Another executive exits ProBuild
Jim Cavanaugh, president of operations at ProBuild and one of the company’s veteran executives, is leaving the company at the end of August, Home Channel News has learned. A spokeswoman for ProBuild confirmed the news and issued the following statement:
“We thank [Cavanaugh] for his many contributions to our company and wish him well in his future endeavors. Jim will continue to work closely with our operations team until Aug. 31, 2011, in order to ensure a smooth transition.”
Cavanaugh is the second high-level departure from the nation’s largest LBM chain in two weeks. On July 11 the Denver-based company circulated a memo to employees announcing that Bill Myrick, president and CEO, was no longer with the company. He has held the top job for less than one year after serving as chief operating officer for two years.
Cavanaugh served as president of Hope Lumber for 20 years, growing it to a 50-unit chain in the south central U.S. that largely served production builders. Hope Lumber was purchased by Lanoga Corp., which then joined ProBuild in 2006. Parent company Devonshire Investors, part of Fidelity Investments, put Lanoga together with The Strober Organization, forming the largest LBM chain in the nation.
In addition to his most recent title, Cavanaugh essentially took over the COO’s job when Myrick was promoted to CEO in September 2010. All regional presidents reported to Cavanaugh, who was then executive VP operations.
Cavanaugh has also held positions with Georgia-Pacific and Boise Cascade in his 30-year career.
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Authorities are also
Authorities are also investigating similar incidents of vandalism at two student Jewish IT jobs
Mr. Cavanaugh is a master of
Mr. Cavanaugh is a master of slave productivity, a value (hopefully) no longer appreciated at ProBuild. Men of his character may drive results for a time but good people are not attracted to that kind of leadership. Bad character eventually catches up to you -- it did here.
Jim Cavanaugh is a class act
Jim Cavanaugh is a class act and has a sharp mind for this business. I wish him all the best.
Sales dip slightly at USG
USG Corp., a leading building products company, today reported net sales of $761 million for its second quarter of 2011, a 1.04% decrease over sales of $769 million a year ago.
The company posted an operating loss of $21 million and a net loss of $70 million, compared with $25 million and $74 million, respectively, in the second quarter of 2010.
U.S. Gypsum wallboard shipments totaled 986 MMSF in the second quarter of 2011 versus 1,070 MMSF a year ago. Revenues for the U.S. Gypsum division were $322 million in the second quarter, a 4.2% decrease from $336 million a year ago. L&W Supply, the distribution arm of USG, recorded an operating loss of $14 million compared with $22 million during the same period last year.
“We are continuing to pursue our near-term and long-term strategic priorities during the protracted recession in our domestic markets,” said James Metcalf, president and CEO. “By strengthening our core businesses, diversifying the sources of our earnings and aggressively leveraging our innovation leadership to differentiate USG’s products from the competition, we are confident that we can successfully navigate this recession and capitalize on a recovery.”
The 16th quarter to lose
The 16th quarter to lose money! I don't know how these people keep their jobs. The board of directors must consist of Chicago politicans. If USG is the supposed gypsum leader they should raise their prices to become profitable. This is poor management saying look at our market share while the company spirals down. L&W is the price warrior in many markets and continues to have a negative bottom line. I can see the problem...salespeople that are amateurs selling on price alone.
iLevel lends a hand for Joplin recovery
Federal Way, Wash.-based building products manufacturer and distributor iLevel by Weyerhaeuser is donating construction materials to help relief efforts in Joplin, Mo., following the spring tornado that killed more than 150 people. The company is providing a truckload of oriented strand board (OSB) sheathing and a truckload of 2×4 lumber to help repair and rebuild homes and other buildings damaged in the May 21 storm.
"A few days after any tragedy like this, the news crews leave and people outside the area return to their lives, but the hard work of rebuilding continues much longer," said Stewart Lavigne, manager, OSB marketing and sales for iLevel by Weyerhaeuser. "We heard from local officials and building material dealers that construction supplies in the area had been exhausted, and there’s still a need for donations and other support. We’re pleased to work with our business associates to help the people in Joplin and throughout Missouri and assist with the city’s recovery."
"I certainly appreciate iLevel by Weyerhaeuser donating these much-needed supplies for Joplin’s rebuilding efforts," said Missouri Representative Bill White (R-Joplin). He said Joplin has a long road of recovery ahead of it.
The donation is being coordinated through iLevel dealer Forest Products Supply Co. in St. Louis and in conjunction with the Mid-America Lumbermens Association (MLA).
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