Potlatch appoints lead director
Lumber producer Potlatch has announced the appointment of John Moody as lead independent director of the company’s board of directors. Moody succeeds Dr. William T. Weyerhaeuser, who resigned from the board in December 2008 and joined the Clearwater Paper Corp. board after the spinoff of Clearwater Paper from Potlatch.
Moody has been a member of the Potlatch board since 2006 and is the president of Proterra Management, which is the general partner and manager of Proterra Realty Fund. He is also a board member for Huron Consulting Group.
“John Moody is a strong leader with extensive executive experience in the REIT sector. He will serve the company and shareholders well in his new role,” said Michael J. Covey, chairman, president and CEO of Spokane, Wash.-based Potlatch.
Sears extends layaway into 2009
Sears announced it will offer its layaway program — popularized during the 2008 holiday season — throughout the year. Through the program, customers can reserve Sears merchandise, pay in installments and pick up the items within 90 days.
“The response to Sears offering layaway over the holidays was quite positive, and as a result, we decided to extend into 2009,” said Don Hamblen, Sears’ chief marketing officer. “By offering great values and an affordable way to pay for their purchases with layaway, we are confident that customers will be able to continue to give their families the things they want and deserve in the New Year.”
Merchandise — from a wide selection of Craftsman tools, to storage, to lawn and garden equipment and patio furniture for spring and summer — is now eligible for layaway. Also on the list are the Lands’ End and Ty Pennington lines, along with jewelry and fitness equipment.
Among the merchandise that cannot be put on layaway are the following: home electronics, home appliances, automotive merchandise, consumables, licensed goods, gift cards, beer and wine, food and other perishables, chemicals, paint thinner, live plants and pool chemicals.
The Sears 2009 layaway program does not affect the existing Fine Jewelry program. Sears layaway is available in Sears Full Line, Sears Hardware, Sears Grands and Sears Essential Stores (not available in Automotive, Dealer, Outlet Stores or on Sears.com).
NLBMDA outlines policy agenda
The National Lumber and Building Material Dealers Association (NLBMDA) kick-started the new year with a 16-page document that spells out the trade group’s position on a number of issues affecting lumber dealers across the nation. Called the “NLBMDA 2009 National Policy Agenda,” the document addresses a variety of topics: the housing industry, immigration reform, free trade, affordable health care, the estate tax, green building mandates, union balloting and safety standards in the workplace, to name just a few.
“Simply put, the [agenda] will lay out in a clear and concise manner the issues of importance to the LBM industry in Washington and the principles we will use going forward to evaluate whether we will support or oppose an issue,” said NLBMDA president and CEO Michael O’Brien in a prepared statement. “Public policy makers will know exactly where we stand as an industry.”
Under development since September 2008, several NLBMDA committees, along with the board of directors, worked on the policy agenda.
Copies of the document will be distributed to members of Congress and key administration officials, the trade group said, as well as to elected representatives in lumber dealers’ home districts and states. The agenda will also be used during the NLBMDA members’ annual visit to Capitol Hill, scheduled for March 16 to 19, 2009.