Michael Costello joins Gilbane Building Co.
Michael Costello has been named senior VP finance and treasurer of Gilbane Building Company, which provides construction and facilities-related services. He will be based out of the company’s Providence, Rhode Island, headquarters and will lead the Finance organization for the company.
Costello joins Gilbane after six years with AECOM, where he directed the finance and strategic planning functions for the company’s $1.3 billion global design, architecture, building engineering and construction cost management consulting division. In addition, Costello has held a series of senior executive positions, including 12 years in several senior financial roles with the Federal Express Corp. in Asia and Latin America. Prior to that, Costello managed financial planning and analysis for Target and the Eastman Kodak Co.
“Mike has a proven track record of delivering top and bottom-line growth for both large and small companies in the U.S. and overseas and brings to Gilbane a keen eye for finance with 30 years of impressive financial management experience behind him,” said Tom Gilbane, chairman and CEO of Gilbane Building Company. “He will be a great fit for our leadership team as we continue to grow our business both domestically and abroad.”
Sears Canada announces board changes
Sears Canada has added EVP and operating chief Klaudio Leshnjani to the board of directors, following the sudden passing of H Ronald Weissman.
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Weissman has served as a member of board since November 2013 and was a member of the audit committee.
Leshnjani held several executive positions with the company, including EVP, chief administrative officer and general counsel, EVP, financial and home services, human resources, general counsel and corporate communications and SVP and general counsel.
"On behalf of the board of directors, I offer Ron’s family our deepest sympathy and want to let them know how appreciative we are for his contribution to Sears Canada," said William C. Crowley, chairman of the board. "He achieved many significant accomplishments during his life, and will be greatly missed by his colleagues on the board."
Sears Canada is a multichannel retailer with a network that includes 176 corporate stores, 229 Hometown stores, more than 1,400 catalog and online merchandise pickup locations, 96 Sears Travel offices and a nationwide repair and service network.
Golden Hammer Profile: ClosetMaid
As HCN editors have explored more formally in a former print edition, home storage is hot and getting hotter: a category well worth paying attention to in home improvement retailing.
Of note in this burgeoning market is ClosetMaid, winner of the 2014 Golden Hammer Award in Home Organization.
"With the recent increase in home sales, consumers are demanding value and maximizing their investment when it comes to home storage and organization, specifically with upgrades," said Craig Moeller, VP marketing and strategic planning. "The need for effective organization and storage is key."
Understanding the current market opportunity is also key, but so is knowing how to act on it.
Any company can describe itself as a leader in its given space, but there is a certain ubiquitousness to ClosetMaid’s products, and that’s not an accident. ClosetMaid diversifies its product range to suit various budgets, styles and functions, and for every room of the home.
ClosetMaid also recently distinguished itself by earning both the indoor air quality and recycled content certifications for its wire shelving products from environmental certification agency SCS Global Services. The products are now made from 90% recycled steel, bringing the company a long way from its roots as a wire shelving manufacturer for closets in new home construction in 1965.
The future for ClosetMaid sounds nebulous, but promising.
"We are excited about what’s in store for ClosetMaid," said Moeller. "Currently, we are developing new products with added features and new finishes that will give the consumer something fresh and new to use to organize their home."
The above is one of a series of profiles recognizing this year’s Golden Hammer Vendor winners, to appear on HomeChannelNews.com and in HCN Daily. Thirty-one Golden Hammer Vendor winners were honored this year at the 2014 National Hardware Show in Las Vegas.