Resideo announces CEO succession plan, new chairman of board

Resideo (REZI) Technologies announced that Jay Geldmacher, President and CEO, has informed the Board of his intention to retire from his executive and Board roles in 2025. Geldmacher will continue to serve as President and CEO until his successor is named, at which time he will also retire from the Board and become a senior advisor to the company to facilitate a smooth transition. The Board has engaged a nationally recognized executive search firm to assist in the process of identifying and evaluating qualified candidates. Resideo also announced that, effective November 7, Board member and current Vice-Chair, Andrew Teich has been named as Chairman of the Board, succeeding Roger Fradin who has stepped down from the Board after having served as Chairman of the Board since 2018. Given his long history with the company, Fradin will continue to advise Resideo in a consulting capacity, leveraging his extensive and relevant industry and operational experience.