Stanley Works names new executives
The tool maker Stanley Works has promoted James Loree to chief operating officer from chief financial officer as of Jan. 1, the New Britain, Conn.-based company announced. Donald Allan Jr., the company’s controller, will be promoted to replace Loree as CFO.
Loree joined Stanley Works in 1999 from General Electric Co. Allan also came to the company in 1999 to serve as director of financial reporting after holding financial management positions at Loctite Corp. and Ernst & Young LLP.
The company also said Dec. 17 that Donald J. McIlnay, president of the industrial tools and emerging markets groups, has decided to retire at the end of 2008.
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GAF regional vp dies
GAF Materials Corp. has announced the sudden passing of John Makar, area vp-GAF/ELK Southeast region, on Dec. 13. Makar, 59, died unexpectedly at his home, the company said.
Makar was employed in the roofing industry for his entire career. He joined GAF in 1998 as field sales manager for the Florida district, ultimately becoming the area vp of Steep Slope Southeast.
Makar also served as a military reservist for 25 years, retiring from the Florida National Guard last year. His charitable work included collecting thousands of pairs of shoes for orphaned children in Kabul.
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More closings at 84 Lumber
The building downturn has resulted in further cuts at 84 Lumber, which confirmed the closing of five additional stores in the last seven days. The locations are: Austintown, Ohio (near Youngstown); Sandusky, Ohio (in the Cleveland area); Lakeville, Ind.; Riviera Beach, Fla; and Chelsea, Ala. (The Chelsea unit was located across the street from a new 84 Lumber store and had been used as additional space.)
The Eighty-Four, Pa.-based lumberyard chain, which ranked No. 3 on the Home Channel News Pro Dealer Top 350 Scoreboard, also closed two truss plants, in McFarland, Wis., (in the Madison market) and Knoxville, Tenn., during the past week.
Areduction in head count has also been made at the corporate level; 28 positions were eliminated over the past three weeks. “There were cuts across the board, but most were in purchasing,” Jeff Nobers, vp-marketing and public relations, told Home Channel News. Director of purchasing Mitch Wagner still oversees approximately 40 people in the purchasing department, which was consolidated this past March, Nobers added.
84 Lumber now operates 329 stores and eight component plants in 161 markets in the United States, covering 37 states.