TREX - Trex Taps New CFO as Prior CFO Moves to CEO Role
Composite "wood" manufacturer Trex (NYSE: TREX) put up Q4 2019 financial results that were really fantastic, with sales leaping 18% and profits soaring 41% year over year. Of course, all of Trex reported those results back in February before the novel coronavirus waltzed onto the world stage with its many effects on global markets.
At Trex, the man who must deal with this changing world is new Chief Executive Officer Bryan Fairbanks, who will be promoted from his current job as Chief Financial Officer on April 29. (Current CEO James Cline will become Chairman of the company).
Image source: Trex.