Albert H. NahmadChairman
Albert H. Nahmad has been the visionary founder and leader of Watsco for 50 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, Watsco’s market capitalization has grown from $22 million to $12.1 billion, and its compounded annual growth rate of total shareholder return has been 19%. With revenues of $6.3 billion in 2021, Watsco has solidified its place as the industry leader and now has approximately 6,900 employees serving approximately 120,000 active contractor customers through a branch network of 671 locations.