After 25 years of serving Safelite Group, Doug Herron, executive vice president and chief financial officer, has announced his plans to retire at the end of 2017. Tim Spencer, who joined Safelite Group last year, has been named the company’s new CFO.
As Spencer steps into his role, Herron will also transition into his final year with Safelite.
Herron has had a long and successful career at Safelite after joining the company in 1992. During his career, he has provided leadership for numerous functions within the company, including finance, information technology, real estate, fleet, risk management, security, supply chain, and commercial sales. He has shepherded the business through significant changes, including surges of growth, recapitalizations, many mergers, acquisitions, and sale of the company to Belron in 2007.
“In the 25-plus years I’ve known and worked with Doug, I’ve trusted his integrity, relied on his leadership and valued his absolute commitment to Safelite,” said Safelite group president and CEO Tom Feeney. “These characteristics have made him one of the most respected senior leaders in our company. We thank him for his unwavering service. And while following in the footsteps of such an inspiring leader is no small task, we’re very pleased to welcome Tim as Doug’s successor to the chief financial officer role. We know he is a great fit for the future direction of our company,” he added.