Mohawk Industries Appoints New CEO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 11 2026
0mins
Source: seekingalpha
- Executive Transition: Mohawk Industries has appointed Paul F. De Cock as CEO and board member effective September 30, 2026, succeeding retiring Jeffrey S. Lorberbaum, who will remain as chairman, ensuring continuity in governance and stability for the company.
- Succession Plan Implementation: De Cock has served as president and COO since February 2025 as part of the company's succession strategy, and this appointment signifies a strategic continuation in leadership aimed at sustaining business growth and market competitiveness.
- Leadership Stability: The transition from Lorberbaum to De Cock reflects Mohawk Industries' commitment to executive stability, which is expected to aid in maintaining consistency in strategic execution and further solidify the company's leadership position in the flooring industry.
- Future Outlook: Under De Cock's leadership, Mohawk Industries is likely to continue advancing innovation and market expansion strategies to address industry changes and customer demands, thereby enhancing the company's long-term competitive advantage.
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Analyst Views on MHK
Wall Street analysts forecast MHK stock price to rise
11 Analyst Rating
5 Buy
6 Hold
0 Sell
Moderate Buy
Current: 108.040
Low
110.00
Averages
131.88
High
154.00
Current: 108.040
Low
110.00
Averages
131.88
High
154.00
About MHK
Mohawk Industries, Inc. is a flooring manufacturer that creates products to enhance residential and commercial spaces around the world. Its segments include Global Ceramic, Flooring North America (Flooring NA) and Flooring Rest of the World (Flooring ROW). The Global Ceramic segment designs, manufactures, sources, distributes and markets a line of ceramic, porcelain and natural stone tile products used for floor and wall applications in residential and commercial channels. Flooring NA segment designs, manufactures, sources, distributes and markets a range of floor covering products, including broadloom carpet, carpet tile, rugs and mats, carpet pad, laminate, medium-density fiberboard (MDF), wood flooring, LVT and sheet vinyl. Flooring ROW segment designs, manufactures, sources, distributes and markets a variety of laminate, LVT and sheet vinyl, wood flooring, broadloom carpet and carpet tile collections used in residential and commercial markets for remodeling and new construction.
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.
Mohawk Industries Appoints New CEO
- Leadership Change: Mohawk Industries announced that Paul F. De Cock will succeed Jeffrey S. Lorberbaum as CEO effective September 30, ensuring continuity as Lorberbaum, who has served for 25 years, remains as chairman of the board.
- Company Achievements: Under Lorberbaum's leadership, Mohawk became the world's largest flooring manufacturer, showcasing strong market competitiveness and industry influence, which lays a solid foundation for the new CEO's strategic initiatives.
- De Cock's Background: Joining Mohawk in 2005 through the acquisition of Unilin, De Cock has held senior roles across laminate, wood, LVT, and carpet sectors, bringing extensive industry experience that will aid in driving the company's future growth.
- Stock Price Reaction: Mohawk's shares closed up 7.47% at $109.35 on Thursday, with an additional 1.61% increase to $111.11 in after-hours trading, reflecting positive market expectations regarding the new leadership.
See More
Mohawk Industries Appoints New CEO
- Executive Transition: Mohawk Industries has appointed Paul F. De Cock as CEO, succeeding the retiring Jeffrey S. Lorberbaum, with De Cock set to officially take over on September 30, 2026, marking a significant leadership change for the company.
- Succession Planning: De Cock has served as President and COO since February 2025, and this appointment is part of the company's succession plan aimed at ensuring a smooth transition and continued growth in leadership.
- Board Structure: Although Lorberbaum will retire, he will remain as Chairman of the Board, ensuring strategic direction and stability during the transition, reflecting the company's commitment to leadership continuity.
- Market Outlook: Mohawk forecasts adjusted EPS of $2.50 to $2.60 for Q2 2026, and despite weakening market conditions, the company plans to implement mid- to high single-digit price increases to maintain profitability.
See More
Mohawk Industries Appoints New CEO
- Executive Transition: Mohawk Industries has appointed Paul F. De Cock as CEO and board member effective September 30, 2026, succeeding retiring Jeffrey S. Lorberbaum, who will remain as chairman, ensuring continuity in governance and stability for the company.
- Succession Plan Implementation: De Cock has served as president and COO since February 2025 as part of the company's succession strategy, and this appointment signifies a strategic continuation in leadership aimed at sustaining business growth and market competitiveness.
- Leadership Stability: The transition from Lorberbaum to De Cock reflects Mohawk Industries' commitment to executive stability, which is expected to aid in maintaining consistency in strategic execution and further solidify the company's leadership position in the flooring industry.
- Future Outlook: Under De Cock's leadership, Mohawk Industries is likely to continue advancing innovation and market expansion strategies to address industry changes and customer demands, thereby enhancing the company's long-term competitive advantage.
See More
Paul De Cock Appointed CEO of Mohawk Industries
- Leadership Transition: Paul De Cock will succeed Jeffrey Lorberbaum as CEO of Mohawk Industries effective September 30, 2026, ensuring a smooth leadership transition as Lorberbaum continues as Chairman after a 25-year tenure.
- Extensive Industry Experience: De Cock has over two decades of operational and commercial leadership experience since joining the company in 2005, having held various senior roles that strengthened Mohawk's international operations and product portfolio.
- Strategic Development Focus: De Cock aims to accelerate growth and innovation while staying true to the company's core values, indicating a commitment to exploring new pathways to navigate future market challenges.
- Company Scale and Impact: Mohawk Industries has become the world's largest flooring manufacturer, leveraging its vertically integrated manufacturing and distribution capabilities to maintain a leading position across North America, Europe, and South America.
