Edition:
United States

Watsco Inc (WSO)

WSO on New York Consolidated

140.61USD
26 May 2017
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Summary

Name Age Since Current Position

Albert Nahmad

76 2016 Chairman of the Board, Chief Executive Officer

Aaron Nahmad

35 2016 President, Director

Bob Moss

69 2016 Vice Chairman of the Board, Lead Independent Director

Ana Menendez

52 2003 Chief Financial Officer, Treasurer, Assistant Secretary

Barry Logan

54 2011 Senior Vice President, Secretary, Director

David Darnell

64 2012 Independent Director

Denise Dickins

55 2007 Independent Director

Jason Epstein

43 2016 Independent Director

Steven Fedrizzi

62 2010 Independent Director

George Sape

72 2015 Independent Director

Biographies

Name Description

Albert Nahmad

Mr. Albert H. Nahmad serves as Chairman of the Board, Chief Executive Officer of the Company. He has been the visionary and leader of Watsco for over 40 years, having served as our Chairman and Chief Executive Officer since 1972. Among his many contributions, Mr. Nahmad has been instrumental in the scaling of our business through acquisitions, the cultivation of strategic vendor relationships, and the development of Watsco’s entrepreneurial culture. In 1988 Mr. Nahmad made the decision to pivot the Company’s strategic focus from manufacturing to distribution of HVAC/R products. Since that time, Watsco’s market capitalization has grown from $22 million to $5.3 billion, and its 25-year compounded annual growth rate of total shareholder return has been 20.8%. With revenues exceeding $4 billion, Watsco has solidified its place as the industry leader and now has approximately 5,050 employees serving approximately 88,000 contractor customers through a branch network of more than 560 locations.

Aaron Nahmad

Mr. Aaron J. Nahmad serves as President, Director of the Company. He has served as the President of the Company since January 2016 and as a director since 2011. He served as Vice President of Strategy & Innovation from July 2010 until January 2016 and as Director of Global Business Development beginning in 2005. He 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. He is the son of Albert H. Nahmad. A.J. Nahmad has led the transformation of Watsco into a technology-enabled business. His promotion to President in January 2016 recognized this leadership and acknowledged the importance of the successful execution and adoption of these innovations across the Watsco enterprise.

Bob Moss

Mr. Bob L. Moss serves as Vice Chairman of the Board, Lead Independent Director of the Company. He was appointed to the Board in 2014 and previously served as a director from 1992 to 2012. Mr. Moss is a dynamic leader and has built a successful career in the construction industry over the last 48 years. He is the Chairman and Chief Executive Officer of Moss & Associates LLC, founded in 2004, which has grown into one of the largest general contractors in the Southern United States with revenues of over $1 billion. Mr. Moss previously served as chairman of the board and Chief Executive Officer of Centex Construction Group, where he spent 23 years building Centex into the largest domestic general building contractor in the nation. Mr. Moss serves as our Vice Chairman of the Board and is a member of the Nominating & Governance Committee. Mr. Moss brings entrepreneurial skills, business-building abilities, leadership development experience and a wealth of knowledge of the construction industry to our Board.

Ana Menendez

Ms. Ana M. Menendez serves as Chief Financial Officer, Treasurer, Assistant Secretary of the Watsco Inc. She has served as our 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. Ms. Menendez supervises all financial and accounting aspects of the Company, including taxes, risk management, benefits, treasury and cash management, the Company’s system of internal control and other compliance activities. She also is the leader and principal contact for the Company’s banking relationships and actively participates at a senior level in a variety of strategic activities.

Barry Logan

Mr. Barry S. Logan serves as Senior Vice President, Secretary, Director of Watsco Inc. He has served as our Senior Vice President since November 2003 and as a director since 2011. Mr. Logan 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 was Watsco’s fourth corporate employee and is an integral participant in the Company’s business development initiatives, financial and other strategic activities during his 24-year career. He is also the principal contact with the institutional shareholder community and, as such, is the principal contact for engagement with our shareholders

David Darnell

Mr. David C. Darnell serves as Independent Director of Watsco, Inc. He has served as a Board member since 2012. He retired from Bank of America Corporation as Vice Chairman in June 2016 after a 37-year career. He previously served as its Co-Chief Operating Officer from 2011 until his election as Vice Chairman of Global Wealth & Investment Management in August 2014. Mr. Darnell’s career has spanned nearly four decades, beginning as a local credit analyst, working his way through the ranks from middle market banking group president to Florida commercial division group president in the 1990s. In subsequent years, he was active in the strategic growth of the bank and an active leader in its merger and acquisition activities. Mr. Darnell brings significant operational, acquisition, governmental, financial, leadership-development capabilities and technology execution skills to the Board. He serves on the board of directors of Granite Construction (member of the audit committee), a publicly-traded company. Mr. Darnell is a member of the Audit Committee.

