Tag: Thomas Surran
Products and Solutions team drives success for Resideo
February 26, 2025Ken Showers, Managing Editor
SCOTTSDALE, Ariz. — Resideo Technologies exceeded key metrics in the fourth quarter and is in a strong position going into 2025, company officials said during a recent webcast presentation.
CEO Jay Geldmacher attributed the company’s success to the ADI and Products and Solutions teams and their operational execution generating organic net revenue growth and leading to continued gross margin expansion, healthy adjusted EBITDA growth and record operating cash generation.
“Let...
Resideo CEO announces retirement
November 8, 2024Ken Showers, Managing Editor
SCOTTSDALE, Ariz. — Resideo Technologies President and CEO Jay Geldmacher has announced his plans to retire in 2025.
During a conference call to discuss the company’s third quarter 2024 financial results, Geldmacher said he plans to remain CEO until a successor is appointed and after that he plans to serve as a senior advisor to ensure a smooth transition.
“It’s been my privilege to lead the company for the last four and a half years,” he said. “I’ve...