Apogee Enterprises: executive vice president retires

Apogee Enterprises announced at the end of November 2006 that Michael Clauer has resigned as executive vice president (EVP). He will leave the company on 31 December 2006.
“Mike has made significant…

Apogee Enterprises announced at the end of November 2006 that Michael Clauer has resigned as executive vice president (EVP). He will leave the company on 31 December 2006. “Mike has made significant contributions to Apogee during his six years with the company, ranging from strategy development and execution to improved performance and growth of individual company businesses”, said Russell Huffer, Apogee chairman and chief executive officer. “Mike will be leaving the businesses he is responsible for in good positions to meet our strategic objectives for revenue and earnings growth.” Mr. Huffer said Apogee will conduct a search to fill Mr. Clauer“s position. Mr. Clauer joined Apogee in November 2000 as EVP and chief financial officer (CFO). He was promoted to EVP in February 2004, and given responsibility for three architectural segment business units and the large-scale optical segment. “We“ve achieved several major accomplishments over the past six years – our team has improved the financial health of Apogee, repositioned the company to focus on the architectural and picture framing markets, and significantly improved performance in operations,” said Clauer. “Our efforts are reflected in Apogee“s results. I believe the company is well positioned for continued success”.