Spectrum Brands moves HQ to Madison suburbs
Spectrum Brands Holdings is following up on its plans, announced in January 2012, to move its headquarters to the Discovery Springs area of Middleton, Wis., a Madison suburb.
The move includes its world headquarters, its technology center and several North American divisional operations. More than 500 full-time employees have been implicated in the transition.
The new facility promises to be more economical and energy efficient, and can accommodate up to 675 full-time employees, which played into the company’s decision to stay in the Madison area. Spectrum had previously considered moving its headquarters and North American Remington care operations to Miramar, Fla.
“In this challenging economic environment in which companies operate, we must reduce costs to maintain an operating structure aligned with today’s market conditions and enable Spectrum Brands to remain competitive and continue to grow over the long-term,” said Dave Lumley, CEO of Spectrum Brands Holdings. “That is why we moved our world headquarters from Atlanta back to the greater Madison area three years ago."
The new facility features the Spectrum Brands Institute of Design & Technology, which includes state-of-the-art labs and equipment and 20% more space for research, innovation and new product development, all dedicated to the company’s battery, personal care and home appliances businesses.
“Since our origins, more than 100 years ago, as a battery manufacturer on Madison’s east side, our company has played a significant role as a major employer in Dane County and other parts of Wisconsin,” said Lumley. “We are pleased about our move to Middleton, as well as our ability to retain our world headquarters, and North American appliances operations and R&D functions in the greater Madison area of Wisconsin, and continue our long history of investment in our state, which includes capital spending of approximately $40 million over the next five years.”
The transition is expected to be completed before the end of the year, when the lease on its current Madison headquarters on Rayovac Drive is set to expire.
Tim Swafford named NAHB Remodeler of the Year
NAHB Remodelers, the remodeling arm of the National Association of Home Builders, has named Tim Swafford, CGR, CAPS, CGP, of Swafford Construction in Chattanooga, Tenn., the 2013 Remodeler of the Year. The announcement was made at the NAHB Remodelers’ gala on Oct. 17 during the Remodeling Show in Chicago.
“Tim Swafford’s superior professionalism is evident in the high regard in which he is held by his clients and peers,” said NAHB Remodelers chairman Bill Shaw, GMR, GMB, CGP, a remodeler from Houston. “I’m pleased to present this award to a remodeler who is a leader in customer service, craftsmanship and in all levels of our association.”
Swafford has been in business with Swafford Construction since 1985 and joined NAHB Remodelers in 2003. He is involved in the Home Builders Association of Greater Chattanooga, where he serves as the current president in addition to being an NAHB National Director and a member of the NAHB Remodelers Board of Trustees.
Summit Materials taps Anne Benedict for CLO position
Anne L. Benedict has been named chief legal officer at Summit Materials, effective Oct. 1, 2013.
Prior to her new role, Benedict was a partner in the Washington, D.C. office of global law firm Gibson, Dunn & Crutcher LLP. Her specialty in corporate law involves a wealth of accumulated experience in mergers and acquisitions, joint ventures, securities offerings, securities regulation and disclosure issues, corporate governance matters and various other strategic transactions.
Benedict holds a law degree from the University of Pennsylvania Law School, as well as a bachelor of arts in English and psychology from the University of Michigan.