|Griffon Names Kramer As Its New CEO|
Monday March 17, 9:40 am ET
Griffon Names Ronald Kramer Chief Executive to Succeed Retiring Harvey Blau
JERICHO, N.Y. (AP) -- Engineering company Griffon Corp. said Monday it named Ronald J. Kramer chief executive, effective April 1.
Kramer, 49, will succeed the retiring Harvey R. Blau, who will remain as non-executive chairman of the board. Kramer has served as a Griffon board member since 1993 and is also vice chairman.
Kramer currently serves as president of Las Vegas-based casino operator Wynn Resorts Ltd., where he is also a director.
Griffon shares fell 23 cents, or 3 percent, to $7.55 in morning trading.