Andersen names Karen Richard CHRO and SVP
Andersen Corporation has a new chief human resources officer and SVP in Karen Richard, who is succeeding Mary Carter when she retires on Feb. 14.
“During Mary’s career with Andersen, we benefited from her extensive Human Resources experience as well as her leadership, which spanned development of the functions of Quality, Sustainability, Real Estate and Facilities, Communications, Community Relations, and Code and Regulatory Affairs,” said Andersen chairman, president and CEO Jay Lund. “She built an exceptional team of strong leaders, who will carry on her legacy of doing the right thing and leading for the future.”
In her new role, Richard will be responsible for the company’s human resources, corporate communications, community relations, and code and regulatory affairs operations.
“Karen brings a strong track record in building company culture, engaging employees and developing leaders,” said Lund. “She is a well-rounded and accomplished leader with a unique blend of Finance, Sales Strategy and Human Resources experience. She will be a great addition to the Andersen leadership team.”
Richard was previously working for Minnesota-based mattress manufacturer and retailer Select Comfort, where she served in a number of capacities (most recently as CHRO and SVP Human Capital). She also serves on the board of directors for Make A Wish Minneosta.
Beacon sees strong start, soft finish in Q1
Herndon, Va.-based Beacon Roofing Supply celebrated solid top-line growth during a quarter that started fast and finished with some tough weather conditions.
The company posted first-quarter sales of $552.1 million, up 7.5% from $513.7 million in the same quarter last year. Net income slipped to $15.0 million, down from $18.2 million in the year-ago quarter.
“We started the quarter exceptionally strong, but ended the month of December on a soft note as a result of some very challenging weather conditions in our Northern regions,” said president and CEO Paul Isabella.
The company reported a strong rebound in commercial roofing, but also a “challenging pricing environment” that continued to drive down gross margins in the quarter.
Beacon also said it expects to exceed its expansion plans and roll out as many as 25 branches in the current fiscal year.
“We believe market pricing will improve in 2014 as demand increases as we exit the winter months, and we intend to continue to leverage our operating expenses as we grow our revenue base,” Isabella said.
The distributor of roofing materials and complementary building products currently operates 240 branches in 39 states in the United States and six provinces in Canada.
Snavely rolls out plans for Perennial Wood transition
Pittsburgh-based Snavely Forest Products said it’s not going to let the “modified” lumber movement lose its momentum.
In response to Eastman Chemical’s recent announcement that it would cease the manufacturing of Perennial Wood products — the trade name for acetylated wood — Snavely Forest Products announced today that it will continue to market the high-performance decking product.
Snavely Forest Products has been actively marketing Perennial Wood, acetylated wood products, with launches in North and South Carolina in 2012 and Maryland, Virginia, Pennsylvania and Delaware in 2013.
“I have never seen a product launch as successful as Perennial Wood,” said Clark Spitzer, VP marketing for Snavely. “The market is ready for this new technology, and we believe that acetylated wood is the next big thing in our product line.”
Spitzer said Snavely will continue to supply the market with Perennial Wood through the first quarter of 2014. There is sufficient acetylated wood in the channel to supply the market well beyond that time frame. The company added that it is confident that it will execute its plan to transition from Perennial Wood to a new supply without any significant disruption to the dealer network.
“We have no intention of abandoning this new technology and have opened discussions with a world leader in the development and commercialization of acetylated wood products,” Spitzer added.
As previously reported, Eastman said its Perennial Wood was well received in the market, but strategic and financial decisions factored into the decision to discontinue it.
“The product was performing well, and we had growing adoption in the marketplace,” said Tim Dell, VP innovation, marketing and sales at Eastman. “The decision to exit the business was not made because of product performance or market acceptance. When it came down to really understanding the costs associated with production, the economics were challenging and it was going to take too long to see meaningful earnings for our shareholders.”