Armstrong Flooring, Inc. recently announced that John “Jay” W. Thompson, Chief Financial Officer (CFO), is leaving the Company effective May 8, 2017, for a position as CFO for a private equity-backed company in the consumer packaged goods industry.
Kimberly Z. Boscan, the Company’s Vice President and Controller, has been appointed to serve as interim CFO upon Thompson’s departure. The Company has engaged a nationally recognized firm to undertake a comprehensive search for an external candidate to serve as permanent CFO. In the interim, Boscan will report directly to Donald R. Maier, the Company’s President & CEO.
“We are grateful for Jay’s contributions to Armstrong Flooring, particularly in helping to establish a standalone finance function after our separation from Armstrong World Industries, Inc. (AWI). We wish him the best in his future endeavors and thank him for agreeing to assist in an orderly transition,” said Maier.
Boscan joined AWI in 2015, serving as Vice President and Controller of AWI’s Resilient and Wood Flooring businesses prior to the Company’s separation from AWI on April 1, 2016, at which time she became the Company’s Vice President and Controller. Prior to joining AWI, from 2012 to 2015 Boscan provided management consulting services through her firm, Zeiser Boscan Enterprises, LLC, and through Vaco Indianapolis, LLC. In 2008, she joined Mead John Nutrition in advance of its spin-off from Bristol-Myers Squibb to serve as Assistant Controller, a role she held until 2012. Additionally, from 1997 to 2007, Boscan held a variety of roles within the finance organization of Ford Motor Company.
“Kim is a seasoned veteran with significant corporate finance experience. She is well suited to lead our finance function during this transition period,” said Maier.