Armstrong Appoints New CEO, Grizzle Transitions to Executive Chair
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2026
0mins
Armstrong World announced that the company's president and CEO Vic Grizzle will transition to executive chair, and that current senior VP and COO Mark Hershey will succeed Grizzle as CEO and president effective April 1. Hershey will also become a member of the Armstrong board of directors.
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Analyst Views on AWI
Wall Street analysts forecast AWI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AWI is 207.25 USD with a low forecast of 189.00 USD and a high forecast of 220.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
3 Buy
2 Hold
0 Sell
Moderate Buy
Current: 184.120
Low
189.00
Averages
207.25
High
220.00
Current: 184.120
Low
189.00
Averages
207.25
High
220.00
About AWI
Armstrong World Industries, Inc. designs, innovates, and manufactures interior and exterior architectural applications, including ceilings, specialty walls and exterior metal solutions. It also manufactures ceiling suspension system (grid) products. Its segments include Mineral Fiber and Architectural Specialties. The Mineral Fiber segment produces suspended mineral fiber and soft fiber ceiling systems. Its mineral fiber products offer various performance attributes, such as acoustical control, rated fire protection, and energy efficiency. The Architectural Specialties segment produces, designs and sources ceilings, walls and other interior and exterior architectural applications for use in commercial settings. Its products are available in metal, felt, wood, resin, wood fiber and glass-reinforced-gypsum in various colors, shapes and designs. It sells standard, premium and customized products. This segment of products is sold primarily to resale distributors and direct customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Armstrong World Industries Appoints New CEO, Market Cap Nearly Quadrupled
- Leadership Transition: Armstrong World Industries announced that current COO Mark Hershey will succeed Vic Grizzle as CEO effective April 1, 2026, marking a smooth leadership transition after Grizzle's decade-long tenure.
- Market Capitalization Growth: Under Grizzle's leadership, Armstrong's market capitalization has nearly quadrupled since separating from its flooring business in 2016, demonstrating the company's sustained profitability and growth potential in the building products sector.
- Strategic Planning: Hershey has played a pivotal role in developing and executing the company's strategy over the past 15 years, leading 14 acquisitions that have successfully transformed the Architectural Specialties segment, highlighting his importance in the company's future direction.
- Future Vision: Hershey expressed his commitment to advancing the company's growth strategy while focusing on customer needs, leveraging Armstrong's 165-year legacy of excellence and integrity to enhance its market competitiveness.
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