See More
Mohawk Industries Q1 2026 Earnings Call Insights
- Performance Meets Expectations: Mohawk Industries reported net sales of approximately $2.7 billion and adjusted EPS of $1.90 for Q1 2026, indicating resilience in a challenging environment despite economic uncertainties affecting consumer behavior.
- Commercial vs. Residential Dynamics: CEO Jeff Lorberbaum highlighted that the commercial sector continues to outperform residential markets, with new home construction remaining soft as consumers defer purchases and remodeling projects due to economic uncertainty, potentially impacting future sales growth.
- Cost and Profit Pressure: CFO Nicholas Manthey reported a gross margin of 23.5%, adjusted to 24.8%, but faced $38 million in nonrecurring charges primarily related to restructuring actions initiated last year, indicating challenges in cost control amidst inflationary pressures.
- Cautious Future Outlook: The company provided Q2 2026 adjusted EPS guidance of $2.50 to $2.60, below analysts' estimate of $2.73, with management emphasizing that the full impact of pricing actions and rising costs will not be felt until Q3, increasing the uncertainty surrounding market conditions.
See More
Mohawk (MHK) Q1 2026 Earnings Call Transcript
See More
Mohawk Industries Appoints New CEO
- Leadership Change: Mohawk Industries announced that Paul F. De Cock will succeed Jeffrey S. Lorberbaum as CEO effective September 30, ensuring continuity as Lorberbaum, who has served for 25 years, remains as chairman of the board.
- Company Achievements: Under Lorberbaum's leadership, Mohawk became the world's largest flooring manufacturer, showcasing strong market competitiveness and industry influence, which lays a solid foundation for the new CEO's strategic initiatives.
- De Cock's Background: Joining Mohawk in 2005 through the acquisition of Unilin, De Cock has held senior roles across laminate, wood, LVT, and carpet sectors, bringing extensive industry experience that will aid in driving the company's future growth.
- Stock Price Reaction: Mohawk's shares closed up 7.47% at $109.35 on Thursday, with an additional 1.61% increase to $111.11 in after-hours trading, reflecting positive market expectations regarding the new leadership.
See More
Mohawk Industries Appoints New CEO
- Executive Transition: Mohawk Industries has appointed Paul F. De Cock as CEO, succeeding the retiring Jeffrey S. Lorberbaum, with De Cock set to officially take over on September 30, 2026, marking a significant leadership change for the company.
- Succession Planning: De Cock has served as President and COO since February 2025, and this appointment is part of the company's succession plan aimed at ensuring a smooth transition and continued growth in leadership.
- Board Structure: Although Lorberbaum will retire, he will remain as Chairman of the Board, ensuring strategic direction and stability during the transition, reflecting the company's commitment to leadership continuity.
- Market Outlook: Mohawk forecasts adjusted EPS of $2.50 to $2.60 for Q2 2026, and despite weakening market conditions, the company plans to implement mid- to high single-digit price increases to maintain profitability.
See More
Mohawk Industries Appoints New CEO
- Executive Transition: Mohawk Industries has appointed Paul F. De Cock as CEO and board member effective September 30, 2026, succeeding retiring Jeffrey S. Lorberbaum, who will remain as chairman, ensuring continuity in governance and stability for the company.
- Succession Plan Implementation: De Cock has served as president and COO since February 2025 as part of the company's succession strategy, and this appointment signifies a strategic continuation in leadership aimed at sustaining business growth and market competitiveness.
- Leadership Stability: The transition from Lorberbaum to De Cock reflects Mohawk Industries' commitment to executive stability, which is expected to aid in maintaining consistency in strategic execution and further solidify the company's leadership position in the flooring industry.
- Future Outlook: Under De Cock's leadership, Mohawk Industries is likely to continue advancing innovation and market expansion strategies to address industry changes and customer demands, thereby enhancing the company's long-term competitive advantage.
See More
Paul De Cock Appointed CEO of Mohawk Industries
- Leadership Transition: Paul De Cock will succeed Jeffrey Lorberbaum as CEO of Mohawk Industries effective September 30, 2026, ensuring a smooth leadership transition as Lorberbaum continues as Chairman after a 25-year tenure.
- Extensive Industry Experience: De Cock has over two decades of operational and commercial leadership experience since joining the company in 2005, having held various senior roles that strengthened Mohawk's international operations and product portfolio.
- Strategic Development Focus: De Cock aims to accelerate growth and innovation while staying true to the company's core values, indicating a commitment to exploring new pathways to navigate future market challenges.
- Company Scale and Impact: Mohawk Industries has become the world's largest flooring manufacturer, leveraging its vertically integrated manufacturing and distribution capabilities to maintain a leading position across North America, Europe, and South America.
See More
Mohawk Industries Q1 2026 Earnings Call Insights
- Performance Meets Expectations: Mohawk Industries reported net sales of approximately $2.7 billion and adjusted EPS of $1.90 for Q1 2026, indicating resilience in a challenging environment despite economic uncertainties affecting consumer behavior.
- Commercial vs. Residential Dynamics: CEO Jeff Lorberbaum highlighted that the commercial sector continues to outperform residential markets, with new home construction remaining soft as consumers defer purchases and remodeling projects due to economic uncertainty, potentially impacting future sales growth.
- Cost and Profit Pressure: CFO Nicholas Manthey reported a gross margin of 23.5%, adjusted to 24.8%, but faced $38 million in nonrecurring charges primarily related to restructuring actions initiated last year, indicating challenges in cost control amidst inflationary pressures.
- Cautious Future Outlook: The company provided Q2 2026 adjusted EPS guidance of $2.50 to $2.60, below analysts' estimate of $2.73, with management emphasizing that the full impact of pricing actions and rising costs will not be felt until Q3, increasing the uncertainty surrounding market conditions.
See More
Mohawk (MHK) Q1 2026 Earnings Call Transcript
See More
