Armstrong World Industries CEO Grizzle to become Executive Chair; Hershey named CEO April 1
Armstrong World Industries announced that President and CEO Victor Grizzle will become Executive Chair and Mark Hershey, its current Chief Operating Officer, will succeed him as President and CEO, both effective April 1, 2026. The filing also sets new pay terms for both executives, with Hershey's salary rising to $850,000 and Grizzle's falling to $700,000, which shareholders may follow in future proxy and filing disclosures.
Key points
- Victor Grizzle moves from President and CEO to Executive Chair; Mark Hershey becomes President and CEO effective April 1, 2026
- Hershey's annual salary rises to $850,000; Grizzle's falls to $700,000, both effective April 1, 2026
- Roy Templin, current Board Chair, becomes lead independent director; expected to be reappointed Chair effective January 1, 2027
- The Board expands to nine members with Hershey's addition; Hershey's initial term expires at the June 11, 2026 Annual Shareholders' Meeting
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 14, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.