Worthington Enterprises Names Joseph Hayek Chief Executive Officer; Effective Nov. 1

Core Viewpoint - Worthington Enterprises, Inc. has appointed Joseph Hayek as the new president and CEO effective November 1, 2024, succeeding Andy Rose who is retiring after 16 years with the company [1] Leadership Transition - Joseph Hayek, currently the executive vice president and chief financial and operations officer, is recognized for his leadership and understanding of Worthington's culture [1] - The Board of Directors expressed confidence in Hayek's ability to drive long-term shareholder value and ensure a smooth transition [1] - Andy Rose is acknowledged for his contributions, particularly in separating Worthington Industries into two independent public companies, which unlocked over $1 billion in shareholder value [1] New Executive Appointments - Colin Souza will become vice president and chief financial officer effective November 1, 2024, currently overseeing financial planning and analysis [2] - Souza has been with the company since 2011 and has held various finance and strategy roles, leading the project management office for Worthington 2024 [2] Company Overview - Worthington Enterprises is a designer and manufacturer of brands that enhance safety, health, and expression, operating in two primary segments: Building Products and Consumer Products [3] - The Building Products segment includes solutions for cooking, heating, cooling, and water, while the Consumer Products segment covers tools, outdoor living, and celebrations [3] - The company serves the global hydrogen ecosystem through a joint venture focused on fueling systems and gas containment solutions [3] Employment and Corporate Philosophy - Worthington Enterprises employs approximately 6,000 people across North America and Europe [4] - Founded in 1955, the company follows a people-first philosophy, prioritizing shareholder earnings and community engagement through various initiatives [5]