Armstrong World Industries (AWI) has completed its previously announced separation of Armstrong Flooring (AFI) as an independent public company.

Under the terms of the spin-off, AWI shareholders retained their AWI shares and received one AFI share for every two AWI shares held.

As a result of the separation, AWI is now made up of the Armstrong Building Products unit. In 2015, Armstrong Building Products generated approximately $1.3 billion of revenue, according to the company. AWI will continue to strengthen its leadership position in key domestic and international end markets by leveraging recently completed investments in expanded sales and manufacturing capabilities. With 3,700 team members worldwide, AWI will operate 22 manufacturing facilities in eight countries including the Worthington Armstrong Venture.

Armstrong has also announced an executive team for its newly spun-off flooring business.

As was previously announced, Donald Maier will serve as president and CEO. Maier came to Armstrong six years ago as part of the TPG private equity investment team. Prior to that, he worked for Hill-Rom.

John “Jay” Thompson will serve as senior vice president and CFO. Thompson has been with Armstrong for one year and prior to that worked with Chobani, Pepsico, TPG, Bain & Co. and Goldman Sachs.

David Schulz will serve as senior vice president and COO. Shultz has been with Armstrong four years and prior to that was CFO of P&G's Snack Division. He is also a retired officer of the U.S. Marine Corps.

Dominic Rice continues to serve as senior vice president focused on Armstrong's North America commercial flooring business. Rice has been with Armstrong for 34 years.

Joseph Bondi serves as senior vice president for Armstrong's North America residential flooring business. He has been with Armstrong for two years and prior to that worked for Certainteed and Lutron.

For more information, visit armstrong.com.