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KB Home elects Michael Wood to board of directors

BY HBSDEALER Staff

KB Home’s board of directors has unanimously elected Michael M. Wood, founder and chairman of Redwood Investments LLC, to serve as a director and a member of its audit and compliance committee.

“Mike brings to the board a notable blend of financial, housing market, policymaking and environmental sustainability acumen and experience,” said Stephen Bollenbach, chairman of the board. “In addition, his success in building a groundbreaking research and media enterprise that became the go-to resource for the construction industry makes him an outstanding addition to the board.”

Redwood Investments is a Washington, D.C.-based investment company specializing in media, real estate and alternative energy that Wood established in 2005. 

Beyond his role there, Wood also served as the U.S. ambassador to Sweden between 2006 and 2009, working primarily to establish a cooperative relationship regarding alternative energy technology. He earned the insignia of Commander Grand Cross, Order of the Polar Star, from the King of Sweden in 2009, a top honor that the Royal Family bestows upon those of foreign birth who contribute significantly to Sweden’s progress.

He was also previously co-founder and CEO of Hanley Wood LLC, a business-to-business media property specializing in construction.

He serves as chairman of CSP Business Media, LLC and is a member of the board of trustees for The American-Scandinavian Foundation in New York, as well as the board of directors of Capital Partners for Education in Washington, D.C.

“We are very pleased to welcome Mike to the board of directors,” said Jeffrey Mezger, president and CEO. “With his deep knowledge of and insight into the dynamics of the homebuilding and real estate industries and his recognized accomplishments in fostering progress in alternative energy technologies, we fully expect that he will make a significant contribution to our efforts to advance our strategic growth and sustainability initiatives.”

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HCN Stock Watch: Better days

BY HBSDEALER Staff

Stocks were stronger on Monday, with TREX gaining 4.13% and UFPI up 3.66%.

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With a logo, the KCMA plays the green card

BY HBSDEALER Staff

Stickers in the windows of kitchen cabinet retailers will soon indicate a high level of environmental stewardship, if a new program from the Kitchen Cabinet Manufacturers Association catches on.

The KCMA says it is expanding its commitment to promote sustainable environmental practices by recognizing dealers and retailers who sell cabinets certified by the KCMA Environmental Stewardship Program (ESP). Through a new Authorized ESP Dealer recognition program, retailers and dealers who sell ESP-certified cabinets are able to utilize a new, distinctive and proprietary logo in their advertising and promotional efforts. 

“The Authorized ESP Dealer program responds to growing consumer interest in products that are proven to be environmentally sound, and hopes to make it easier for consumers to find such products,” said Richard Titus, executive VP, KCMA. “The KCMA’s Environmental Stewardship Program (ESP) is proud to provide cabinet manufacturers with an innovative platform that demonstrates their commitment to sustainability and sound environmental practices. ESP is audited each year by an accredited outside (third party) auditing firm in order to affirm its authenticity.”

ESP requires that all composite wood products used in cabinets comply with existing stringent California formaldehyde emission regulations, which are the lowest in the world. The program goes beyond other, more publicized environmental programs, by taking a holistic approach to “green” cabinet certification, ensuring industry compliance with the highest standards by requiring third-party verification for most of its criteria. 

The KCMA says the new logo will help increase awareness of the ESP program and its environmental benefits, as well as facilitate brand recognition among customers.

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