Chair of Compensation Committee
Member of Executive Committee
Matthew J. Espe served as an operating partner at Strategic Value Partners, a private investment firm from 2017 through April 2023, chairing two of their portfolio company Boards, and sitting on the board of a third. Mr. Espe also served as an operating partner at Periphas Capital Partnership Corporation from January 2018 until January 2023. Mr. Espe is a member of the Board of Directors of Anywhere Real Estate, Inc. (formerly known as Realogy Holdings Corp.) and the advisory Board of Centri Consulting LLC.
Mr. Espe was recruited by Sterling Partners in January 2017 to lead the transformation of Radial Inc., a $1.2B ecommerce services business. His initial areas of focus were organization alignment, strategic prioritization, and governance. After an eight-week enterprise assessment, he recommended and led the successful sale of Radial to Belgian Post. Mr. Espe served as Chief Executive Officer of Armstrong World Industries, a $2.9B global building products company, retiring in March 2016. Mr. Espe was recruited by Armstrong’s Board to improve P&L, drive leadership, operational and strategic improvements. thereby increasing return on invested capital and equity value by 75%. Prior to Armstrong, he served as Chairman and Chief Executive Officer of IKON Office Solutions, a $4.9B document management services company, transforming the company's business model and nearly doubled shareholder value, resulting in a $1.6B merger with Ricoh Japan. Mr. Espe served in a transition role to lead the integration. Prior to IKON, Mr. Espe spent 23 years at GE. His last assignment was President and Chief Executive Officer of GE Lighting.
Among Mr. Espe’s experience, qualifications, attributes and skills for which he is considered a valuable member of the Board of Directors, Mr. Espe has considerable experience as a Chief Executive Officer of a Fortune 500 company, and he brings significant management experience and knowledge to the Board of Directors in the areas of finance, accounting, international business operations, risk oversight and corporate governance. He also brings significant experience gained from service on the board of directors of other public companies.