Rayonier elects new board, post-split
Following news this week that Rayonier made its official spinoff of its Performance Fibers business, new boardmembers were selected for both Rayonier Inc. and the newly formed Rayonier Advanced Materials Inc.
“As we anticipated, the quality and experience of our additional new board members are excellent,” said Paul Boynton, Rayonier’s chairman, president and CEO, who is going on to head Rayonier Advanced Materials. “They will provide valuable perspective and counsel to both boards and management teams going forward.”
Going forward, the board of directors for Rayonier Inc. will include Richard Kincaid as chairman, as well as John Blumberg, Governor John Ellis (Jeb) Bush, Dod Fraser, Scott Jones, Senator Blanche Lincoln, V. Larkin Martin, CEO David Nunes and David Oskin.
For Rayonier Advanced Materials, the board will include Paul Boynton as chairman, C. David Brown, II as lead director, DeLyle Bloomquist, Mark Gaumond, James Kirsch, Lisa Palumbo, James Miller, Thomas Morgan and Ronald Townsend.
BMC to move HQ to ATL
BMC, one of the nation’s major providers of building materials and construction services, is relocating its corporate headquarters from Boise, Idaho, to Atlanta.
The West-to-East relocation will be done on a phased basis with the executive team moving immediately, the company announced. The Boise office will continue to remain operational.
“This was a decision based on BMC‘s fast organic growth, its need to fill key management positions to support that growth and expand geographically beyond BMC’s current footprint,” said Peter Alexander, CEO of BMC. “Both management and the board were unanimous that BMC required a more central location with a larger population base and fully accessible air travel.”
BMC’s current footprint is predominately west of the Mississippi, where nine of the 10 states in which it operates are located. The tenth state is North Carolina.
The company, formerly known as Building Materials Holding Corp., has moved headquarters before — from San Francisco where it was founded in 1987, to Boise in 2009.
BMC operates in 16 markets, eight of which are in the top 25 single-family construction markets, and has in excess of 5,000 employees.
LG expands scope of Door-in-Door feature
LG Electronics is bringing its Door-in-Door technology to an even wider range of products, which now includes the side-by-side refrigerator category.
The original "door-within-a-door" feature provides easy access to snacks and beverages within the interior compartment, allowing users to grab various go-to items wihout opening the entire fridge door.
It’s easy to open — a push of a button on the door handle releases the magnetic seal to the compartment. But it also comes with an added purpose — that of reducing cold air loss and maintaining freshness.
"LG’s patented Door-in-Door feature, which was first introduced on our French-door refrigerators, has become widely popular among busy American families," said David VanderWaal, head of marketing for LG Electronics USA. "Now we’re breathing new life into the side-by-side category with this innovative feature."
The latest export to boast this feature is the newest LG Energy Star refrigerator, which also featuers Integrated SmartPull handles, stainless steel exterior, interior LED lighting and 22 cubic feet of space.