Andersen Chairman, CEO Jay Lund Announces Retirement from Chief Executive Role
Andersen Corp. announced that Jay Lund, chairman and CEO, will retire from his chief executive role at the end of this year. Lund will maintain his position as chairman of the Andersen Corp. board of directors.
The company’s board of directors has approved Chris Galvin, the company’s current president and chief operating officer, to succeed Lund as president and CEO, effective Jan. 1, 2023.
Lund will retire after dedicating 37 years of his career to Andersen Corp., including the past nearly 12 years as the company’s CEO. He joined Andersen in 1985 and developed deep expertise in the company through a variety of roles before being named CEO in 2011 and chairman of the board of directors in 2013.
During his tenure as CEO, Lund has led the privately held company to nearly triple annual revenue through geographic and market segment expansion of Andersen’s traditional business and extraordinary growth of Renewal by Andersen, the company’s full-service window and door replacement division. Under Lund’s leadership, the company also completed several strategic acquisitions aimed at expanding the product portfolio, growing the Renewal by Andersen retail business and vertically integrating key technologies, and exited the vinyl hollow core segment of the market through a significant divestiture that helped sharpen the company’s focus on its premium window and door product offerings.
As a champion for diversity, equity and inclusion, Lund has transformed the culture of Andersen while building on the company’s longstanding philosophy of working “all together” to the benefit of customers, employees, shareholders and communities.
Lund’s contributions extend beyond Andersen through his deep commitment to community service. He has served on the Andersen Corporate Foundation Board of Directors for 17 years, as well as several corporate, civic and philanthropic boards and capital campaigns, including the Board of Regents of St. Olaf College, where he currently serves as board chair.
“Jay has led Andersen through a transformative period in the company’s history, delivering impressive business performance while passionately embracing diversity, equity and inclusion inside and outside Andersen, positioning the company for continued growth in the future,” says Donald Allan, Jr., lead independent director, Andersen Corp. board of directors. “Jay has led with integrity, intelligence and heart, and he will leave a lasting impression on the company, employees, customers, community and shareholders.”
Upon Lund’s retirement, Galvin will become the company’s president and CEO. Over the course of his nearly 20 years with Andersen, Galvin has held leadership roles across all areas of the company including corporate finance, manufacturing, logistics, supply chain operations and general management. In 2019, he became president of the Andersen Division and in 2021, Galvin was named the company’s president and chief operating officer.
“Chris is an inspiring leader, with deep knowledge of the business and industry. He is widely respected by the Andersen team for his character, intellect, kindness and work ethic,” says Lund. “He has excelled throughout his career at Andersen and ably led our company through a global pandemic that tested our business in many ways. Chris has the full confidence of our board of directors as the company’s next chief executive officer. He will be an exceptional steward of Andersen’s long-standing values and industry leadership.”
Galvin currently serves on the Andersen Corporate Foundation board of directors as well as the boards of the Saint Paul & Minnesota Foundation and First State Bank and Trust.
“I am honored to build on the legacy of Jay and the leaders that came before him. With deep appreciation for the foundation upon which our company has flourished for over a century, I am committed to furthering our mission to ensure our customers are delighted by their experiences, our employees are inspired by the possibilities in front of us, and our industry and communities are stronger because our innovative spirit and commitment to giving back makes a meaningful difference,” says Galvin.