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CALHOUN, Ga. - Mohawk Industries, Inc. (NYSE:MHK) announced Wednesday that Chief Financial Officer James F. Brunk plans to retire effective April 1, 2026. Nicholas P. Manthey, currently Vice President of Corporate Finance and Investor Relations, will succeed Brunk as the company’s next CFO.
Brunk, who has been with the company for approximately 20 years, will transition to a senior advisory role following his retirement. During his tenure, he helped Mohawk expand globally to become one of the world’s largest flooring companies, building a business that now generates over $10.7 billion in annual revenue with a market capitalization of approximately $6.8 billion. According to InvestingPro data, the company appears undervalued based on its Fair Value assessment.
"His leadership was instrumental in Mohawk becoming the world’s largest flooring company by entering new geographies, integrating significant acquisitions and driving business expansion around the globe," said Jeffrey S. Lorberbaum, Chairman and Chief Executive Officer, in a press release statement.
Manthey joined Mohawk in 2020 as CFO of the company’s Flooring North America segment before moving to his current role. His previous experience includes finance and leadership positions at Bridgestone and Intel, with roles in both the U.S. and Latin America.
"Mohawk is a strong business with great potential, and I am excited by this opportunity," Manthey said.
The leadership change comes as Mohawk continues its operations across approximately 180 countries. The company manufactures various flooring products including ceramic tile, carpet, laminate, wood, stone, and vinyl flooring. Despite recent stock performance showing a 21% decline over the past year, InvestingPro analysis indicates the company maintains strong financial fundamentals with liquid assets exceeding short-term obligations and sufficient cash flows to cover interest payments.
The announcement indicates Brunk and Manthey will work closely together over the coming months to ensure a smooth transition of financial leadership responsibilities. For investors seeking deeper insights into Mohawk’s financial health and prospects, InvestingPro offers a comprehensive research report with expert analysis on this and 1,400+ other US equities.
In other recent news, Mohawk Industries reported better-than-expected financial results for the third quarter of 2025. The company achieved an adjusted earnings per share (EPS) of $2.67, surpassing the forecast of $2.65. Additionally, revenue came in at $2.76 billion, exceeding the anticipated $2.73 billion. These results highlight Mohawk Industries’ ability to outperform market expectations in both earnings and revenue. Despite this positive performance, the stock experienced a decline in post-market trading, reflecting broader market conditions and future guidance. Investors may also be interested in analyst perspectives, as changes in stock ratings can influence investment decisions. There were no recent reports of analyst upgrades or downgrades for Mohawk Industries. The company continues to navigate the market landscape with these recent developments.
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