- Push-out Score suggests push-out forces
- After about 10 years in the position
- Accolades, praise, thanks and good wishes for Johnson
- Search for a successor
- Johnson said 70 words
(exechange) — Houston, Texas, April 4, 2018 — Mark Johnson, finance chief of NCI Building, leaves. As announced by NCI Building Systems in a news release and in a regulatory filing published on Wednesday, April 4, 2018, Mark E. Johnson leaves his post as Chief Financial Officer at the maker of metal products for the nonresidential building industry after about 10 years in the position.
It is the end of an era.
Among the 3,000 largest publicly held companies incorporated in the U.S. based on market capitalization, the average tenure of the CFOs who departed over the past 12 months was 6.2 years, according to data compiled by exechange. Only 23 percent of the CFOs who departed over the past 12 months left the position after more than 10 years.
Johnson’s move comes nine months after Donald R. Riley took over as CEO of NCI Building Systems.
Johnson, who has led NCI’s finance organization since March of 2008, will remain in his position until the Company identifies a qualified successor.
No reason given
In the announcement, NCI Building did not explicitly explain the reason for Johnson’s move, opening the door for speculation.
Precise information about Johnson’s future plans was not immediately available.
NCI Building said: “Mark E. Johnson, the Company’s Executive Vice President, Chief Financial Officer and Treasurer has informed the Board of Directors of his plans to retire.”
Share price decline
The change follows a decline in the share price of NCI Building Systems since December 2017.
Chaired by James S. Metcalf
NCI Building Systems is chaired by James S. Metcalf.
CEO: Donald R. Riley
Donald R. Riley serves as CEO of NCI Building Systems. Donald Riley has served as the Company’s Chief Executive Officer since July 2017, as President since January 2016, and previously as the Company’s President of Group Business Segment from December 2014 to January 2016.
In the position of CFO since 2008
Mark Johnson has served as NCI’s Executive Vice President, CFO and Treasurer since March 2008.
He was the Company’s Chief Accounting Officer from August 2006 until November 2010, the Company’s Executive Vice President and Controller from December 2007 until March 2008, and he joined NCI as the Company’s Vice President and Controller in February 2006.
Before joining NCI, he was employed by Vector ESP, Inc., a company providing information technology services, where he served as a Corporate Controller from 2000 to 2002 and CFO and Senior Vice President from 2002 to August 2005, when the company was acquired.
From 1989 to 2000, Johnson was employed by Ernst & Young LLP.
Johnson has a B.S. in Business Administration from the University of Texas at Austin.
Generally speaking, when a top leader announces to step aside with no successor available, it’s a sign that the change was unexpected and too early.
Generally speaking, potential causes for an unexpected change can be, among others, disagreement or dispute, family reasons and surprising new career opportunities.
Push-out Score suggests push-out forces
It is not completely certain what forces eventually triggered Mark Johnson’s move.
The Push-out Score™ determined by exechange suggests that push-out forces may have contributed to the change.
Read the full story in the exechange report 15.2018 ($).