David Bonderman Intends not to Stand for Reelection as Director of Armstrong World Industries, Inc
January 31, 2012 at 02:19 pm EST
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On January 25, 2012, David Bonderman, a member of the Board of Directors of Armstrong World Industries, Inc. since 2009, informed the Board of his intention to not stand for reelection as a director when his term expires at the Company's 2012 Annual Meeting of Shareholders. Mr. Bonderman's decision is not the result of any disagreement with the Company on any matter relating to its operations, policies or practices and he intends to serve as a member of the Board for the remainder of his current term.
Armstrong World Industries, Inc. designs, innovates, and manufactures ceiling and wall system solutions. The Company manufactures and sources products made of numerous materials, including mineral fiber, fiberglass wool, metal, wood, wood fiber, glass-reinforced-gypsum and felt. It also manufactures ceiling suspension system (grid) products. Its Mineral Fiber segment produces suspended mineral fiber and soft fiber ceiling systems. Its products offer various performance attributes, such as acoustical control, rated fire protection, and energy efficiency. Its Architectural Specialties segment produces, designs and sources ceilings, walls and facades for use in commercial settings. Its products are available in metal, felt and wood, in addition to various colors, shapes and designs. It sells standard, premium and customized products. It is also engaged in designing and manufacturing sustainably crafted architectural resins and glass for ceilings, walls and other interior applications.