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GE names president of lighting division

BY HBSDEALER Staff

GE Home & Business Solutions announced that Maryrose Sylvester has been named president and CEO of GE Lighting, a global industry leader in lighting, systems and services for commercial, industrial and residential use. 

Sylvester, who will report to GE Appliances & Lighting president and CEO James Campbell, succeeds Michael Petras who has led GE Lighting since 2008. Petras is leaving GE to take a position outside of the company.  

Sylvester is a 23-year GE veteran, 14 years of which were spent at GE Lighting. She has led GE Intelligent Platforms, a global provider of software, hardware, services and expertise in automation and embedded computing, since 2006. During her previous tenure at GE Lighting, she held a variety of roles of increasing responsibility, including president and CEO of GE Lighting Systems, general manager of Worldwide Sourcing and director of Sourcing for GE Lighting Europe, based in Budapest, Hungary. 

A successor for Sylvester will be named shortly, the company reported. 

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Kitchens and gardens shine at Home Depot

BY HBSDEALER Staff

Atlanta-based Home Depot’s fourth quarter saw positive comp-store sales for the fifth straight period. Kitchens and gardens were among the highest-performing categories.

According to Home Depot’s Craig Menear, executive VP merchandising, the departments that outperformed the company average were kitchens, outdoor garden, indoor garden, electrical and tools.

Comparable-store sales for the company increased 3.9% for the three months ended Jan. 30. For stores in the United States, comp sales were positive 4.8%.

During the company’s fourth-quarter earnings call, Menear also said heavy snow and ice in January led to double-digit positive comps in power snow removal equipment, chemicals and snow tool categories. 

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Weyerhaeuser, Home Depot make Fortune Magazine list

BY HBSDEALER Staff

Weyerhaeuser ranked as the “Most Admired Company” in the Forest and Paper Products category of Fortune Magazine’s annual rankings of large U.S. companies, published online on March 7. International Paper came in second.

Listed as “contenders” were Domtar, Boise, Universal Forest Products and AbitibiBowater.

Home improvement retailers came under the rubric of “Specialty Retailer: Diversified,” where Costco took the top spot. Home Depot was the second “Most Admired Company.” Lowe’s came in fourth.

Fortune’s “Most Admired Companies” list is compiled from a database of roughly 1,400 of the nation’s largest companies (by revenue). Fortune then uses The Hay Group to survey approximately 15,000 senior executives, outside directors and other major non-U.S. companies and financial analysts. Companies are rated on innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment and quality of products/services.

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