Griffon Corporation announced today that it has selected Douglas J. Wetmore as Executive Vice President and Chief Financial Officer, effective September 1, 2009.
Douglas J. Wetmore will report directly to the Chief Executive Officer. Mr. Wetmore was most recently Senior Vice President, Chief Financial Officer and Treasurer of International Flavors and Fragrances Inc. (IFF), a New York Stock Exchange listed company that is a leading creator and manufacturer of flavors and fragrances used in a variety of consumer products. Mr. Wetmore held such position for over ten years. Prior to that, he was Corporate Controller of IFF for seven years and spent over twelve years at Price Waterhouse. He holds a B.B.A degree from the University of Notre Dame and is a certified public accountant.
Patrick L. Alesia, who presently serves as the Vice President, Chief Financial Officer, Treasurer and Secretary, is being promoted to the position of Chief Administrative Officer effective September 1, 2009. Mr. Alesia will continue to report directly to the Chief Executive Officer. Mr. Alesia will continue to serve as the Vice President, Treasurer and Secretary of the company. Mr. Alesia has been employed by the company for 35 years and has been an executive officer of the company since 1979.
Ronald J. Kramer, Chief Executive Officer, stated, "As our CFO, Pat has done a great job and has made many contributions to Griffon's success. I am confident that he will bring the same determination and commitment to his new position as Chief Administrative Officer. I am pleased that Doug will be joining us to add depth to our management team as we position Griffon to grow. Doug has accumulated a wealth of experience in finance, strategy and planning that will be instrumental in his new position. I expect Doug to play an integral role in the growth of Griffon for years to come."