EcoPlanet Bamboo Group hires former WY execs
Barrington, Illinois-based EcoPlanet Bamboo Group has nabbed three former Weyerhaeuser executives in its latest hiring spree.
Of these, former Weyerhaeuser Solutions president Marvin Risco has been named group president. He has held multiple positions at Weyerhaeuser over the years, ranging from financial director for Weyerhaeuser Forestlands International to VP international operations in Latin America, Europe and Asia.
“Ray brings a wealth of financial, operational and managerial expertise and the know-how to develop those processes within large companies, which we can now effectively apply at EcoPlanet Bamboo,” says Troy Wiseman, CEO of EcoPlanet Bamboo.
“I have spent years developing certified sustainable, plantation based fiber to meet the ever-growing global demand for wood products,” said Risco. “Once I understood the depth of what EcoPlanet Bamboo has created, I realized that they have figured out what no other bamboo company has ever done before. EcoPlanet Bamboo has created the systems and protocols necessary to develop bamboo plantations as a commercially viable alternative fiber in terms of scale, cost and sustainability. EcoPlanet Bamboo’s certified sustainable plantations, the company’s IP and the industry-leading operational systems they’ve developed and proven, have convinced me EcoPlanet Bamboo has the foundation to grow their business to significant commercial scale.”
In addition to Risco, Dr. Kent Wheiler and James Leitheiser will join EcoPlanet as COO and VP commercial technologies, respectively.
Wheiler has racked up 25 years of experience in international plantation management and strategic planning at Weyerhaeuser.
Leitheiser has over 27 years of experience in manufacturing and forest products, serving most recently as director of global business services for Weyerhaeuser Solutions.
Johns Manville honored by Insulate America
Denver, Colorado-based Johns Manville has earned the "Supplier of the Year" designation for the second year in a row by insulation contractor association Insulate America, Inc.
“The Johns Manville team continues to show a commitment to supporting our organization and providing valuable technical expertise and customer service,” said David Beam, president and CEO of Insulate America. “We’re proud to recognize their unwavering ability to provide their employees and customers with high-quality service and an innovative set of product solutions. We sincerely appreciate their partnership.”
Insulate America is a cooperative made up of locally owned, independent insulation contractors who work on residential and commercial projects. It has 185 locations in 45 states and more than 5,000 employees.
Each "Supplier of the Year" award is determined by representatives from each of the locations. Johns Manville has been recognized by Insulate America four times over the course of their 14-year partnership.
“We are incredibly humbled to have been named ‘Supplier of the Year’ for the second consecutive year by Insulate America, and we have the utmost respect for industry professionals that make up their organization,” said Fred Stephan, SVP and general manager of Insulation Systems for JM. “This award represents the dedication that the entire JM team has in providing our customers with the best insulation products and the broadest range of solutions to meet the changing needs of this industry.”
Electrolux CEO points to recovery, despite losses
Electrolux president and CEO Keith McLoughlin reflected on the company’s progress during the second fiscal quarter, pointing to prospects for growth.
However, net sales decreased by about 4.9% year-over-year, totaling $26.3 billion for the three-month period. That decrease was slightly smaller for the six-month period — 2.0%.
Meanwhile, the company posted a net loss of $92 million for the quarter. For the first six months, the company’s net income of $339 million compares to net income of $1.003 billion for the same six-month period last year.
"We will continue to launch new, innovative products in parallel with optimizing global production with a strong focus on cost efficiency," said McLoughlin. "This will enable us to continue to generate a solid cash flow and shareholder value."
McLoughlin pointed to specific cost-reduction initiatives that Electrolux is conducting in its various market segments, including one in Europe overall and a review of its manufacturing facilities in Italy.