09.01.04
Acuity Brands, Inc. announced that effective today, Vernon J. Nagel is the new chairman and chiefexecutive officer, succeeding James S. Balloun, who retired as part of a previously announcedsuccession plan. Mr. Nagel joined Acuity Brands in December 2001 as executive vice president andchief financial officer. In January 2004, he was elected vice chairman and chief financial officer andappointed to the board of directors.
"I am excited by the opportunity to provide continued direction to the sound strategy put in place byJim Balloun," said Mr. Nagel. "My focus going forward will be to build on that strong foundation andto accelerate our execution on key initiatives for the achievement of our long-term financial andoperational goals. Our mission is to make Acuity Brands a great company for our customers,employees, and shareholders."
Also, Karen J. Holcom, vice president and controller, will serve as interim chief financial officer.Before these appointments, she served as vice president, financial services.
"I am excited by the opportunity to provide continued direction to the sound strategy put in place byJim Balloun," said Mr. Nagel. "My focus going forward will be to build on that strong foundation andto accelerate our execution on key initiatives for the achievement of our long-term financial andoperational goals. Our mission is to make Acuity Brands a great company for our customers,employees, and shareholders."
Also, Karen J. Holcom, vice president and controller, will serve as interim chief financial officer.Before these appointments, she served as vice president, financial services.