, an industry leader in engineered structural connectors and building solutions, announced it has appointed Matt Dunn as chief financial officer and treasurer, effective Jan. 1, 2025. Dunn has served as Simpson鈥檚 Senior Vice President of Finance since June 2024 and will succeed Brian Magstadt. Magstadt will continue in his role as CFO through the end of 2024, after which he will remain employed as an executive advisor to assist with the transition until his retirement on June 30, 2025. This strategic hire follows a comprehensive search for the ideal candidate with a proven track record of demonstrated leadership, strategic capabilities and values that align with Simpson鈥檚 core principles of doing business, as inspired by the company鈥檚 founder.
As CFO, Dunn will oversee the financial and risk management operations of the company, including the financial strategy, metrics and ongoing monitoring of control systems. He also will manage the company鈥檚 capital request, allocation, and budgeting processes; monitor cash balances and cash forecasts; implement cash investment strategies; and maintain and lead its finance, audit, and tax teams. Additionally, Dunn will be responsible for evaluating potential mergers and acquisitions that align with Simpson鈥檚 growth goals, supervising acquisition due diligence and negotiating acquisitions.
Dunn brings more than 23 years of experience in the financial management of numerous high-profile brands in leadership roles spanning corporate finance and strategy. Prior to joining Simpson, he most recently served as Senior Vice President of Finance, North America at Helen of Troy, a $2 billion global consumer products company, where he oversaw the financial performance of its largest region. Preceding that, Dunn led the retaining wall division of Inventure Group, a privately held civil construction products company. He also spent 12 years in roles of increasing seniority in finance at Procter & Gamble, preceded by three years in operations finance at Kimberly-Clark. Dunn holds Bachelor of Arts degrees in Finance and Accounting from Cedarville University.
Mike Olosky, Simpson鈥檚 president and CEO, commented, 鈥淲e are delighted to appoint Matt as Simpson鈥檚 new CFO. Matt is a highly accomplished finance professional with an impressive track record of driving strong results and forward thinking. He has already made valuable contributions in his short time at the company, and I am confident he will be an integral player in further solidifying Simpson as a leader in the building products space. Additionally, I鈥檇 like to extend my gratitude to Brian Magstadt for his 20 years of service with the company. We wish him all the best in his retirement.鈥�
鈥淪impson鈥檚 proven business model, strong brand recognition, and trusted reputation make it an honor to be named CFO at such an exciting time in the company鈥檚 evolution,鈥� said Dunn. 鈥淚鈥檇 like to extend my appreciation to Brian for his continued guidance over the next several months and support in helping to ensure a seamless transition. I look forward to leveraging my experience to further Simpson鈥檚 mission and to drive continued success for all of our stakeholders.鈥�
