Mr. Michael Druyanoff
President & Chief Executive Officer, Global HVAC Distributors
Member of the Industrial Council
Council Member Biography
Michael Druyanoff is the President and Chief Executive Officer of Global HVAC Distributors, a firm distributing cooling, heating, and ventilation (HVAC) equipment, parts, and products for residential and commercial use. Prior, he was the Vice President (Investment Banker and Lawyer) at Bear Stearns, New York. At Bear Stearns, Mr. Druyanoff had experience in handling initial public offerings (IPOs), leveraged buyouts (LBO), private placements, high yield offerings, and mergers and acquisitions. He holds an MBA from University of California, Los Angeles. (This is me - Update Profile)
Employment History
- 2000 - Unspecified
- President & Chief Executive Officer, Global HVAC Distributors
- 1997 - 2000
- Vice President, Bear Stearns & Co
GLG NewsSM Analyses by Michael Druyanoff
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Carrier (UTX) loses one of it's largest distributors to York (JCI)
July 2, 2007
Johnson Controls Announces Distribution Agreement With US Airconditioning Distributors | biz.yahoo.com
US Air Conditioning Distributors ("US Air"), one of Carrier’s (a division of UTX) largest distributors, has dropped Carrier and starting the end of September 2007 will be selling York branded products in Southern California, Arizona, Utah, Idaho and certain parts of Nevada. US Air represents approximately $500 million in revenue and 48 branches in the market place. Currently, out of this shake up in the market place a few other events have occurred: 1)Ferguson has lost the York line in So. California (and possibly No. California shortly) and Arizona. Currently they do not have a replacement line. 2)Carrier decided to do a hard start in So. California and open Company owned distribution for Residential and Commercial hvac products. They will need to hire hundreds of people and open numerous locations in a short period. 3)Carrier acquired E.B. Ward, the No. California Carrier commercial and residential distributor and it will now operate it as Company owned distribution.
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HVAC new construction business outlook
May 29, 2007
April Housing Starts Edge Up but Permits Drop Sharply - The News | www.achrnews.com
As the statistics show, even though we have seen a slight rebound in new construction, we are still in a decline and have not hit bottom yet. This effects all aspects of the business including equipment, supplies and commodities. Currently the new construction segment of the hvac industry represents 25%-30% of the business. The effects on the business are further mitigated by the lower margins this segment brings. Another factor mitigating this downturn is the 13 Seer transition.
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Depletion of 10 SEER HVAC Inventory
November 27, 2006
Majority of 10 SEER Inventory Installed | www.achrnews.com
According to the article, 77 percent of the stockpiled 10 SEER units are currently being used and 97 percent of the 10 SEER inventory will be exhausted by the end of 2006.
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