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HBSDealer Stock Watch: UFPI slides back

BY HBSDEALER Staff

Industry stocks saw gains for the most part, but UFPI decreased by 4.51% after releasing its quarterly earnings at the close of trading on Tuesday.

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Depot’s lofty energy goals

BY HBSDealer Staff

Atlanta-based The Home Depot says it wants to reduce consumers’ electricity costs by more than $2.8 billion by 2020. And at the same time, cut consumers’ greenhouse gas emissions by 20 million metric tons.

How? By sourcing and selling the right mix of products, including Energy Star certified products.

“We recognize the positive impact Energy Star-certified products have in consumer homes each day and will continue to work with our supplier partners to bring the best environmental innovations to our stores each year,” said Ron Jarvis, VP of environmental for The Home Depot.

The Home Depot claims to offer more than 20,000 Energy Star products in stores and online. The company also pointed to its recognition as by the U.S. EPA’s Energy Star Retail Partner of the Year award for the 10th consecutive year, as well as EPA’s Sustained Excellence distinction, for its continued leadership in offering the latest innovations in energy efficient products.

In addition to the new consumer energy goals, the company’s existing 2020 energy goals include reducing store energy use by an additional 20 percent below 2010 consumption levels and the procurement of 135 MW (megawatts) of electricity from a combination of onsite fuel cells and solar installs, as well as offsite solar and wind developments.

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Sherwin-Williams appoints Owens Corning CEO to its board

BY HBSDealer Staff

The Sherwin-Williams Company has appointed Michael Thaman to its Board of Directors, as well as to the Compensation and Management Development Committee of the Board.

Thaman is currently Chairman, President and CEO of Owens Corning, of which he has been on the Board of Directors since 2002.

"We are delighted to welcome Mike to our Board of Directors," said John Morikis, Chairman, President and CEO of Sherwin-Williams. "Mike has demonstrated strong leadership for 25 years at Owens Corning, and his broad financial and international experience will serve the Board and our shareholders well. We look forward to his contributions to Sherwin-Williams for many years."

Thaman has held a variety of senior leadership positions over the course of his career with Owens Corning. He has served as President and CEO since 2007 and Chairman since 2002.  Previously, he served as CFO from 2000 to 2007, President of Exterior Systems from 1999 to 2000 and President of Engineered Pipe Solutions from 1997 to 1998.

He is also a member of the Board of Directors of Kohler Company, and he previously served as a member of the Board of Directors of NextEra Energy, Inc.

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