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Essex Rental Corp. CEO Ronald Schad resigns

BY HBSDEALER Staff

Essex Rental Corp., a provider of rental and distribution for cranes and lifting equipment, has announced the resignation of its president and CEO, Ronald Schad.

“I am pleased with the accomplishments of Essex Rental Corp.," said Schad. "I am especially proud to have worked with our dedicated employees who are focused on serving our customers and building value for our shareholders. As a public company with a tremendous foundation of people and assets, we are uniquely positioned to grow our company’s offering to our customers. It is with this in mind that I have decided it is an opportune time for me to consider my next steps and professional future. I see great upside for this company, and believe that the time is right for a new CEO to build upon the strategies we have developed to drive our growth opportunities.”

Schad has been at the helm of the company since 2000, overseeing significant growth for Essex in the North American construction industry. Previously, he also worked for the Manitowoc Crane Group for 15 years, most recently as EVP and general manager, and Reynolds Electrical and Engineering Co.

The Board of Directors is currently working to find a replacement. In the meantime, Schad will remain in his current role, and he will continue to serve on the company’s Board as a significant stockholder of the company.

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Personna’s Flip Lock Carpet Knife does work in half the time

BY HBSDEALER Staff

Personna is introducing the Flip Lock Carpet Knife to its product line, boasting a design said to cut carpet cutting time in half for contractors.

The knife’s head is designed to easily change position, allowing the user to use both edges of the blade. 

"Our new Flip Lock Carpet Knife is a simple, easy to use solution for today’s carpet installers," said Bob Senesac, director of marketing for Personna’s Industrial/Professional Division. "Rather than flipping blades over to use multiple edges, you just flip and lock the head of this knife in position. You can get back to cutting right away. No blade flipping or handling of sharp blades. Just flip and go."

According the company, the reduced blade handling (by 50%) makes the Flip Lock Carpet Knife safer than traditional carpet knives.

Senesac also reported that the company will continue focusing on blade improvements in terms of product innovation for 2014.

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Sara Grootwassink Lewis joins board at Plum Creek

BY HBSDEALER Staff

Plum Creek Timber Company has announced the appointment of Sara Grootwassink Lewis to the company’s board of directors. She is founder and CEO of capital markets and board advisory firm Lewis Corporate Advisors.

Lewis, who is the ninth independent member of the company’s board, has an extensive background in finance and capital markets. 

Prior to her work with Lewis Corporate Advisors, she was EVP and CFO of Washington Real Estate Investment Trust. She also holds the Chartered Financial Analyst designation and is a certified public accountant.

"Sara’s extensive background in REITs, real estate and capital markets makes her a valuable addition to the board," said CEO Rick Holley. "Her wealth of experience and financial acumen will bring an important perspective and we are pleased to welcome her to our board."

In addition to her new role on the Plum Creek board, Lewis also serves on the boards of CapitalSource, Inc. and PS Business Parks. 

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