Do it Best executive honored in Indiana Business Journal
David W. Dietz, chief financial officer at Do it Best, was one of three people recognized recently at the Indianapolis Business Journal’s CFO of the Year awards in the category of private companies with revenues of more than $250 million.
Dietz joined Do it Best in 1977 as an accounting supervisor and was promoted to CFO in 1987. Dietz has also held other executive level positions in the company’s sales and marketing and market development areas.
During his 30-plus year tenure with Do it Best, Dietz has played a role in growing the company from $300 million to $2.65 billion in annual sales, the co-op said. He also helped increase the company’s assets from $76 million to $763 million.
“In addition to his business skills, Dave’s character is what makes him such an asset to our leadership team,” says Bob Taylor, CEO of Do it Best. “He sets an example that trickles down through our organization by showing his genuine interest in others, giving generously of his own time and resources, and expecting no more from others than he does himself.”
Agraduate of Ball State University, Dietz is a long-time member and officer in the Fort Wayne, Ind., chapter of Financial Executives International (FEI). He is active in the CFO Roundtable for the National Association of Wholesaler-Distributors and is on the board of directors for member insurance.
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GAF regional vp dies
GAF Materials Corp. has announced the sudden passing of John Makar, area vp-GAF/ELK Southeast region, on Dec. 13. Makar, 59, died unexpectedly at his home, the company said.
Makar was employed in the roofing industry for his entire career. He joined GAF in 1998 as field sales manager for the Florida district, ultimately becoming the area vp of Steep Slope Southeast.
Makar also served as a military reservist for 25 years, retiring from the Florida National Guard last year. His charitable work included collecting thousands of pairs of shoes for orphaned children in Kabul.
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More closings at 84 Lumber
The building downturn has resulted in further cuts at 84 Lumber, which confirmed the closing of five additional stores in the last seven days. The locations are: Austintown, Ohio (near Youngstown); Sandusky, Ohio (in the Cleveland area); Lakeville, Ind.; Riviera Beach, Fla; and Chelsea, Ala. (The Chelsea unit was located across the street from a new 84 Lumber store and had been used as additional space.)
The Eighty-Four, Pa.-based lumberyard chain, which ranked No. 3 on the Home Channel News Pro Dealer Top 350 Scoreboard, also closed two truss plants, in McFarland, Wis., (in the Madison market) and Knoxville, Tenn., during the past week.
Areduction in head count has also been made at the corporate level; 28 positions were eliminated over the past three weeks. “There were cuts across the board, but most were in purchasing,” Jeff Nobers, vp-marketing and public relations, told Home Channel News. Director of purchasing Mitch Wagner still oversees approximately 40 people in the purchasing department, which was consolidated this past March, Nobers added.
84 Lumber now operates 329 stores and eight component plants in 161 markets in the United States, covering 37 states.