People: Watsco Inc (WSO)

WSO on New York Consolidated

104.18USD
17 Apr 2014
Price Change (% chg)

$5.30 (+5.36%)
Prev Close
$98.88
Open
$103.75
Day's High
$105.23
Day's Low
$101.10
Volume
665,996
Avg. Vol
274,230
52-wk High
$105.23
52-wk Low
$77.09

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Summary

Name Age Since Current Position

Albert Nahmad

72 1973 Chairman of the Board, President, Chief Executive Officer

Ana Menendez

48 2003 Chief Financial Officer, Treasurer, Assistant Secretary

Barry Logan

50 2011 Senior Vice President, Secretary, Director

Aaron Nahmad

31 2011 Vice President - Strategy and Innovation, Director - Global Business Development, Director

Paul Manley

76 Lead Independent Director

David Darnell

60 2012 Director

Bob Moss

66 2014 Director

Cesar Alvarez

66 1997 Independent Director

Denise Dickins

51 2007 Independent Director

Steven Fedrizzi

58 2010 Independent Director

Biographies

Name Description

Albert Nahmad

Mr. Albert H. Nahmad is Chairman of the Board, President, Chief Executive Officer of Watsco Inc., since December 1973. Mr. Nahmad was elected to the Board in December 1973. He is the Chair of the Nominating & Strategy Committee. He has 40 years of leadership experience as President and Chief Executive Officer and has broad knowledge of our Company and long-standing experience with the HVAC/R industry.

Ana Menendez

Ms. Ana M. Menendez is Chief Financial Officer, Treasurer, Assistant Secretary of Watsco Inc. She has served as Company's Chief Financial Officer and Treasurer since November 2003, as Treasurer since 1998 and as Assistant Secretary since 1999. Ms. Menendez is a certified public accountant.

Barry Logan

Mr. Barry S. Logan is Senior Vice President, Secretary, Director of Watsco Inc. He has served as Vice President of Finance and Chief Financial Officer from 1997 to October 2003, as Treasurer from 1996 to 1998 and in other capacities beginning in 1992. Mr. Logan is a certified public accountant. Mr. Logan has served as a member of the Board since 2011. The Board nominated Mr. Logan as a director because his long-term experience with Watsco makes his input particularly valuable to the Board.

Aaron Nahmad

Mr. Aaron J. Nahmad is Vice President - Strategy and Innovation, Director - Global Business Development, Director of Watsco Inc. He has served as our Vice President of Strategy and Innovation since July 2010 and as Director of Global Business Development since 2005. Mr. Nahmad holds a B.A. from the University of Pennsylvania and a M.B.A. from New York University’s Leonard N. Stern School of Business. Aaron J. Nahmad is the son of Albert H. Nahmad. Mr. Nahmad has served as a member of the board since 2011 and is a member of the Nominating & Strategy Committee. The Board concluded that Mr. Nahmad should serve as a director because of his current role as Vice President of Strategy and Innovation and his accomplished educational background in business.

Paul Manley

Mr. Paul F. Manley is Lead Independent Director of Watsco Inc. Mr. Manley has been retired since serving as Executive Director of the law firm of Holland & Knight from 1987 to 1991. From 1982 to 1987, Mr. Manley served as Vice President of Planning at Sensormatic Electronics Corporation. Prior to 1982, Mr. Manley served as the Managing Partner of the Miami office of Arthur Young & Company.Mr. Manley was elected to the Board in 1984 and is the Co-Chairperson of the Audit Committee and Chair of the Compensation Committee. The Board concluded that Mr. Manley should serve as a director because of his past executive oversight and senior management experience as well as his financial expertise in accounting and auditing.

David Darnell

Mr. David C. Darnell has been appointed as Director of Watsco, Inc., effective November 12, 2012. Mr. Darnell is the Co-Chief Operating Officer of Bank of America Corporation (“Bank of America”) since September 2011, prior to which Mr. Darnell served as the President of Bank of America’s Global Commercial Banking team from July 2005 to September 2011. Mr. Darnell joined Bank of America in 1979 and is now responsible for serving approximately 56 million of the bank’s consumers and small businesses with deposit, lending, card, home mortgage, wealth management and related products and services.Mr. Darnell was appointed to the Board in 2012 to fill the vacancy created by Bob L. Moss. The Board nominated Mr. Darnell to serve as a director because of his years of executive oversight and senior management experience in the banking industry.

