Simpson Manufacturing Co., Inc. has recently appointed Angela Drake as an independent director of the Company, effective January 1, 2025. Ms. Drake brings nearly 30 years of experience in financial and business management, having served as the Chief Financial Officer at The Toro Company since March 2023. Prior to this, she held various leadership positions at The Toro Company and Charles Machine Works. She also serves as a member of the board at First Bank & Trust Company and is a Certified Public Accountant with a Bachelor of Science in Accounting from the University of Central Oklahoma.
Simpson Manufacturing Co., Inc., headquartered in Pleasanton, California, is an industry leader in engineered structural connectors and building solutions. The company designs, engineers, and manufactures wood construction products, including connectors, truss plates, fastening systems, fasteners, and shear walls, as well as concrete construction products, including adhesives, specialty chemicals, mechanical anchors, powder-actuated tools, and reinforcing fiber materials. Simpson primarily supplies its building product solutions to both the residential and commercial markets in North America and Europe. The Company's common stock trades on the New York Stock Exchange under the symbol "SSD."
The appointment of Angela Drake to the Board of Directors is expected to bring extensive experience in financial leadership roles at leading manufacturing companies, including strategic planning, mergers and acquisitions, information technology, and budget and expense management. Ms. Drake's appointment comes as Simpson Manufacturing Co. continues to execute its key growth initiatives and aims to bolster its position as a leader in the building products space.
Angela Drake has been appointed to serve on Simpson's Audit and Finance and Compensation and Leadership Development Committees. The addition of Ms. Drake to the Board is anticipated to bring beneficial contributions to the Company as it continues to pursue its growth objectives.
The market has reacted to these announcements by moving the company's shares 1.5% to a price of $166.93. If you want to know more, read the company's complete 8-K report here.
