Guardian Industries names longtime executives as new leadership

A newly elected board of directors composed of longtime executives will take the helm at Guardian Industries Corp. following the March 13 death of Bill Davidson, the Auburn Hills glass-maker’s chairman, CEO and owner.

The board will be led by Russell Ebeid, president of Guardian Glass Group, as chairman.Also elected were Duane Faulkner, president of Guardian Building Products Group, Robert Gorlin, vice president of Guardian Industries, Guardian Industries CFO Jeffrey Knight and Peter Walters, group vice president of Guardian Industries.

The board members will continue to be responsible for day-to-day operations of their respective business areas in addition to their new roles, where they will also be responsible for “setting overall direction and overseeing the ongoing operation of the company,” according to a company statement.

It was anticipated that some form of employee-ownership structure would emerge after Davidson’s death, but the company has not disclosed details.

In March 2007, Davidson told Crain’s he was planning for the succession of his estimated $5.7 billion global automotive and construction glass-making empire.

“The basic company will be family-owned, but the employees will control and own any important part of the company after I go,” Davidson said in the interview.

He offered few details, but said an employee stock-ownership plan was not in the works at Guardian.

Sources close to the situation confirmed the new board has some level of ownership, but the company is still closely held and majority-owned by the Davidson family.

The board is now in control of metro Detroit’s third-largest privately held company, behind only Chrysler L.L.C and Penske Corp. in 2007 revenue, according to the 2009 Crain’s Book of Lists.

Guardian has grown from a small windshield fabricator founded by Davidson family members in 1937 to now employ more than 19,000 people worldwide at locations in 21 countries in North America, South America, Africa, the Middle East, Europe and Asia.

Guardian makes float glass and fabricated glass and fiberglass products for the construction and automotive industries. Float glass is the process of pouring molten glass into a bed of molten tin. The glass floats to the top and solidifies as it cools.

600450 Guardian Industries names longtime executives as new leadership

See more news about:

Others also read

Peng Shou Visits KCC Corporation (South Korea)
On the afternoon of July 16th, 2018, Peng Shou, board chairman of CTIEC, was invited to pay a working visit to headquarters of KCC in Korea.
Emirates Float Glass achieves 1 million man-hours without loss time injury for second time in history
Dubai Investments PJSC has announced that its wholly-owned subsidiary Emirates Float Glass has accomplished a unique recognition by achieving one million man-hours without Loss Time Injury [LTI] for the second time in its history.
Innovative bird-friendly glass featuring Starphire glass among highlights of renovated Tropical Rainforest
National Aviary’s new bird habitat unveiled after extensive renovation.
Donau City Tower 1
Designed by Dominique Perrault, Tower 1 of the Donau City (DC) Towers project is a prominent building across the Vienna skyline and is the highest skyscraper in Austria.
Machinery and products for glass: Markets on the upswing, excellent exports performance
The Gimav Studies Centre releases official data on the sector: the growth trend continues for the 8th consecutive year.
CTIEC Signs General Contract of Pakistan  Waste Heat Power Generation Project
On July 9,2018, the signing ceremony of general contract project of installing waste heat generation facilities for two float glass production lines (450t/d+550t/d) of GhaniGlass Co. Ltd. (Pakistan) by CTIEC was held in Shanghai.

From industry

Is Kuleleri, Kule: 2, Kat: 22, 4. Levent
34330 Levent-Istanbul/İstanbul

40 Corniche El-Nil,
Al Sharafain Tower Maadi,
Cairo Governorate

Add new comment