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The AZEK Company Inc. (NYSE: AZEK) the industry-leading manufacturer of beautiful, low-maintenance and environmentally sustainable outdoor living and building products, including TimberTech® decking, and Versatex® and AZEK Trim®, announced today the appointment of Vernon J. Nagel, the former Executive Chairman, President and CEO of Acuity Brands, Inc. (“Acuity Brands”), and Natasha Li, a Partner in the Private Equity Group of Ares Management Corporation (“Ares”), to its board of directors.
“I am very excited to welcome Vern and Natasha to our board of directors,” said AZEK CEO Jesse Singh. “Vern’s decades-long experience serving in chief executive and chief financial officer roles in the manufacturing and consumer products spaces is expected to add significant operational, strategic and industry-specific insight to our already dynamic and accomplished board of directors. Natasha’s background in private equity, where she has focused on jumpstarting sustainable and successful growth across companies in a variety of industries, will further enhance the Company’s strategic vision and its carrying out of that vision, both in the short and long terms. On behalf of the rest of the board and management, I greatly look forward to working with both Vern and Natasha.”
Mr. Nagel brings to AZEK an accomplished history of driving profitable growth, integrating successful acquisitions and expanding into new markets. Since 2001, he served in various roles at Acuity Brands, where he served as Chairman, President & CEO from 2004 to early 2020 and then as Executive Chairman until the end of 2020. While at Acuity Brands, Mr. Nagel focused on enhancing shareholder value by introducing new technologies, expanding markets served through organic growth and acquisitions and driving company-wide productivity. Prior to his time at Acuity Brands, Mr. Nagel held senior financial positions at Jepson Associates, Inc., Kuhlman Corporation and Stericycle, Inc.
“I greatly look forward to helping guide AZEK, a leader in the exciting and growing outdoor living market with a relentless focus on environmental and social improvement, as it continues its mission to advance a circular and sustainable economy and provide its customers with the tools to beautify and personalize their outdoor living spaces while doing it,” said Mr. Nagel.
Ms. Li has served on the Ares investment team that has been instrumental in advising and guiding the Company through its time as a private company following its acquisition by a fund managed by the Ares Private Equity Group and Ontario Teachers’ Pension Plan Board in 2013 through its initial public offering in 2020 and to the present. Ms. Li’s extensive knowledge of the Company’s history and its vision for the future will allow her to immediately add significant value to the Company’s strategy and execution. Ms. Li also serves on the board of City Ventures LLC and the parent entity of Resource Label Group and has served on the boards of National Veterinary Associations, Inc. and Jacuzzi Brands Corporation.
“Having worked with the AZEK management team and board of directors for many years, I am excited to join the Company’s board of directors and help it continue its remarkable journey,” remarked Ms. Li. “AZEK has achieved significant success over the past several years, becoming the leader in the outdoor living space. I believe AZEK has exciting opportunities ahead as it continues to execute against its strategy and generate benefits for its customers, contractors, employees and community members and the environment.”
With the appointment of Mr. Nagel and Ms. Li, AZEK’s Board of Directors is now comprised of over 25% women and is over 35% ethnically diverse.
To find additional information about AZEK, including its most recent investor presentation, please visit investors.azekco.com.