Oldcastle BuildingEnvelope Inc. (OBE), a Dallas-based company, has announced that Bruno Biasiotta will step down as CEO, effective immediately, and Chief Financial Officer Michael Marcely will assume the role of interim CEO.
In addition, Oldcastle has appointed Steve Dean as president – Glass and Glazing Systems.
Dean joins OBE after serving 25 years in senior roles at Wesco International Inc. and Anixter International Inc., most recently as SVP & general manager – utility.
According to the company, Biasotta is stepping down to focus on his health and family.
Raquel Vargas Palmer, co-managing partner of KPS Capital Partners LP and chairperson of OBE’s board of directors, thanked Biasiotta for his contributions as CEO, and said that under his leadership, OBE successfully established itself as a standalone enterprise, “achieved meaningful revenue and earnings growth,” and positioned the company for its next phase of growth.
“We greatly appreciate and thank Bruno for his contributions to OBE during his tenure as CEO,” Palmer said in a statement, adding that Biasiotta demonstrated OBE’s ability to be “the acquiror of choice for family-owned glazing solutions and architectural hardware businesses.”
Leadership transition
Biasiotta said he’s optimistic about OBE’s future.
Biasiotta said it has been “an enormous privilege” to serve as the CEO of OBE and expressed pride in the company’s accomplishments, particularly the “exceptional value” provided to customers over the past 18 months. He also expressed confidence in OBE’s ability to continue delivering industry-leading solutions and pursue growth opportunities.
“Having worked closely with Mike Marcely for the past six years, I have the utmost confidence in his ability to lead OBE as interim CEO,” Biasiotta added.
Marcely said he appreciates the confidence and support to serve as interim CEO.
“The broader OBE senior leadership team and I are committed to ensuring this change is seamless for our customers, suppliers and employees. Steve Dean is a high-caliber, motivated leader and we are excited to have him on board to accelerate the value and solutions we provide to our customers,” Marcely said.
The company said it has engaged Acertitude in the search for a permanent CEO.
North America and beyond
Oldcastle BuildingEnvelope is North America’s leading vertically integrated manufacturer, fabricator, and distributor of architectural hardware, glass, and glazing systems.
According to the company, it has a significant presence in every major market in the U.S. and Canada.
OBE manufactures high-performance architectural glass products and aluminum framing systems and distributes complementary hardware and glazing supplies.
The company said OBE has roughly 7,000 employees and operates 87 manufacturing and distribution facilities in five countries.
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