Resideo Technologies President and CEO Mike Nefkens is leaving his role at the company “to focus on family health issues,” according to an announcement. Nefkens has agreed to continue until his successor is appointed, at which time he also will step down from the board of directors. Nefkens will be supported by Andy Teich, the company’s lead independent director, through the transition period.
The Resideo board is conducting a search for the company’s next CEO with the assistance of independent search firm Russell Reynolds Associates. “Resideo has a strong foundation to build on, with industry-leading distribution, innovative products and services, deep relationships with professional installers and expansive reach across our industry,” states Roger Fradin, Chairman of the board of Resideo. “As we advance our operational and financial transformation to enhance long-term shareholder value, we believe now is the right time to transition leadership of the company. We thank Mike for his hard work and appreciate his continued support of an orderly transition.”
