Armstrong World Industries CFO announces retirement 


Armstrong World Industries CFO Brian MacNeal plans to retire from his position next year, initiating a search for the Lancaster-based manufacturer’s next financial leader. 

MacNeal joined Armstrong in 2014 as vice president of global finance and building products and was named the company’s CFO in 2016 following its spinoff from Armstrong Flooring. 

Armstrong World announced this week that MacNeal will be retiring from the company on May 1, 2022. 

Armstrong World manufactures commercial and residential ceiling, wall and suspension system solutions. 

“On behalf of the Board of Directors and our executive leadership team, I would like to thank Brian for his years of service and countless contributions to building the company we are today,” said Vic Grizzle, president and CEO of Armstrong World. “We truly appreciate his dedicated leadership and partnership in executing our vision as a focused and innovative ceilings and wall solutions company.” 

The company employs 2,800 people across a manufacturing network of 21 facilities including six through a joint venture with Columbus, Ohio-based Worthington Industries. 

MacNeal’s financial acumen and strategic insights were crucial for Armstrong World as it delivered shareholder value and positioned itself for sustainable growth, said Grizzle. 

“I have been humbled by the dedication of our employees and their willingness to engage in the hard work necessary to consistently adapt and evolve as an industry leader, while maintaining a strong culture based on integrity, collaboration and excellence,” said MacNeal. 

Armstrong World has initiated a comprehensive search for MacNeal’s replacement with the assistance of an unnamed executive search firm. It plans to look both internally and externally for potential CFO candidates. 

Gooding Group names McNamara as new CFO

Steve McNamara

Stephen McNamara has been named chief financial officer of GSM Roofing and GSM Industrial. The two family-owned Ephrata companies make up The Gooding Group.

The Lancaster resident and Villanova University graduate most recently worked at Armstrong World Industries as the vice president and corporate controller.

Reed Gooding, president of GSM Roofing, described McNamara in a release as “a well-respected member of the community and a top financial talent.”

“We’re thankful that Steve chose The Gooding Group for the next phase of his career,” he said.

GSM Roofing specializes in the installation and maintenance of commercial and specialty roofing. GSM Industrial is a contractor for millwright services and custom metal fabrication and also specializes in industrial equipment installation and repair, machining and contract manufacturing services.

“I am excited to join the Gooding Group as CFO,” McNamara said in the release. “GSM Roofing and GSM Industrial have strong business models, proud histories, excellent reputations and bright futures. I look forward to partnering with the team to execute the company’s priorities. I am fortunate to succeed Rick Watson, who provided the Gooding Group with strong financial stewardship during his 15-year tenure.”

Lancaster General Health to welcome new CFO

Charmaine Spence Rochester – PHOTO PROVIDED

The former CFO of Penn Medicine’s Chester County Hospital will be taking the role of CFO of the Philadelphia system’s Lancaster General Health hospital at the end of the month.

Charmaine Spence Rochester has led Penn Medicine’s Chester County hospital for the last three years as its CFO and senior vice president of finance and will now take on the role of CFO in Lancaster, Penn Medicine announced on Thursday.

Spence Rochester replaces F. Joseph Byorick, who held the role since 2016. Byorick announced he would retire earlier this year.

During her time in Chester County, Spence Rochester was a key partner in strategic plan development, budgeting, forecasting and operational efficiency for the hospital, according to a statement from Penn Medicine.

Spence Rochester is expected to take the new position on Nov. 30. She brings more than 28 years of financial experience to the position, including more than 16 years in health care financial leadership. She holds an undergraduate degree in accounting from Howard University, a master’s degree in business administration from Florida Atlantic University and a Doctor of Health Administration degree from Central Michigan University.

Smith Land appoints new COO/CFO

Dallas Zulli, former Vice President and senior commercial relationship manager for F&M Trust, was named COO and CFO of Smith Land & Improvement Corp. (Photo provided)

Real estate development firm Smith Land & Improvement Corp.’s newest executive is bringing 16 years of experience in commercial banking and real estate finance to the Camp Hill-based company.

Dallas Zulli, former vice president and senior commercial relationship manager for F&M Trust, has taken the role of both COO and CFO for Smith Land, the firm announced Friday.

“His experience on the banking side of commercial real estate finance gives him unique insights into the types and structures of deals that will future-proof our development firm,” said Richard Jordan III, president and CEO of Smith Land.

Smith Land has a portfolio of about 50 properties, 80% of which are located in the midstate.

The firm’s most recent redevelopment project, the Camp Hill-based Neighbors & Smith, houses a number of local businesses including Little Black Dress, One Good Woman and Underneath it All and officially opened in June of last year.

“I was raised in this area and have seen the positive impact, resilience, and expansion of the Smith Land properties, including the landmark West Shore Plaza. It’s important to have historical context for development which will help me as I manage our current projects, evaluate future projects, introduce new tenant relationships, and prepare our properties for changing demands in the commercial real estate market,” Zulli said.

Zulli holds a Bachelor of Science and a Master’s in Business Administration from Stetson University in DeLand, Florida. He is also the treasurer and board member for the East Pennsboro Ambulance Service and a trustee for the Cumberland County Bar Foundation.

Orrstown hires new CFO

Tom Brugger is expected to start July 15 as CFO of Orrstown Financial Services Inc. PHOTO/SUBMITTED –

Orrstown Financial Services Inc. has hired a new CFO to replace an executive who resigned in March.

Thomas R. Brugger will assume the company’s lead finance role as of July 15. He will take over for David Boyle, who left for personal reasons, according to a March filing with the U.S. Securities and Exchange Commission.

A graduate of Penn State, Brugger worked most recently as CFO of Sun National Bank in New Jersey. Before that, he was CFO at Wyomissing-based Customers Bank and an executive at the former Sovereign Bank. At Orrstown, he will be CFO and executive vice president, responsible for financial plans, policies and financial compliance.

“We are pleased to welcome Tom to the organization,” Thomas R. Quinn Jr., Orrstown’s president and CEO, said in a statement. “His broad banking and financial experience at diverse and complex organizations will be invaluable as we continue to execute our strategic growth plans.”

Based in Shippensburg, Orrstown Financial is the parent of Orrstown Bank and Wheatland Financial Advisors Inc. It recently completed a merger with Maryland-based Hamilton Bank, bringing its assets to $2.5 billion. The company operates about 40 offices in southcentral Pennsylvania and Maryland.