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Posts Tagged ‘Joseph S. Giordano III’

Drew Principals Sell over 40k Shares of Stock

December 7th, 2015 Comments off

drew_ind_2_logoThe sell off of Drew Industries, Inc. stock by principals of the company continues as Chief Financial Officer (CFO) Joseph S. Giordano III sold 8,000 shares of the company at an average price of $61.00 for a net transaction of $488,000.00, dated Fri., Nov. 27, according to midsouthnewz. He now owns 578 shares of Drew (NYSE:DW), valued at $35,258.

MHProNews reported March 31, 2015, Giordano sold 19,500 shares of Drew stock March 24, 2015, at $64.75 per share, totaling $1,262,625.00. Following that transaction, he owned 209 shares of company stock valued at approximately $13,532.75.

Since mid-November, 2015, Chairman Emeritus Leigh J. Abrams, CEO Jason Lippert, President Scott Mereness, Chief Operations Officer Todd W. Driver, Chief Administrative Officer Jamie Schnur and Director David Reed have sold a total of 40,678 shares of Drew stock.

Headquartered in Elkhart, Indiana, Drew is a component supplier to the manufactured home and recreational vehicle industries. ##

(Image credit: Drew Industries, Inc.)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

David M. Smith Joins Drew Industries as new CFO

August 31st, 2015 Comments off

drew_ind_2_logoMHProNews has learned from prnewswire that David M. Smith has joined Drew Industries, Inc. (NYSE:DW) as Chief Financial Officer (CFO), succeeding Joseph S. Giordano III, who held that position since 2008. Mr. Giordano will remain with the company temporarily to ensure a smooth transition.

Mr. Smith, 52, has been Senior Vice President and Chief Financial Officer of Key Safety Systems, Inc. (KSS) for ten years, and since 2009 was also President of KSS’ Specialty Products division. With a global network of 34 facilities, KSS designs, develops and manufactures automotive safety restraints including airbags, safety belts and steering wheels.

Previously, he was CFO at Key Plastics, LLC, also a supplier of automotive products, and has a 30-year background in finance leadership positions.

From 42 manufacturing facilities across the nation, Drew supplies components to the manufactured housing and recreational vehicle industries. ##

(Image credit: Drew Industries, Inc.)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Executive Change at Manufactured Housing Component Supplier

April 10th, 2015 Comments off

drew_ind_logoManufactured housing component supplier Drew Industries, Inc. (NYSE:DW), of Elkhart, Indiana, has informed MHProNews that Joseph S. Giordano III, will be leaving his posts as treasurer and Chief Financial Officer (CFO) as of Aug. 31, 2015 to pursue other business opportunities. He joined Drew as Corporate Controller in 2003, and became treasurer and CFO in 2008. As MHProNews reported March 31, 2015, Mr. Giordano sold 19,500 shares of Drew stock with a value of $1,262,250.

James F. Gero, Chairman of the Board of Drew Industries, stated, “Joe has played an instrumental role in the Company’s growth and success for more than a decade, including during the 2013 executive succession and the relocation of the Company to Elkhart, Indiana. We thank him for his service and wish him the best in his future endeavors.

On behalf of all of us here at Drew Industries, Lippert Components, Inc., and our Board of Directors, I want to thank Joe for his service and wish him only the best going forward,” said Jason Lippert, Chief Executive Officer of Drew Industries. “Joe has helped build a strong financial team at the Company, which positions us well for the continued execution of our business strategies. We are highly appreciative of Joe and are confident in his abilities to keep our business on track as we evaluate external candidates for the role of CFO.

As cnnmoney reports, through its wholly-owned subsidiary, Lippert Components, Inc., from 38 facilities nationwide, Drew provides a wide range of products to the manufactured and modular housing and recreational vehicle industries, including axle and suspension systems, sliding doors, leveling mechanisms, furnishings, windows, doors, hydraulic systems and other items. ##

(Image credit: Drew Industries, Inc.)

matthew-silver-daily-business-news-mhpronews-com  Article submitted by Matthew J. Silver to Daily Business News-MHProNews.

Insider Sells $1.26 Million of Drew Stock

March 31st, 2015 Comments off

drew_industDrew Industries, Inc. Chief of Financial Operations (CFO) Joseph S. Giordano III sold 19,500 shares of Drew stock on the market March 24, according to a filing with the Securities and Exchange Commission (SEC). According to what dakotafinancialnews tells MHProNews, the stock was sold at $64.75 per share, totaling $1,262,625.00. He now owns 209 shares of company stock valued at approximately $13,532.75.

Giordano served as Treasurer and controller of Dew from May 2003 to May 2008. Since then he has been the CFO and Treasurer of the company.

Drew Industries, Inc. manufactures and distributes components for the manufactured housing and recreational vehicle industries through its wholly-owned subsidiary, Lippert Components, Inc., from 19 facilities located around the nation. Drew’s stock closed at $61.95 in today’s trading, up +0.58 percent. ##

(Image credit: Drew Industries, Inc.)

matthew-silver-daily-business-news-mhpronews-com   Article submitted by Matthew J. Silver to Daily Business News-MHProNews.