WINCHESTER, Va.--(BUSINESS WIRE)--Feb 24, 2026--
Trex Company, Inc. (NYSE:TREX), the world’s largest manufacturer of high-performance, low-maintenance composite decking and railing products, today announced that Bryan H. Fairbanks, Trex’s President and Chief Executive Officer, will retire from Trex after nearly 23 years with the Company, effective April 28, 2026. The Board of Directors has appointed Adam D. Zambanini, Trex’s current Executive Vice President and Chief Operating Officer, as Trex’s next President and Chief Executive Officer and as a member of the Board, effective April 28, 2026. Following the transition period, Mr. Fairbanks will serve as an outside consultant to the Company.
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Mr. Zambanini brings more than 20 years of leadership experience at Trex, most recently serving as Executive Vice President and Chief Operating Officer. Over the course of his tenure, he has held multiple leadership positions, including President of Residential Products and Vice President of Marketing, and has been instrumental in driving Trex’s market growth, product development and operational execution.
James Cline, Chairman of the Board of Directors, said “Bryan has made an immeasurable mark on the organization and embodies Trex’s core qualities – vision, innovation and discipline. In determining a successor, the Board undertook a comprehensive evaluation process, including assessing both internal and external candidates, and Adam was the clear and most capable successor to Bryan. He is a strong leader and brand-builder and his knowledge of Trex’s business, product roadmap, markets and people is unmatched. Adam has been a true partner to Bryan in developing our strategic initiatives and product innovation, which will be an important advantage as he steps into his new role.”
Mr. Zambanini, said, “It is an honor to succeed Bryan, someone who has made an impact on me and so many across Trex. As I assume the role as the Company’s next CEO, I am energized by the opportunity to partner with our dynamic leaders and continue to drive growth and shareholder value. Trex is the undisputed leader in wood-alternative decking and railing and I am confident that Trex will continue to win in our markets and categories, while building on our strong financial profile.”
“After a nearly 23-year career at Trex, including the past six years as CEO, now is the right time to transition leadership to Adam as part of our succession plan,” said Mr. Fairbanks. “I have had the opportunity to work with the best talent in our industry and lead our iconic Trex brand that has shaped the decking industry and delivered above market returns for our investors. Having worked closely with Adam for two decades, I have been impressed with his leadership capabilities and his drive for performance. I take pride in what we have built and move on with confidence in Trex’s future.”
Mr. Cline concluded, “Six years ago, Bryan was announced as CEO and during his tenure he has grown Trex, shown resilience within a challenging industry environment, strategically invested to enhance the Company’s future position and built a world-class team of innovators and operators that have consistently delivered for our channel partners and consumers. On behalf of the Board and the Trex team, we owe Bryan our deepest appreciation and thank him for his continued support to ensure this is a seamless transition for all stakeholders.”
Fourth Quarter and Full Year 2025 Earnings Results
In a separate press release issued today, Trex announced its fourth quarter and full year 2025 financial results. The Company will hold a conference call today, Tuesday, February 24, 2026, at 4:30 p.m. ET.
About Adam Zambanini
Mr. Zambanini has served as our Executive Vice President and Chief Operating Officer since October 25, 2023. He previously served as President of Trex Residential Products between July 2018 and October 2023. Mr. Zambanini served as Vice President, Marketing between January 2011 and July 2018, and he served in a number of other roles at the Company between September 2005 and December 2010. Prior to joining Trex, Mr. Zambanini held marketing and market development roles at Rubbermaid Commercial Products, where he most recently served as Product Manager, and began his professional career as a project engineer at Flambeau Inc. Mr. Zambanini received a Bachelor of Science degree in mechanical engineering from Penn State University and a Master of Business Administration degree from Averett University.
About Trex Company, Inc.
