- Generated over 30% revenue growth in Canada since joining Company
in 2016 -
- Brings decades of experience and success into his expanded role -
MP MENASHE, Israel--(BUSINESS WIRE)--Jan. 23, 2019--
Caesarstone Ltd. (NASDAQ: CSTE), a leading developer and manufacturer of
high-quality engineered quartz surfaces, today announced the appointment
of Mr. Ken Williams as the Company’s new President of North America, a
newly created region combining the U.S. and Canadian operations,
effective immediately. Mr. Williams joined the Company in 2016 as
President of Caesarstone Canada. During his tenure in Canada, the
Company grew sales in this region by more than 30%, while introducing
numerous operational enhancements that have improved Caesarstone’s
position in the region.
The Company’s U.S. and Canadian regions have many similarities, which
provide numerous opportunities to unify certain functions under one
North American team to drive the go-to-market strategy, operations and
efficiencies. The North America operation will be headquartered at the
Company’s existing office in Charlotte, North Carolina.
Mr. Yuval Dagim, Chief Executive Officer, commented, “As part of
our evolving strategic initiatives, I am happy to promote Ken to lead
our newly created North American region, and proud of the deep bench of
talent within our organization. Ken has shown remarkable ability in the
management of our Canadian business, assembling a strong team and
driving impressive results during his tenure with us.”
Mr. Dagim continued, “Our U.S. and Canada teams have worked closely
together for many years. Combining regional leadership into one role
will allow us to more efficiently streamline certain functions, bring
products to market faster and achieve cost savings over time. I view Ken
as a great fit for the role, given his success at Caesarstone and
significant experience across the continent, which provide him with
solid footing to execute our growth objectives in North America.”
Mr. Ken Williams stated, "I am excited to expand my leadership
role at Caesarstone and I look forward to effecting significant
improvements in our North American selling efforts by further
capitalizing on our global operating platform, powerful brand and
innovative products to seize on the great market opportunity.”
Mr. Williams is a seasoned executive with decades of sales, marketing,
finance and management experience in the U.S. and Canada. He is skilled
at building strong teams and advancing growth strategies at rapidly
growing enterprises, while adhering to his core values centered on
people, high performance, innovation and customers. Prior to joining
Caesarstone, Mr. Williams served as Executive Vice President of Sales
and Marketing of Masco Cabinetry, a division of Masco, a publicly traded
Fortune 500 Company, where he grew sales to over $1 billion with full
P&L responsibility for all business in North America and international
markets. Mr. Williams achieved a strong career trajectory during his 17
years at Masco, assuming increasing levels of leadership roles across
numerous business units. Prior to Masco, from 1991 to 2000, Mr. Williams
served as Director of Sales and Business Development at NHB Industries
Limited, a cabinet manufacturer subsequently acquired by Fortune Brands.
His earlier career includes management and finance positions at The
Redhill Company and Thorne Riddell Consulting Group.
About Caesarstone
Caesarstone is a concept and lifestyle-driven company with a
customer-centered approach to designing, developing, and producing
high-end engineered quartz surfaces used in residential and commercial
buildings. Caesarstone® products offer superior aesthetic appeal and
perfected functionality through a distinct variety of colors, styles,
textures and finishes used in countertops, vanities, wall cladding,
floors, and other interior surfaces. Marked by their inherent longevity
characteristics such as non-porousness, scratch and stain resistance,
and durability, the company’s product umbrella offers a highly desirable
alternative to other surfaces. Strong commitment to service has fostered
growing customer loyalty in over 50 countries where the four distinct
Caesarstone product collections are available: Classico, Supernatural,
Metropolitan and Concetto. For more information please visit our
website: www.caesarstone.com.
Forward-Looking Statements
Information provided in this press release may contain statements
relating to current expectations, estimates, forecasts and projections
about future events that are "forward-looking statements" as defined in
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements generally relate to the Company's plans,
objectives and expectations for future operations, including its
projected results of operations and the expected timing of expanding its
manufacturing facilities. These forward-looking statements are based
upon management's current estimates and projections of future results or
trends. Actual results may differ materially from those projected as a
result of certain risks and uncertainties. These factors include, but
are not limited to: the strength of the home renovation and construction
sectors; economic conditions within any of our key existing markets;
actions by our competitors; changes in raw material prices, particularly
polymer resins and pigments; fluctuations in currency exchange rates;
the success of our expansion efforts in the United States; the outcome
of silicosis claims and the claim by our former quartz processor;
unpredictability of seasonal fluctuations in revenues; delays in
manufacturing if our suppliers are unable to supply raw materials; and
other factors discussed under the heading "Risk Factors" in our most
recent annual report on Form 20-F and other documents filed with the
Securities and Exchange Commission. These forward-looking statements are
made only as of the date hereof, and the Company undertakes no
obligation to update or revise the forward-looking statements, whether
as a result of new information, future events or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190123005645/en/
Source: Caesarstone Ltd.
Investor Relations:
ICR, Inc.
Rodny Nacier
CSTE@icrinc.com
+1
(646) 277-1237
Caesarstone
Maya Lustig
Maya.Lustig@caesarstone.com
+
972 54 677 8100