CHARLOTTE, N.C. - EnPro Industries, Inc. (NYSE: NPO) (the “Company”), a leading industrial technology company leveraging materials science across its portfolio of businesses, today announced that Eric Vaillancourt, President of Sealing Technologies, has been appointed Interim President and Chief Executive Officer, effective immediately.
The Company’s Board of Directors (the “Board”) and Marvin Riley have mutually agreed that Mr. Riley will step down as President and Chief Executive Officer and as a member of the Board, effective immediately.
The Board has engaged a nationally recognized search firm to commence a search process to identify a permanent President and Chief Executive Officer and will consider both internal and external candidates.
“Enpro is in a strong position today, having successfully shifted its focus to high-margin businesses and expanding capabilities in faster growing technology end-markets,” said David L. Hauser, Chairman of the Board. “With a clear strategic path ahead and a deep bench of talent, I am confident that we will build on our momentum as we continue to transform into a leading industrial technology company. We appreciate Marvin’s contributions to the Company and wish him the best in his future endeavors.”
Riley’s departure is not related to any disagreement with the Board or members of management concerning corporate strategy or financials.
Vaillancourt has spent 12 years in various leadership positions within Enpro, most recently serving as President of Enpro’s Sealing Technologies segment. Prior, Vaillancourt served as President, STEMCO division beginning in July 2018. He has also served as President, Garlock division, President, Garlock Sealing Products and as Vice President, Sales and Marketing of the Garlock division. Prior to joining Enpro in 2009, Vaillancourt held positions of increasing responsibility with Bluelinx Corporation, culminating in his position as Regional Vice President North-Sales and Distribution.