Executive changes at BlueLinx
BlueLinx Holdings, the Atlanta-based distributor of building products, has announced in a Securities and Exchange Commission filing that one officer has left the company and another has dropped his executive status.
Duane Goodwin, age 50, the company’s chief supply chain officer, resigned his position effective April 1. Goodwin came to BlueLinx in 2005 from Home Depot, which he joined in 1994, serving in a variety of positions including VP merchandising – hardware; VP global sourcing; and divisional merchandise manager. Before that, Goodwin was with Wal-Mart Stores. Prior to joining BlueLinx, Goodwin also served as an outside consultant to Cerberus beginning in 2005.
In connection with Goodwin’s departure, BlueLinx expects to enter into a settlement agreement and general release with Goodwin, in which he will receive a cash payment in the amount of $500,000.
Harold Cohen, age 62, is no longer an executive officer of BlueLinx, effective April 1, according to the SEC filing. Cohen will continue as chairman of the board of directors in a non-executive capacity, however. Cohen began serving as BlueLinx chairman in March 2008 and as a board member since September 2007. Cohen also held the position of interim CEO from March 2008 through October 2008.
Prior to joining BlueLinx as an executive officer, Cohen was a senior advisor at Cerberus Capital Management.
BlueLinx operates sales centers in Atlanta and Denver, distributing building products through a network of more than 70 warehouses in North America.
A.C. Houston acquires Sandlin Lumber
Las Vegas-based A.C. Houston Lumber purchased the assets of Sandlin Lumber. A.C. Houston Lumber will operate out of both its current and its newly purchased Las Vegas locations.
On the 2008 Home Channel News Top 350 Pro Dealer Scoreboard, A.C. Houston ranked 73rd with $115 million in sales. Sandlin had been operating as a single-location family-run dealer since 1981.
“This expansion reaffirms A.C. Houston Lumber’s commitment to the Southern Nevada market in which we have had the pleasure of providing quality service and products since 1948,” said president Ron Mason. “We look forward to continuing the exceptional service Sandlin Lumber Co. has provided the Las Vegas Valley during their 28 years of operation.”
A.C. Houston Lumber has been a major supplier of building materials, lumber, trusses and engineered wood products to the professional builder since 1884. A.C. Houston Lumber currently operates lumber and truss manufacturing facilities in Nevada, California and Idaho.
Huttig loses CFO
Kenneth Young, the CFO at Huttig Building Products, has resigned effective April 10, according to a filing with the Securities and Exchange Commission. No reason was given for his departure.
The St. Louis-based distributor named Young as vp and chief financial officer effective Jan. 27. Young had served as interim CFO since Oct. 17, 2008. He was hired as company treasurer in January 2006.
Prior to joining Huttig, the 57-year-old executive worked as the finance director of Insituform Technologies, a publicly held company that provides trenchless sewer rehabilitation, tunneling and industrial pipe linings. Young was also employed for 16 years at MEMC Electronic Materials, a silicon-wafer manufacturer and a publicly traded company, where he served as treasurer. Other positions include the Farm Credit Banks of St. Louis, an agricultural lending institution, where Young held the position of VP finance.