Oldcastle BuildingEnvelope CEO Bruno Biasiotta Steps Down to Focus on Health; CFO Michael Marcely Appointed Interim CEO

Oldcastle BuildingEnvelope Inc. announced today that Bruno Biasiotta will step down as chief executive officer to focus on his health and family. OBE’s Chief Financial Officer, Michael (Mike) Marcely, will assume the responsibilities of interim chief executive officer effective immediately.

Steve Dean appointed as new divisional president

The company also announced the appointment of Steve Dean as president – glass and glazing systems. Dean joins OBE after serving 25 years in senior roles at Wesco International Inc. and Anixter International Inc., most recently as senior vice president and general manager – utility.

What executive leadership says

“It has been an enormous privilege to serve as the CEO of OBE,” says Biasiotta. I am proud of all we accomplished, but, most importantly, the exceptional value we provided to our customers the past 18 months. I believe in OBE’s ability to continue providing industry-leading glazing and architectural hardware solutions to its customers and to strategically invest its capital pursuing the significant growth opportunities available. Having worked closely with Mike Marcely for the past six years, I have the utmost confidence in his ability to lead OBE as Interim CEO.”

Raquel Vargas Palmer, co-managing partner of KPS Capital Partners, LP and chairperson of OBE’s board of directors, said, “We greatly appreciate and thank Bruno for his contributions to OBE during his tenure as CEO. Under Bruno’s leadership, we successfully established OBE as a standalone enterprise, achieved meaningful revenue and earnings growth, demonstrated OBE is the acquiror of choice for family-owned glazing solutions and architectural hardware businesses, and created a leadership culture to position the company for its next phase of growth.”

“I appreciate the confidence and support to serve in this role at this important time,” says Marcely. “The broader OBE senior leadership team and I are committed to ensuring this change is seamless for our customers, suppliers and employees. Steve Dean is a high-caliber, motivated leader and we are excited to have him on board to accelerate the value and solutions we provide to our customers.”

OBE has engaged Acertitude in the search for a permanent CEO.