Bob Moss

Mr. Bob L. Moss is Director of Watsco Inc. Mr. Moss previously served as a Watsco director for 20 years from 1992 to 2012. Mr. Moss is President of Moss & Associates LLC., which is the seventh construction company in Florida and one of the top 100 building contractors in the nation. Mr. Moss previously served as chairman of the board and Chief Executive Officer of Centex Construction Group from 2000 to 2002, the domestic general building contractor in the nation.

Cesar Alvarez

Mr. Cesar L. Alvarez is Independent Director of Watsco Inc., since 1997. Mr. Alvarez served as the Co-Chairman of the international law firm Greenberg Traurig, P.A. (“Greenberg”) since February 2012. Mr. Alvarez previously served as Greenberg’s Chief Executive Officer from 1997 until his election as Executive Chairman in January 2010 and as its Executive Chairman from 2010 until his election as Co-Chairman.Mr. Alvarez was elected to the Board in 1997 and is a member of the Nominating & Strategy Committee. The Board concluded that Mr. Alvarez should serve as a director because of his management experience as the current Co-Chairman and as former Executive Chairman and Chief Executive Officer of one of the nation’s largest law firms with professionals providing services in multiple locations across the country and abroad as well as his many years of corporate governance experience, both counseling and serving on the boards of directors of other publicly traded companies.

Denise Dickins

Dr. Denise Dickins is Independent Director of Watsco Inc., since May 25, 2007. She has been an Associate Professor of Accounting and Auditing at East Carolina University where she has been employed since 2006. From 2002 to 2006, she was an instructor of various accounting courses at Florida Atlantic University. Prior to that, she was with Arthur Andersen LLP where she served in different capacities from 1983 to 2002, including Partner in Charge of the South Florida Audit Division. Dr. Dickins is a certified public accountant and certified internal auditor.Dr. Dickins was elected to the Board in 2007 and is the Co-Chairperson of the Audit Committee. The Board concluded that Dr. Dickins should serve as a director because of her accomplished professional and academic experience in accounting and auditing as well as her other public company board experience, including experience with matters addressed by audit committees.

Steven Fedrizzi

Mr. Steven Richard Fedrizzi is Independent Director of Watsco Inc., since November 22, 2010. Mr. Fedrizzi co-founded the U.S. Green Building Council (“USGBC”), a non-profit organization dedicated to sustainable building design and construction, in 1993 and was appointed President and Chief Executive Officer of the USGBC in April 2004. Prior to founding the USGBC, Mr. Fedrizzi had a distinguished 25 year career at United Technologies Corporation (“UTC”), where he served as an in-house environmental consultant and in various marketing positions. Mr. Fedrizzi has served as a member of the Board since 2010. The Board concluded that Mr. Fedrizzi should serve as a director because he is a recognized leader in the global sustainability movement and an early promoter of green building methods. His skills and experience strengthen our ongoing commitment of providing consumers with energy efficient and environmentally responsible products.

Basic Compensation

Name Fiscal Year Total

Albert Nahmad

7,192,830

Ana Menendez

572,249

Barry Logan

609,265

Aaron Nahmad

341,248

Paul Manley

--

David Darnell

--

Bob Moss

--

Cesar Alvarez

--

Denise Dickins

--

Steven Fedrizzi

--
As Of 30 Dec 2012

Options Compensation

Name Options Value

Albert Nahmad

1,008,333 45,604,165

Ana Menendez

85,000 3,814,710

Barry Logan

342,500 14,627,928

Aaron Nahmad

5,000 147,650

Paul Manley

0 0

David Darnell

0 0

Bob Moss

0 0

Cesar Alvarez

0 0

Denise Dickins

0 0

Steven Fedrizzi

0 0
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