Valhi, Inc. Announces Leadership Changes Amidst Strategic Realignment

Strategic Insights -

Valhi, Inc., a Delaware-based company, has reported significant leadership changes in its executive suite. Effective June 1, 2021, James W. Brown, the executive vice president and chief financial officer (CFO), has provided notice of his retirement. Brown's retirement will allow for the appointment of new leadership, ensuring a smooth transition for the company.

Key Takeaways:

  • **CFO Transition:** James W. Brown, executive vice president and CFO, is retiring, effective June 1, 2021, as CFO of Valhi, Inc. and Kronos Worldwide, an affiliate of Valhi, Inc.
  • **New Leadership Appointed:** Amy Allbach Samford has been elected as senior vice president and CFO of Valhi, Inc., replacing Brown. Samford, age 47, has served as vice president and controller from 2016 to June 2021 and currently serves as senior vice president and CFO of Contran and NL Industries, Inc.
  • **Additional Leadership Changes:** Patty S. Brinda has been elected as vice president and controller, replacing Brown's predecessor in that role.
  • **Inter-Corporate Services Agreement:** Samford and Brinda provide their services to Valhi, Inc. under an intercorporate services agreement with Contran, the privately-held parent corporation.
  • **Potential Conflicts of Interest:** A discussion on the potential conflicts of interest of officers serving multiple corporations is included in the 2021 proxy statement, which is incorporated by reference.

Statistics:

  • **Age of New Leadership:** Amy Allbach Samford is 47 years old, and Patty S. Brinda is 58 years old.
  • **Tenure with Valhi, Inc.:** Samford has served the company since 2016, while Brinda has served since previous roles before being appointed controller.
  • **Post-Retirement roles:** James W. Brown continues to serve as executive vice president of Contran, the registrant, and Kronos Worldwide.

Sources:

  • UNITED STATES SECURITIES AND EXCHANGE COMMISSION
  • Form 8-K (Current Report) filed by Valhi, Inc. on June 2, 2021.
  • 2021 Proxy Statement for Valhi, Inc.