For more than 30 years, Trex Company [NYSE: TREX] has invented, reinvented, and defined the composite decking category. Today, the company is the world’s #1 brand of sustainably made, wood-alternative decking and railing, and a leader in high-performance, low-maintenance outdoor living products. Boasting the industry’s strongest distribution network, Trex sells products through more than 6,700 retail outlets across six continents. Through strategic licensing agreements, the company offers a comprehensive outdoor living portfolio that includes deck drainage, flashing tapes, deck lighting, outdoor kitchen components, fencing, pergolas, spiral stairs, lattice, cornhole and outdoor furniture – all marketed under the Trex® brand. Based in Winchester, Va., Trex is proud to have been named America’s Most Trusted® Outdoor Decking ^ for the past 6 years (2021-2026). The company also holds a place on Barron’s list of the 100 Most Sustainable U.S. Companies (2024 and 2025), was named one of America’s Most Responsible Companies by Newsweek, ranked as one of the 100 Best ESG Companies by Investor’s Business Daily, and named the Sustainable Brand Leader in the decking category by Green Builder Media for the 15th consecutive year. For more information, visit Trex.com. You may also follow Trex on Facebook (trexcompany), Instagram (trexcompany), X (Trex_Company), LinkedIn (trex-company), TikTok (trexcompany), Pinterest (trexcompany) and Houzz (trex-company-inc), or view product and demonstration videos on the brand’s YouTube channel (TheTrexCo).
^2021-2026 DISCLAIMER: Trex received the highest numerical score in the proprietary Lifestory Research 2021-2026 America’s Most Trusted® Outdoor Decking studies. Study results are based on the experiences and perceptions of people surveyed. Your experiences may vary. Visit www.lifestoryresearch.com.
Forward-Looking Statements
Statements contained in this press release that state the Company’s or its management’s expectations or predictions of the future are forward-looking statements intended to be covered by the safe harbor provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. The forward-looking statements in this press release include expectations with respect to executive transition dates, among other items. It is important to note that actual results could differ materially from those projected in such forward-looking statements based on numerous factors, including those outside of the Company’s control. For more information concerning factors that could cause actual results to differ from those expressed or forecasted, see the Company’s annual report on Form 10-K, quarterly reports on Form 10-Q, and other reports filed with the Securities and Exchange Commission.
Adam D. Zambanini Appointed President and Chief Executive Officer.
Bryan H. Fairbanks to Retire After Nearly 23 Years with Trex.
KYIV, Ukraine (AP) — Ukrainian President Volodymyr Zelenskyy declared Tuesday that Russia has not “broken Ukrainians” nor triumphed in its war, four years after an invasion that has severely tested the resolve of Kyiv and its allies and fueled European fears about the scale of Moscow’s ambitions.
In a show of support, more than a dozen senior European officials headed to the Ukrainian capital to mark the grim anniversary of the conflict, which has killed tens of thousands of people, upended life for millions of Ukrainians, and created instability far beyond its borders.
Zelenskyy said his country has withstood the onslaught by Russia’s bigger and better equipped army, which over the past year of fighting captured just 0.79% of Ukraine’s territory, according to the Institute for the Study of War, a Washington-based think tank. Russia now holds nearly 20% of Ukraine.
“Looking back at the beginning of the invasion and reflecting on today, we have every right to say: We have defended our independence, we have not lost our statehood,” Zelenskyy said on social media, adding that Russian President Vladimir Putin has “not achieved his goals.”
“He has not broken Ukrainians; he has not won this war,” Zelenskyy said.
Despite the show of defiance, Ukraine has struggled to hold off Russia's onslaught, and the war has brought widespread hardship for Ukrainian civilians. Russia’s aerial attacks have devastated families and denied civilians power and running water.
Putin made no mention of the anniversary nor did he say how the war was going when he spoke at a meeting in Moscow of top officials of the Federal Security Service, or FSB, on Tuesday.
However, he told them that the threat of Ukrainian attacks on Russian soil has grown. Ukraine has increasingly deployed long-range drones that it has developed to strike oil refineries, fuel depots and military logistics hubs more than 1,000 kilometers (600 miles) inside Russia.
