Chief Financial Officer Michael McMurray’s 11-year career in Owens Corning comes to an end on 23rd October as he steps down from his role to pursue another professional opportunity. As a member of our Executive Committee, McMurray has played an important role in driving the success of the company.

CEO Brian Chambers shared, “Through his leadership, we have built a talented and experienced finance team who will continue to deliver on our key business priorities.”

McMurray had joined Ohio-based Owens Corning as Vice President Investor Relations & Treasurer back in December 2008. Then he moved on to be Vice President Finance - Building Materials Group in three years. After being in that role for a year, he was soon promoted to head the financial agenda for the company. He had been the CFO for Owens Corning since 2012. 

“I am proud to have been a part of such a great company and talented finance organization,” McMurray says. “Owens Corning has a strong future and I look forward to watching the company’s success for years to come.”

Before joining Owens in 2008, McMurray has also worked in Shell for more than 20 years. Now he moves ahead with another professional opportunity which remains unknown as of now. 

At Owens Corning, on the other hand, the external search for McMurray’s replacement has begun. While the leaders search for a new head for finance, Prith Gandhi, currently vice president of Corporate Strategy, Corporate Development, and Financial Planning, will serve as interim CFO. 

Gandhi has more than 25 years of financial experience and has a proven track record for leading organizations. Prior to joining Owens Corning, he worked in various financial roles for Dover Corporation and Zebra Technologies Corporation. Gandhi also spent 11 years with Morgan Stanley in mergers and acquisitions, and proprietary trading. 

Chambers feels Gandhi’s deep financial expertise and tremendous knowledge of their company can ensure a smooth CFO transition. With a focus on servicing customers and delivering strong returns to their investors, the hunt for a new finance head will be top priority for Owens Corning. As the US currently faces a tight economic situation, the role of CFOs have become all the more critical. For Chambers and other leaders at Owens Corning ensuring a smooth transition of responsibilities without compromising the normal business would be critical.  

Image Credits: The Business Journals