Boise Cascade appoints new controller
Boise Cascade has announced the resignation of Bernadette Madarieta as VP and controller, effective Jan. 31.
The board of directors has elected Kelly Hibbs as the company’s new VP and controller. The 44-year-old executive served as director of strategic planning and internal audit since February 2008.
Prior to that position, Hibbs served for seven years as manager of financial forecasts and projects for Boise Cascade and OfficeMax.
Headquartered in Boise, Idaho, Boise Cascade is a leading distributor of engineered wood products and plywood in North America. It is a subsidiary of BC Holdings, a privately held company.
Jewett-Cameron authorizes share repurchase
North Plains, Ore.-based LBM distributor Jewett-Cameron Trading Company Ltd. authorized a share repurchase plan to purchase for cancellation up to 350,000 common shares through facilities of the NASDAQ Stock. This amount represents approximately 17% of the approximately 2.0 million common shares outstanding. During 2010, the Company repurchased 376,112 shares under a prior formal plan of repurchase, the company said.
This share repurchase plan may commence on January 24, 2011 and will remain in place until May 6, 2011 but may be limited or terminated at any time, the company said.
USG expands UltraLight distribution
Chicago-based USG Corp., makers of the Sheetrock brand of wall board, announced they have expanded distribution of their new Sheetrock UltraLight panels.
The panels, which are up to 30% lighter than typical gypsum wallboard, are now available to more than 500 retail and specialty dealer locations throughout the Midwest, Northeast and Southeast regions.
The company also announced the UltraLight panels received the Underwriters Laboratories Inc.’s UL Environment Gold Level Certification. The panels were found to hold environmental and human health attributes based on several factors, including: materials used, energy savings, manufacturing and operations, health and environment, product performance and use, and stewardship.