The 2020 Mid-Year Economic Update_long

Acuity Brands Appoints New Leadership

President, SVP and CFO roles changing.

Acuity Brands, Inc. announced that Richard K. Reece was appointed president of the Company effective Sept. 1.  Formerly executive vice president and chief financial officer, Reece assumes responsibility for the commercial operations of the company, including all product creation activities.

Additionally, Karen J. Holcom was promoted to senior vice president and chief financial officer of the company.  In her 21-year tenue, Holcom and has held various positions, including controller and interim CFO. She most recently served as senior vice president leading the areas of finance and associate engagement. Holcom is a Certified Public Accountant with a bachelor’s degree in accounting from Clemson University and a master’s degree from Georgia State University.

Effective Aug. 31, Laurent J. Vernerey stepped down as executive vice president of Acuity Brands, Inc. and president of Acuity Technology Group. He will now serve in the newly created position of strategic business development executive. The role will entail fewer responsibilities and a reduced time commitment, which he requested in order to devote more time to his family.

“I am excited to announce the promotions of Ricky and Karen who continue to leverage their leadership capabilities, enthusiasm, dedication and desire to improve our great company. Additionally, I am pleased that we will continue to benefit from Laurent’s extensive experience and global business acumen in his new role as strategic business development executive,” says Vernon J. Nagel, Acuity Brands’ chairman and CEO. “I believe that these management changes will allow Karen, Ricky and Laurent to continue to play key roles in the future success of the company.”

Acuity Brands, Inc. provides worldwide lighting and building management solutions. With fiscal year 2018 net sales of $3.7 billion, the company employs approximately 12,000 associates and is headquartered in Atlanta, with operations throughout North America, and in Europe and Asia.

Related Posts

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.