Mercerville, N.J.—Congoleum’s CEO Robert Moran has retired, effective Nov. 21. At the same time, the company’s board of directors has appointed Christopher O’Connor COO, effective Dec. 1. Additionally, current board members Peter Venetis and Tom McKay—whose investment firms are Congoleum’s largest stakeholders—will assume the roles of executive chairman and vice chairman, respectively.
“We are grateful to Bob for his successful stewardship over the past five years and we are confident that, in Chris, we have selected a strong leader at a time when the company is well positioned for the challenges and opportunities ahead,” Venetis said. “The pace of change is accelerating and Congoleum has incredible potential to leverage its long-standing commitment to quality, design and innovation to capture an increasing share of the market segments in which it participates. Chris’ insight, vision and executional track record—along with the support of a terrific management team—are exactly what Congoleum needs as we enter a very exciting next chapter in our over 100-year-old corporate history.”
Moran expressed confidence in the board’s choice. “Chris is a bright and capable leader who has contributed significantly to our success in a relatively short time,” he said. “He will ensure Congoleum continues to execute on the strategic growth plans and deliver long-term success.”