As the war of attrition enters its fifth year, a U.S.-led diplomatic push to end the largest conflict on the continent since World War II appears no closer to a peace deal.
Negotiations are stuck on what happens to the Donbas, eastern Ukraine’s industrial heartland that Russian forces mostly occupy but have failed to seize completely, and the terms of a postwar security arrangement that Kyiv is demanding to deter any future Russian invasion.
The U.N. General Assembly called Tuesday for an immediate ceasefire and a comprehensive peace in Ukraine, rejecting a U.S. attempt to eliminate language stressing the country’s sovereignty and territorial integrity.
Washington supports an immediate ceasefire, U.S. Deputy Ambassador Tammy Bruce said before the vote, but opposed language stressing Ukraine’s territorial unity because it would “distract” from the peace talks.
The 193-member General Assembly approved the original wording 107-12, with the United States among the 51 countries abstaining.
At a makeshift memorial in Kyiv’s central square, where thousands of small flags and portraits show photos of fallen soldiers, Zelenskyy said he would like U.S. President Donald Trump to visit and witness for himself Ukrainian suffering.
“Only then can one truly understand what this war is really about,” Zelenskyy said. When later asked how four years of war had changed him, Zelenskyy said, “I don't have time for friends or friendships.”
Trump, who once vowed to end the war in a day, has repeatedly changed his tone toward Putin and Zelenskyy over the past year: sometimes criticizing the Ukrainian leader's negotiating position while reaching out to the Russian leader and at others lashing out at Putin for heavy barrages and appearing more sympathetic to the Ukrainian predicament.
Kremlin spokesperson Dmitry Peskov said that the invasion would continue in pursuit of Moscow's goals. They include a demand that Ukraine renounce its bid to join NATO, sharply cut its army, and cede vast swaths of territory.
Zelenskyy said he expected a fresh round of U.S.-brokered talks with Russia within the next 10 days.
The number of soldiers killed, injured or missing on both sides could reach 2 million by spring, with Russia sustaining the largest number of troop deaths for any major power in any conflict since World War II, a report last month from the Center for Strategic and International Studies estimated.
European leaders see their countries’ own security at stake in Ukraine amid concerns that Putin may target them next.
German Chancellor Friedrich Merz wrote on X that “for four years, every day and every night has been a nightmare for the Ukrainians — and not just for them, but for us all. Because war is back in Europe.”
“We will only end it by being strong together, because the fate of Ukraine is our fate,” he added.
Putin believes that time is on the side of his bigger army, Western officials and analysts say — and that Western support will trail off and that Ukraine’s military resistance will eventually crumble. Already Trump has ended new military aid to Ukraine — though other NATO countries now buy American weapons and give them to Kyiv.
But French President Emmanuel Macron described the war as “a triple failure for Russia: military, economic, and strategic.” The war “has strengthened NATO — the very expansion Russia sought to prevent — galvanized Europeans it hoped to weaken, and laid bare the fragility of an imperialism from another age,” Macron said on X.
The European Union has also sent financial aid, but has sometimes met with reluctance from members Hungary and Slovakia.
While NATO countries have come to Ukraine’s aid, Russia has been helped by North Korea, which has sent thousands of troops and artillery shells; Iran, which has provided drone technology; and China, which the United States and analysts say has provided machine tools and chips.
Among the European officials visiting Kyiv on Tuesday were President of the European Commission Ursula von der Leyen and Finnish President Alexander Stubb, as well as seven prime ministers and four foreign ministers.
Zelenskyy later said von der Leyen assured him that Ukraine would receive the first tranche of a 90 billion euro loan by the spring despite Hungary's attempts to block it.
The only American listed among the official guests in Kyiv ceremonies was Lt. Gen. Curtis Buzzard, a U.S. officer who represents NATO in Ukraine.
British Armed Forces Minister Al Carns said Russia's war on Ukraine was “the most defining conflict” in decades, bringing a “revolution in military affairs,” especially through the rapid development of drone technology. Drones now cause the vast majority of battlefield casualties, he said.
