PLEASANTON, Calif., Sept. 8, 2022 /PRNewswire/ -- Simpson Manufacturing Co., Inc. (the "Company" or "Simpson") ( NYSE: SSD), an industry leader in engineered structural connectors and building solutions, today announced that Karen Colonias will step down from her position as Chief Executive Officer as part of Simpson's succession plan, effective December 31, 2022. Simpson's Board of Directors unanimously elected Michael Olosky, 54, current President and Chief Operating Officer, to succeed Karen Colonias as Chief Executive Officer, effective January 1, 2023, as part of a planned leadership succession. In connection with his promotion, Mr. Olosky will also join the Company's board of directors on January 1, 2023. Ms. Colonias will continue in her role as CEO through the end of 2022, after which, as part of the succession plan, she will remain employed as an Executive Advisor to assist with the transition until her retirement on June 30, 2023. Ms. Colonias will continue to serve as a member of Simpson's board of directors until the Company's 2023 annual meeting of stockholders.