1. Sean Gadd appointed as new President and CEO of Latham Group. 2. Gadd has 21 years of experience at James Hardie, driving growth. 3. Scott Rajeski, the previous CEO, retires but will advise the company. 4. Latham focuses on expanding fiberglass pool market share. 5. The transition is set for January 5, 2026.
FAQ
Why Bullish?
Leadership change often revitalizes companies, and Gadd's track record suggests positive growth potential. Historical precedents show improved performance after leadership transitions in manufacturing sectors.
How important is it?
Gadd's extensive experience and previous success may lead to market innovation and improved sales. Leadership changes are critical indicators of potential shifts in corporate strategy and market focus.
Why Long Term?
Leadership changes tend to positively impact company direction and performance over time. Gadd's strategic skill set may enhance Latham's market positioning in the coming years.
Latham Group Appoints Sean Gadd as CEO, Effective January 5, 2026
Latham Group, Inc. (Nasdaq: SWIM), the leading designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, has announced the appointment of Sean Gadd as its new President and Chief Executive Officer. This transition follows a thorough succession planning process and will take effect on January 5, 2026. Current CEO Scott Rajeski will retire after more than eight years in the role but will continue to provide support as a special advisor to the company.
Background on Sean Gadd
Sean Gadd brings extensive experience to Latham Group, having spent 21 years at James Hardie, where he last served as President of North America. During his tenure, he was responsible for overseeing the financial performance of James Hardie’s largest regional business and played a pivotal role in the company’s growth strategy. His background includes serving as:
- Executive Vice President, North America, Commercial (2018-2022)
- Executive Vice President, Markets and Segments, North America (2015-2018)
Under Gadd’s leadership, James Hardie experienced significant organic net sales growth and enhanced market penetration. His expertise in material conversion aligns closely with Latham’s initiatives, particularly in the vital Sand States.
Strategic Importance of the Appointment
James E. Cline, Chairman of Latham Group, expressed confidence in Gadd's appointment, stating, “Sean is known as a strong leader and brand-builder, with a proven track record of driving growth at James Hardie. We believe his commercial experience and sector knowledge will accelerate our market share and transition to fiberglass pools.”
In his own words, Gadd stated, “I am excited to join Latham and look forward to leveraging my experience in the building products sector to enhance market penetration and recognition for Latham’s superior service and products.”
Transition from Scott Rajeski
Scott Rajeski has played a fundamental role in advancing Latham Group's operations and strategies during his tenure as CEO. Under his leadership, the company successfully went public in April 2021 and has demonstrated resilience even amidst challenging industry conditions.
Upon his retirement, Rajeski noted, “I am proud to retire with the company in a strong financial position and confident in Sean’s capability to guide Latham to continued success in the marketplace.”
About Latham Group, Inc.
Headquartered in Latham, NY, Latham Group is recognized as the largest designer, manufacturer, and marketer of in-ground residential swimming pools across North America, Australia, and New Zealand, with approximately 1,850 employees across around 30 locations.
Forward-Looking Statements
This announcement contains forward-looking statements concerning future operating results, financial position, and strategic outlook. These statements are subject to risks and uncertainties that could cause actual results to differ materially from expectations, including economic conditions, consumer demand challenges, and operational risks. Investors are encouraged to review Latham's recent filings for a detailed discussion of these factors.