PISCATAWAY, N.J. (January 11, 2012) ‒The Board of Directors of American Standard Brands today announced the appointment of Jay D. Gould as President and Chief Executive Officer of the Company, a leading North American manufacturer of branded bath and kitchen products serving both the residential and commercial markets, including the new construction and remodeling markets.
“We are excited to have Jay take the helm of American Standard,” said Tom Taylor, Chairman of the Board of Directors. “He brings tremendous experience in enhancing companies’ leading market positions and creating value by leading with a focus on growth, innovation and brand development.”
Before joining American Standard, Gould was President of the Home & Family Group of Newell Rubbermaid. Taking an innovative, consumer-driven approach to building demand, he significantly increased revenues for the company’s Levolor, Calphalon, Rubbermaid and Graco brands throughout the economic downturn. Prior to Newell Rubbermaid, Gould held senior executive roles at The Campbell Soup Company, The Coca-Cola Company, and General Mills, Inc., where he helped drive the growth of world class brands such as Coca-Cola, Pepperidge Farm and Minute Maid.
"American Standard is an iconic brand with tremendous potential to inspire do-it-yourself consumers and to partner with professionals,” said Gould. “The Company successfully weathered the challenging business environment over the past several years, emerging as an even stronger business and now prepares for a more assertive growth agenda. That agenda will certainly build on American Standard’s heritage of products with great design and industry-leading performance.”
Gould succeeds Don Devine, who led the successful turnaround of American Standard Brands and is leaving the Company to pursue other interests. Under his leadership, the Company completed the strategic mergers of American Standard, Crane Plumbing, Eljer Plumbing, Safety Tubs and Decorative Panels International. The turnaround effort resulted in sustained profitability and a new capital structure for the Company.
“While Don has done an outstanding job in building and repositioning the company, Jay will lead the next phase of the Company’s development, which will focus on growth,” Taylor said.
About American Standard Brands
American Standard Brands is a leading North American manufacturer of a wide range of high-quality building products, including faucets, fixtures, furniture, vitreous china fixtures, cast iron sinks, whirlpool tubs and other wellness products for the bath and kitchen as well as decorative panels. The company currently offers total project solutions for residential and commercial customers; employs more than 5,000 people in the United States, Canada and Mexico; and markets products under well known and respected brands, such as American Standard®, Jado®, Porcher®, Safety Tubs®, Crane®, Eljer®, Fiat®and Decorative Panels International®. American Standard Brands is an affiliated portfolio company of Sun Capital Partners. For more information, visit www.americanstandard.com.
About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in companies that can benefit from its in–house operating professionals and experience. Sun Capital affiliates have invested in more than 285 companies worldwide with combined sales in excess of $45 billion since Sun Capital’s inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles, and New York, as well as affiliates in London, Paris, Frankfurt, Luxembourg, Shanghai and Shenzhen. For more information, please visit www.SunCapPart.com.
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