Albert H. NahmadChairman
Albert H. Nahmad has been the visionary founder and leader of Watsco for more than 40 years, having served as our Chairman and Chief Executive Officer since 1972. Among his many contributions, Mr. Nahmad has been instrumental in the scaling of our business through acquisitions, the cultivation of strategic vendor relationships, and the development of Watsco’s entrepreneurial culture. In 1988 Mr. Nahmad made the decision to pivot the Company’s strategic focus from manufacturing to distribution of HVAC/R products. Since that time through the record date, April 9, 2021, Watsco’s market capitalization has grown from $22 million to $10.6 billion, and its compounded annual growth rate of total shareholder return has been 19%. With revenues of $5.1 billion in 2020, Watsco has solidified its place as the industry leader and has approximately 5,800 employees serving approximately 100,000 active contractor customers through a branch network of 600 locations. He serves as chair of the Strategy Committee.