strategy to manage the company's leverage more effectively.
In other developments, Jeld-Wen announced the resignation of its Senior Vice President and Chief Accounting Officer, Michael A. Leon, effective October 17, 2025. The company clarified that Leon's departure was not due to any disagreements regarding financial reporting or accounting practices. An interim replacement has been named to fill the position. These recent developments provide a glimpse into Jeld-Wen's ongoing efforts to navigate current challenges and improve its financial standing.
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