Resideo Technologies, Inc., a globally renowned provider of home comfort and security solutions, has announced that Phillip Theodore will join the company as Chief Transformation Officer, effective June 1, 2020.
Operations and transformation
Theodore brings more than 30 years of operational and transformation experience working across a broad array of industries. He will work closely with Resideo’s leadership team and its Board to advance Resideo’s Financial and Operational (F&O) review and execution, which includes revenue and gross margin growth, SG&A optimization and working capital management.
“Phil has a proven track record and expertize in transforming companies with complex, global operations,” said Jay Geldmacher, President and CEO of Resideo.
Financial and Operational (F&O) review and execution
I’m competitive to my core personally as well as in business and believe Resideo has what it takes to win"
Jay adds, “His insights will be invaluable as we execute our F&O review and continue to drive efficiencies and improve productivity across the company. He will be an integral member of my leadership team, and I look forward to working with him to build on Resideo’s progress and achieve sustained, profitable growth.”
“I’m competitive to my core personally as well as in business and believe Resideo has what it takes to win,” said Philip Theodore, adding “Resideo has taken marked strides toward transforming itself over the last several months.”
Expanding global distribution business
He further said, “With its trusted, best-in-class products, renowned global distribution business and strong brand recognition, I believe the steps we’re taking today across Resideo will enable us to unlock long-term value for our shareholders.”
Michael Flink, Resideo’s Executive Vice President of Transformation, will be moving into a newly created non-executive Senior Vice President role. He will report to Geldmacher and continue overseeing the execution of key projects and initiatives on behalf of the company.
Supporting Resideo’s transformation efforts
Geldmacher said “I want to thank Michael for the critical role he has played at Resideo to date. In addition to supporting the company’s transformation efforts, the breadth of his global industry experience has been a tremendous asset to the company and will continue to be as he takes on his new role.”
He concludes, “We look forward to Phil and Michael's contributions to the success of the company in their new roles.”