We conducted an extensive, nationwide search focused on finding a proven leader with profound experience, a strong commitment to profitable growth, and who shared our culture and values,” said Chairman of the Board and interim President and CEO Adam Farver. “We found all of that and more with Mr.Tim Yaggi. Tim has demonstrated the ability to create value and drive sustained business results as well as build high-performing teams.”
Yaggi’s most recent position was chief operating officer and interim president and CEO at Tempur Sealy International, which is the world’s largest bedding provider. While there, he led the turnaround of the Tempur-Pedic brand through product innovation and brand-building activities.
Prior to his work in bedding, Tim served at MASCO Corporation as Group President of the North America Builder Group where he oversaw a portfolio of 7 independent companies with 15,000 employees. Yaggi also held a number of senior management positions at Whirlpool Corporation, most recently as executive vice president, North America Market Operations.
“I truly connected with the people and the culture here at Pella Corporation during my interviews,” added Yaggi. “It is clear team members are committed and care about this company and each other. That is why it is such an honor to be the next president and CEO. As I begin my new role, I will be focused on leveraging our solid competitive advantages and talented team to build upon Pella’s strong brand and product innovation pipeline as we continually focus on enhancing value for Pella customers.”
Tim’s first official day will be Monday, May 9 and he and his wife, Kim, will be relocating to Pella, Iowa from Lexington, Kentucky in the near future. Mr. Yaggi received his A.B. degree in psychology from Princeton University and his M.B.A. degree from Michigan State University.
Founded in 1925 and headquartered in Pella, Iowa, Pella Corporation designs and manufactures made-to-order and custom windows, doors, blinds and shades and services for almost every type of home or building being built today.
With 11 manufacturing locations within the United States, Pella Corporation also includes EFCO Corporation, a manufacturer of architectural windows, curtain walls, storefronts, and entry systems designed for commercial construction needs and Grabill Windows & Doors Inc., designer, and manufacturer of custom luxury windows and doors for elite properties. Recently, Pella Corporation opened the Pella Crafted Luxury showroom for expanded design possibilities.