Mohawk Leadership Changes
Mohawk Industries Officially Announces Leadership Change with New CEO Succession Plan
Mohawk Industries (NYSE: MHK) will have a new CEO by the end of September. The world's largest flooring company announced that Jeffrey S. Lorberbaum will retire as CEO effective September 30, 2026, after 25 years leading the company Cochrane Times Post. Paul F. De Cock, the current President and Chief Operating Officer, will take the top job.
Lorberbaum said it has been "an honor and a privilege to lead Mohawk for the past 25 years" and added, "I know that I will leave the Company in good hands under Paul's leadership." He will not disappear entirely — he stays on as Chairman of the Board MarketScreener.
Paul De Cock's Long Road to the Top Job
De Cock is not an outsider. He joined Mohawk in 2005 when the company bought Unilin, a Belgian flooring maker The Province. He then spent six years running Mohawk's Flooring North America segment before being named President and COO in November 2024, replacing retiring executive Chris Wellborn.
De Cock said he is "excited about the future of Mohawk" and pointed to "an unprecedented array of new products" coming to market. Because he is an internal hire who has worked alongside Lorberbaum for over 20 years, analysts expect few sharp turns in company strategy Fort McMurray Today.
A Carefully Staged Multi-Year Succession Plan
Today's announcement is the third major leadership change in roughly 18 months. In November 2024, Mohawk flagged Wellborn's retirement and elevated De Cock. Then, in November 2025, the company said CFO James F. Brunk would retire. Nicholas P. Manthey stepped in as CFO on April 1, 2026 Pincher Creek Echo.
That means both the CEO and CFO seats will have turned over by October 2026. The company framed the moves as a planned, smooth transition designed to keep operations stable across its roughly 41,900 employees in 140 countries Ontario Farmer.
Tough Market Awaits Mohawk's New Leadership Team
De Cock inherits a company under real financial pressure. Mohawk posted $10.8 billion in revenue for 2025 — flat compared to 2024 — and net earnings of $370 million. High interest rates and slow home sales have kept demand weak Financial Post.
The company has a $100 million restructuring plan in motion to cut costs and boost efficiency. Lorberbaum also sold 5,000 shares in late May 2026, worth roughly $527,650, ahead of his retirement. Mohawk's market cap sits at approximately $6.33 billion, well below its peak, signaling investors want results fast Trentonian.
Lorberbaum's 25-Year Legacy at a Global Flooring Giant
Lorberbaum became CEO in 2001 and Chairman in 2004. Under his watch, Mohawk grew from a North American carpet company into a global giant through bold acquisitions. Key deals included Dal-Tile in 2002, Unilin in 2005, and Italian ceramic leader Marazzi in 2013 Seaforth Huron Expositor.
His family controls roughly 14.3% of Mohawk's shares. That insider grip has drawn some scrutiny from institutional investors like Vanguard (11.8% stake) and BlackRock (8.5% stake), who want to see the board stay independent as the housing market recovery drags on UK MarketScreener.
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