Management ChangeJun 11, 2026, 04:22 PM
Mohawk Industries Appoints Paul De Cock as CEO; Lorberbaum to Chair
AI Summary
Mohawk Industries announced the appointment of Paul F. De Cock as its new Chief Executive Officer and a Director, effective September 30, 2026. Mr. De Cock, currently President and COO, will succeed Jeffrey S. Lorberbaum, who will retire from his CEO role but remain as Chairman of the Board. This leadership transition is part of the company's succession planning, with Mr. De Cock bringing over two decades of industry experience to the role. His compensation package includes a base salary of $1,267,000 and a significant equity award.
Key Highlights
- Paul F. De Cock appointed Chief Executive Officer and Director, effective September 30, 2026.
- Mr. De Cock will succeed Jeffrey S. Lorberbaum, who retires as CEO but will continue as Chairman of the Board.
- Mr. De Cock, 53, currently serves as President and Chief Operating Officer since February 2025.
- His prior roles include President of Flooring North America and President of Unilin Flooring.
- Mr. De Cock will receive an annualized base salary of $1,267,000.
- He will participate in annual cash bonus and long-term equity incentive plans, with a target annual cash bonus of 125% of base salary.
- He will also receive a sign-on equity award of 30,000 restricted stock units, vesting ratably over three years.
Price Impact
More from MHK