Denise Dickins

Dr. Denise Dickins serves as Independent Director of Watsco Inc. She has served as a Board member since 2007. Since 2006, she has been employed by East Carolina University where she is currently an Associate Professor of Accounting and Auditing. She teaches courses in Auditing and Corporate Governance. From 2002 to 2006, while earning her Ph.D., 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 varying 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 has served on the board of directors of three other publicly traded companies: Steiner Leisure Ltd. (chair of the audit committee and a member of the governance and nominating committee) until its sale in December 2015, Great Lakes Dredge & Dock (chair of the audit committee) until resigning in October 2015, and TradeStation Group, Inc. (lead director, chair of the nominating committee and member of the audit and compensation committees) until its sale in June 2011. Dr. Dickins brings auditing, accounting, and corporate governance skills to the Board. She serves as chair of the Audit Committee and as the chair of the Compensation Committee. She is also a member of the Nominating & Governance Committee.

Jason Epstein

Mr. Jason Epstein is an Independent Director of the Company. He is the Managing Partner of Columbus Nova, the U.S. investment vehicle for the Renova Group, a multi-national, Zurich-based industrial holding company. He co-leads the investment activities for Columbus Nova, which manages a variety of growth equity, private equity and fixed income assets. Prior to joining Columbus Nova in 2001, Mr. Epstein founded eLink Communications, a provider of broadband, networking and application services, and served as its Chief Executive Officer. He also co-founded Chloe’s Soft Serve Fruit, which is sold in more than 10,000 stores nationwide. Mr. Epstein received a B.A. from Tufts University. Mr. Epstein has served as a board member of Cyalume Technologies Holdings, Inc., a publicly-traded technology company, since 2008. He also served as a board member of CIFC Corp., a publicly-traded debt manager specializing in U.S. corporate debt strategies, from 2010 until its sale in 2016 where he served as chair of its nominating & corporate governance committee. Mr. Epstein brings entrepreneurial skills, investment expertise, management experience and technology insights to the Board.

Steven Fedrizzi

Mr. Steven Richard Fedrizzi is no longer Independent Director of the Watsco Inc, effective June 5, 2017 . He has served as a Board member since 2010. Mr. Fedrizzi is currently the Chairman and Chief Executive Officer of the International WELL Building Institute, a public benefit company advancing buildings that put human wellness at the center of their design and operation. He was a co-founder and Chief Executive Officer of the U.S. Green Building Council (USGBC), a non-profit organization dedicated to sustainable building design and construction, and the Chief Executive Officer of the Green Building Certification Institute. Prior to his USGBC role, Mr. Fedrizzi had a 25-year career at United Technologies Corporation, where he served as an in-house environmental consultant and in various sales and marketing positions. 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, both domestically and on an international basis. Mr. Fedrizzi serves on the boards of directors of a number of non-profit organizations. He is a member of the Compensation Committee. Mr. Fedrizzi’s term as a Common director ends at the Annual Meeting, at which Mr. Fedrizzi is not standing for reelection.

George Sape

Mr. George P. Sape serves as Independent Director of Watsco Inc. He was appointed to the Board in 2015 and previously served as a Watsco director from 2003 to 2014. Mr. Sape retired in 2015 as the Managing Partner of Epstein Becker and Green, P.C., a New York-based law firm, after 29 years. Mr. Sape previously served as Vice President and General Counsel for Organizations Resources Counselors, Inc., a consulting services provider to a number of Fortune 500 companies and has served as counsel or as an advisor to various congressional committees related to labor, education and public welfare.

Basic Compensation

Name Fiscal Year Total

Albert Nahmad

10,900,700

Aaron Nahmad

4,937,670

Bob Moss

23,444

Ana Menendez

650,731

Barry Logan

727,231

David Darnell

18,444

Denise Dickins

160,703

Jason Epstein

--

Steven Fedrizzi

38,484

George Sape

51,332
As Of  30 Dec 2016

Options Compensation