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Acuity Brands Appoints CEO And Interim CFO.


ATLANTA -- Acuity Brands Acuity Brands, Inc., through its subsidiaries, engages in the design, production, and distribution of lighting equipment and specialty products worldwide. The company was founded in 2001 and is based in Atlanta, Georgia. , Inc. (NYSE NYSE

See: New York Stock Exchange
: AYI AYI Academy of Young Investors ) announced that effective today Vernon J. Nagel became its Chairman and Chief Executive Officer, succeeding James S. Balloun, who retired as part of a previously announced succession plan. Mr. Nagel joined Acuity Brands in December 2001 as Executive Vice President and Chief Financial Officer. In January 2004, he was elected Vice Chairman and Chief Financial Officer and appointed to the Board of Directors.

"I am excited by the opportunity to provide continued direction to the sound strategy put in place by Jim Balloun," said Nagel. "My focus going forward will be to build on that strong foundation and to accelerate our execution on key initiatives for the achievement of our long-term financial and operational goals. Our mission is to make Acuity Brands a great company for our customers, employees, and shareholders."

The Company also announced the continuation of its search for a chief financial officer to succeed Mr. Nagel. Nagel said, "We are seeing a number of qualified candidates and are giving careful and selective consideration to our choice of a new chief financial officer to join the Acuity Brands leadership team. In that regard, I am pleased to announce that, while the search process continues, Karen J. Holcom, Vice President and Controller, will also serve as Interim Chief Financial Officer. Karen previously served as Vice President, Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject.
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 and is well qualified to fill the interim role."

Acuity Brands, Inc., with fiscal year 2003 net sales Net Sales

The amount a seller receives from the buyer after costs associated with the sale are deducted.

Notes:
This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight
 of over $2.0 billion, is comprised of Acuity Brands Lighting and Acuity acuity /acu·i·ty/ (ah-ku´i-te) clarity or clearness, especially of vision.

a·cu·i·ty
n.
Sharpness, clearness, and distinctness of perception or vision.
 Specialty Products. Acuity Brands Lighting is a world leader in lighting fixtures and includes brands such as Lithonia Lighting(R), Holophane(R), Peerless(R), Hydrel(R), American Electric Lighting(R), and Gotham(R). Acuity Specialty Products is a leading provider of specialty chemicals and includes brands such as Zep(R), Enforcer(R), and Selig Industries(TM). Headquartered in Atlanta, Georgia, Acuity Brands employs approximately 11,000 people and has operations throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere.  and in Europe and Asia.
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Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Sep 1, 2004
Words:334
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