Barry Friedman named CEO of Friedman’s
Friedman’s Home Improvement promoted Barry Friedman, 34, to the position of CEO and president.
Friedman, who has climbed the company’s ranks for 10 years most recently as VP operations, will take over as CEO, effective immediately. He represents the third-generation of Friedmans to run the family business.
“It has been an honor and privilege to serve as CEO of Friedman’s Home Improvement,” said chairman Bill Friedman. “Our company is strongly positioned operationally and financially. With the talented and passionate team we have in place today, this is an ideal time to complete our planned succession. Having worked side-by-side with Barry over the past 10 years, I know that we are aligned on Friedman’s business strategies and priorities, and the board and I have great confidence in his ability to lead our team forward.”
“First off, I want to thank my dad, our board of directors and the entire team of Friedman’s employees for building a tremendously successful company with unmatched customer service, depth of talent and community involvement,” said CEO Barry Friedman. “It’s a privilege to be appointed CEO, a position I’ve been preparing myself to grow into for many years. I am incredibly excited by what the future holds for Friedman’s. With the Petaluma store opening in early 2014, Friedman’s will continue to surge ahead by building on our existing strengths, growing our team and providing exceptional service to our loyal customers throughout Sonoma and Mendocino Counties.”
Bill Friedman will remain chairman of the board and will continue to focus on the long-term strategic vision of Friedman’s Home Improvement and oversee the board of directors, while staying active in the local community.
Bad language in the boardroom
Three Scotts Miracle-Gro board members resigned following the delivery of a unanimously supported reprimand of CEO Jim Hagedorn that stemmed from the use of inappropriate language.
Hagedorn apologized in a statement.
"While I have a tendency to use colorful language, I recognize my comments in this case were inappropriate and I apologize," Hagedorn said. "I, along with the rest of our board members, consider the matter resolved and I have made a personal commitment to prevent a future recurrence."
The three recent resignations came from Carl F. Kohrt, PhD, who recently accepted the position as president of his alma mater, Furman University in South Carolina; as well as John S. Shiely and William G. Jurgensen. The company says it will not fill the current vacancies.
The board will likely be reduced in size to eight to 10 members over time as part of the normal nominating and election process.
Scotts added that all three former board members confirmed that their departures were not related to any disagreement relating to the company’s operations, policies, practices or financial reporting.
"Each of these board members served us well for many years, and I want to thank them for their counsel and contributions," said Hagedorn. "I wish them each well in their future endeavors."