Canfor to keep MacKenzie, British Columbia, mill open
Following a shutdown of its mill in MacKenzie, British Columbia, forest products company Canfor will reopen the mill on a modified shift schedule. While the move will bring back 320 jobs, 130 jobs will be eliminated.
Canfor reported losses of $38.8 million in the second quarter, compared with $39.2 million in earnings last year. This decision will result in the reduction of 150 million board feet of capacity, the company said, and is part of an overall cost-savings strategy.
The mill’s closure initially was slated for mid-August. The company is planning to have the mill operating under the new configuration by the end of next month.
“We have been very clear that we needed to significantly reduce our delivered log costs and improve efficiency at the mill in order for us to continue operation,” said Jim Shepard, interim CEO for Canfor. “Through the hard work of our employees and the valuable support of the union and the Provincial government for improving access to fiber, we have made tremendous progress in this regard.”
Sears names new chief marketing officer
Sears Holdings has announced Richard Gerstein will join the company as chief marketing officer for its Sears, Roebuck and Co. subsidiary effective Aug. 6.
Gerstein last served as global chief marketing officer and senior vp of U.S. business for Alberto Culver Beauty.
Gerstein will have overall responsibilities for executing Sears’ brand marketing strategies and programs. He will help with initiatives that aim to “help Sears reconnect with its loyal customers and attract former customers back to Sears,” said Maureen McGuire, Sears Holdings’ chief marketing officer, adding, “We started that work with the announcement in May of Sears’ new integrated marketing campaign.”
Gerstein also served in senior leadership and marketing positions at Reflect True Custom Beauty, a Procter & Gamble spinoff, and at Procter & Gamble.
Board member steps down at Valspar
Minneapolis-based paint and coatings company Valspar announced Peter McCausland resigned from its board of directors, citing an increase in his business and personal commitments.
McCausland was a member of the board’s compensation and governance committees.
McCausland is chairman of the board and CEO of Airgas and a director of the International Oxygen Manufacturers Association, the Fox Chase Cancer Center and the Independence Seaport Museum. He had been a Valspar director since April 2006.