Sears names former Dell exec to board
Hoffman Estates, Ill.-based Sears Holdings has elected Kevin Rollins, former CEO of Dell, to its board of directors, bringing the total number of directors to eight.
Rollins, 55, left Dell in January of last year, and is currently a senior adviser to the private investment firm TPG Capital, formerly known as Texas Pacific Group.
“Kevin Rollins is an accomplished businessman whose experience leading a company in Fortune’s top 50 will be invaluable as we continue to implement Sears Holdings’ revised organizational and internal management structure,” said Sears Holdings chairman Edward Lampert in a statement.
Rollins also serves on the board of Avaya and is a member of the President’s Leadership Council and the Marriott School National Advisory Council at Brigham Young University, where he founded and continues to sponsor the Rollins Center for E-Commerce.
Sears Holdings also announced it will be releasing financial results for the fourth quarter and year of 2007 on Feb. 28.
Sherwin-Williams buys Ohio-based paint maker
United States paint giant Sherwin-Williams has acquired Grove City, Ohio-based Becker Powder Coatings, according to Business First of Columbus, Ohio. Terms of the deal were not disclosed.
Becker Powder Coatings is a division of Sweden-based AB Wilh. The company makes powder paints for appliances, decor items, electronics and furnishings. Becker had 2007 sales of approximately $14 million.
In turn, AB Wilh will buy the Chicago-based coil coatings business of Sherwin-Williams. Terms of that deal also were not disclosed.
ProDealer Conference and NLBMDA Industry Summit merge
Washington, D.C The National Lumber and Building Material Dealers Association and the ProDealer Conference (presented by Home Channel News) announced the merger of their two annual industry conferences: the HCN ProDealer Conference and the NLBMDA Industry Summit.
The new combined conference, renamed the ProDealer Industry Summit, will be held Oct. 1 to 4, 2008, at the Westfield Marriott Resort in Chantilly, Va., and will be jointly run by both organizations.
“We are excited to bring together two great conferences for the overall benefit of the industry,” said Diane Swenson, new president of the NLBMDA.
“Both conferences have served the industry quite well,” said Jeff Arlen, publisher of Home Channel News. “The ProDealer Conference has grown significantly over its 11 years, and the NLBMDA Industry Summit has been a success for more than 21 years.”
“We will now be able to offer to the industry a single event, combining all of the benefits of each conference, while delivering more value to the vendors and manufacturers who support these events,” said Jim Reynolds, managing director of the ProDealer Conference.