Dunham retires from LP board
Louisiana-Pacific Corp. announced that Archie W. Dunham retired from the board of directors at the annual meeting of shareholders as required by the mandatory retirement age in the bylaws.
Dunham has served on the board since 1996 and during his tenure served as the chairman of the Finance and Audit Committee and was also a member of both the Compensation Committee and Executive Committee. He is the former president and CEO of Conoco.
“Archie has made many contributions to LP during his board service, both in up and down markets,” said Curt Stevens, CEO. “His vast business experience, strong ethical principles and his financial savvy have served LP shareholders very well.”
In preparation for Dunham’s retirement, the board of directors reviewed its current size and determined to reduce the number of board members from nine to eight, so there will be no search for a new member.
WFCA’s Humphrey promotes the independent
In an interview with homechannelnews.com, Scott Humphrey, the CEO of the World Floor Covering Association, described some of the keys to success for the independent flooring retailer.
“Perseverance, creativity and diversification are gigantic for the independent retailer,” Humphrey said. “It’s important to understand the things that got you where you are today, aren’t necessarily going to keep you there.”
Top competition to the largely mom-and-pop membership of the WFCA, not surprisingly, is the big box. “The big boxes sell more flooring by accident then most people sell on purpose,” he said. And they have picked up about 12% market share over the past seven years.
Major goals of the WFCA, he said, are to bring stability to members, along with training and legislative advocacy. Regarding the latter and the tax advantages Internet retailers, Humphrey said: “The Marketplace Fairness Act is a big issue for us.”
The WFCA is a non-profit association.