Atkore announces CFO and CAO transition

Fri 26 Jul 2024

Image of Atkore employees, Alvey and Deitzer.

Manufacturer of electrical products, Atkore Inc., has announced that David Johnson has resigned as Vice President, Chief Financial Officer, and Chief Accounting Officer, effective close of business on 9 August 2024.

Johnson is leaving to pursue a career opportunity outside of the electrical industry. The Company has appointed John Deitzer as its new Vice President and Chief Financial Officer, and James Alvey as its new Chief Accounting Officer, effective upon Johnson’s departure.

Johnson said Atkore is positioned for long-term success with a strong team, strategic vision and continuous improvement processes.

“The difficult decision to leave Atkore for a career advancement opportunity was made easier, in part, knowing John and James possess the skills and qualifications to quickly assume these roles,” added Johnson.

President and CEO of Atkore, Bill Waltz, said under Johnson’s leadership, Atkore has created a balanced capital deployment model enabling acquisitions, internal investments, stock repurchases and quarterly dividends.

“Adhering to this disciplined financial management in combination with our standard organisational leadership succession planning will certainly provide for a smooth transition of responsibilities. David will be missed as both a colleague and Atkore teammate, and we wish him the best,” said Waltz.

Atkore Appoints Deitzer as VP and CFO

The newly appointed Vice President and Chief Financial Officer, John Deitzer, brings over 19 years of experience in investor relations, treasury, and corporate strategy.

Deitzer joined Atkore in 2019, initially serving as Vice President of Investor Relations and later taking on roles overseeing Environmental, Social, and Governance (ESG) initiatives, as well as Treasury responsibilities.

His career also includes positions at Alcoa Corporation, PPG Industries, and H.J. Heinz Company. Deitzer holds a Master of Business Administration in Finance and Strategy from Carnegie Mellon University, Tepper School of Business, and a Bachelor of Science in Chemical Engineering from Case Western Reserve University.

Alvey to Serve as CAO

James Alvey, who will step into the role of Chief Accounting Officer, has been with Atkore for four years, most recently serving as Corporate Controller.

In his new role, Alvey will continue to oversee corporate accounting, external reporting, internal controls, and policies to ensure compliance with statutory requirements. He will also manage Accounting Shared Services, which centralises accounting for leases, fixed assets, rebates, payroll, cash, and enterprise-wide account reconciliation monitoring.

Alvey’s background includes over a decade at Ernst & Young as Audit Senior Manager and service as a Staff Sergeant in the United States Army, where he was honourably discharged with a Bronze Star Medal. He holds both a Master of Science in Accounting and a Bachelor of Science in Business Administration from Oklahoma State University, Spears School of Business.

The appointments of Deitzer and Alvey are expected to support Atkore’s continued growth and adherence to its strategic vision, ensuring a seamless transition and sustained financial discipline in the coming years.