Resideo names Thomas Surran CEO and sets May 11 spin-off filing for ADI Global Distribution
Resideo filed a Form 10 for the planned spin-off of its ADI Global Distribution business and named leadership for both companies, with the spin-off expected between mid-third and mid-fourth quarter of 2026. Thomas Surran will become CEO of Resideo at spin-off completion, succeeding Jay Geldmacher, and CD&R-linked directors Nathan Sleeper and Cynthia Hostetler will leave the board when the separation closes. The filing gives shareholders a timeline and leadership structure but does not include new full-year results or guidance.
Key points
- Thomas Surran to become President and CEO of Resideo effective upon completion of the Separation; Geldmacher retires after a new CEO is appointed, then advises for six months
- ADI 2025 carveout figures: revenue of approximately $4.8 billion, net loss of $261 million, Adjusted EBITDA of $318 million
- Spin-off expected between mid-third quarter and mid-fourth quarter 2026; investor days in mid-July 2026 in New York City
- Resideo is conducting a search for a new Chief Financial Officer; Andrew Campelli of CD&R to join the board at separation
The filing
Written by AI on Nov 8, 2026, 1:49 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 May 11, 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.