Jeld-Wen announces resignation of chief accounting officer, interim replacement named

Jeld-Wen Holding, Inc. (NYSE:JELD) disclosed Monday that Michael A. Leon, Senior Vice President and Chief Accounting Officer, has notified the company of his decision to resign effective October 17, 2025. The announcement comes as the company faces significant challenges, with InvestingPro data showing a concerning debt-to-equity ratio of 2.88 and a 68% decline in stock value over the past year.

According to a statement issued by the company and filed with the Securities and Exchange Commission, Mr. Leon’s departure is not related to any disagreement with Jeld-Wen regarding its financial reporting or accounting policies or practices.

Following Mr. Leon’s resignation, Samantha L. Stoddard, who currently serves as Executive Vice President and Chief Financial Officer, will assume the additional responsibility of principal accounting officer on an interim basis. Information regarding Ms. Stoddard’s background and business experience is available in the company’s Annual Report on Form 10-K for the year ended December 31, 2024, filed on February 20, 2025.

The company is based in Charlotte, North Carolina, and its common stock is listed on the New York Stock Exchange under the ticker symbol JELD. According to InvestingPro’s Fair Value analysis, the stock is currently trading near its Fair Value, with a current market capitalization of $424 million. This information is based on a statement in a press release filed with the SEC.

In other recent news, Jeld-Wen Holding Inc. announced its second-quarter 2025 financial results, revealing a smaller-than-expected loss and a slight revenue beat. The company reported an earnings per share (EPS) of -$0.04, which was better than the anticipated -$0.07. Additionally, Jeld-Wen’s revenue came in at $823.7 million, surpassing the forecasted $810.15 million. These results have been positively received by investors, as indicated by a notable rise in the company’s stock price.

Furthermore, Jefferies has adjusted its price target for Jeld-Wen, raising it to $5.25 from a previous $3.75, while maintaining a Hold rating. Jefferies attributed this adjustment to improved productivity during the second quarter, along with management’s efforts in facility closures and workforce reductions to address declining volumes. The investment firm also noted that potential asset sales could aid in reducing the company’s leverage. These developments highlight the ongoing strategic adjustments by Jeld-Wen’s management to navigate current market conditions.

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