CSW Industrials, Inc. has appointed Darron Ash as an independent director, as part of the company's board succession planning process. Ash, currently the CEO and executive board member of Sammons Enterprises, Inc., brings extensive financial and operational leadership expertise to the board.
CSW Industrials operates in three segments: contractor solutions, specialized reliability solutions, and engineered building solutions. The company serves various end markets including HVAC/R, plumbing, general industrial, architecturally-specified building products, energy, mining, and rail transportation.
Before joining CSW Industrials, Ash was the CFO at HM Capital Partners, LLC, and also has prior experience in public accounting, consumer products manufacturing, professional services, and real estate.
CSW Industrials' Chairman and CEO, Joseph B. Armes, expressed confidence in Ash's ability to drive the company's future growth and enhance long-term shareholder value, given his experience as a leader of a large, complex organization with a unique ownership culture.
As for Ash's educational background, he holds a Bachelor of Science from Texas A&M University and a Master of Business Administration from the University of Texas at Austin.
This appointment reflects the company's commitment to disciplined capital allocation, corporate responsibility, and board succession planning, in anticipation of upcoming age-based director retirements. As a result of these announcements, the company's shares have moved 0.6% on the market, and are now trading at a price of $255.85. Check out the company's full 8-K submission here.