Both sides face challenges in finding enough troops and are increasingly turning to uncrewed aerial drones that can attack far from the front lines, the London-based International Institute for Strategic Studies said in its annual report on the global military situation.
“Given both sides’ reliance on external support for materiel, decisions taken in foreign capitals will play an important role in shaping the war’s trajectory,” the think tank added.
The United Kingdom on Tuesday announced a new package of military and humanitarian support for Ukraine, including sending teams of British military medics to instruct their Ukrainian counterparts.
The cost of rebuilding war-battered Ukraine would amount to almost $588 billion over the next decade, according to World Bank, the European Commission, the United Nations and the Ukrainian government. That is nearly three times the estimated nominal GDP of Ukraine for last year, they said in a report Monday.
Associated Press reporters across Europe and at the United Nations contributed to this story.
Follow AP’s coverage of the war in Ukraine at https://apnews.com/hub/russia-ukraine
Relatives of those killed during the Russian occupation stand near the Wall of Remembrance during a ceremony to mark the fourth anniversary of the Russian invasion of Ukraine, in Bucha, Ukraine, Tuesday, Feb. 24, 2026. (AP Photo/Sergei Grits)
A woman sits in front of a grave of her relative during memorial service for fallen Ukrainian soldiers during a ceremony to mark the fourth anniversary of the Russian invasion of Ukraine, in Bucha, Ukraine, Tuesday, Feb. 24, 2026. (AP Photo/Sergei Grits)
European Commissioner for Tech Sovereignty, Security and Democracy Henna Maria Virkkunen, left, and European Commissioner for Prosperity and Industrial Strategy Stephane Sejourne, center, stand after an address by Ukraine's President Volodymyr Zelenskyy via video link, during an extraordinary plenary session held for the fourth anniversary of Russia's invasion of Ukraine, at the European Parliament in Brussels, Tuesday, Feb. 24, 2026. (AP Photo/Marius Burgelman)
A woman place flowers at the memorial to the fallen Ukrainian soldiers on Independence Square to mark the fourth anniversary of Russia's full-scale invasion in Kyiv, Ukraine, Tuesday, Feb. 24, 2026. (AP Photo/Efrem Lukatsky)
In this photo provided by the Ukrainian Presidential Press Office, Denmark's Prime Minister Mette Frederiksen, left, European Council President Antonio Costa, center, and European Commission President Ursula von der Leyen pass by St. Sophia Cathedral in Kyiv, Ukraine, Tuesday, Feb. 24, 2026. (Ukrainian Presidential Press Office via AP)
A woman place flowers at the memorial to the fallen Ukrainian soldiers on Independence Square to mark the fourth anniversary of Russia's full-scale invasion in Kyiv, Ukraine, Tuesday, Feb. 24, 2026. (AP Photo/Efrem Lukatsky)
Denmark's Prime Minister Mette Frederiksen, centre, is welcomed by Ukraine's Foreign Minister Andrii Sybiha, centre right, as she arrives in Kyiv, Ukraine, Tuesday, Feb. 24, 2026. (Mads Claus Rasmussen/Ritzau Scanpix via AP)
From left: Denmark's Prime Minister Mette Frederiksen, Sweden's Prime Minister Ulf Kristersson and Norway's Prime Minister Jonas Gahr Stoere talk in the train during their journey from Poland's Medyka to Kyiv, Ukraine, Tuesday, Feb. 24, 2026. (Mads Claus Rasmussen/Ritzau Scanpix via AP)
Denmark's Prime Minister Mette Frederiksen, centre, is welcomed by Ukraine's President Volodymyr Zelenskyy and his wife Olena Zelenska, left, before a service at St. Sophia Cathedral in Kyiv, Ukraine, on Tuesday, Feb. 24, 2026. (Mads Claus Rasmussen/Ritzau Scanpix via AP)
