Steve Reuter to lead ABC Supply unit
Beloit, Wis. — Steve Reuter has been named executive director of American Construction Metals, a business unit of ABC Supply.
ACM is a manufacturer of metal roofing, siding, rainware and related products. In this newly created position, Reuter will be responsible for the strategic direction and financial performance of ACM and its four manufacturing plants.
“Steve has a unique combination of experience that makes him ideal for this position,” said Brad Money, ABC Supply’s VP divisional operations. “He has been with ABC Supply for nearly a dozen years, and he has been a branch manager, a regional operations manager and, most recently, district manager for the Ohio Valley District, which has given him in-depth insights into ACM’s primary customer base.”
Earlier, Reuter was a manufacturing manager for Milliken & Co. in Lagrange, Ga., and Stryker Corp. in Mahwah, N.J. He has a Bachelor of Science degree in chemical engineering from the University of Florida and earned Master of Business Administration and Master of Science degrees from Indiana University.
Lumber Liquidators makes some promotions
Lumber Liquidators announced on Wednesday its promotions of James Davis to SVP sales and Charles Schwartz to CIO and SVP business development.
"We are extremely pleased to announce the promotion of both Jim and Chuck who have both been so integral to the success we have achieved in our business to date," said president and CEO Robert Lynch. "With our significant past growth and aggressive plans for the future, we continuously challenge our management structure for operating effectiveness. I am excited to be able to recognize Jim’s and Chuck’s outstanding performance and contributions with these promotions. We believe their ongoing efforts, and our expansion of the U.S. divisional structure of our retail store operations from two to three as we continue to open and remodel stores, will help us realize additional operational efficiencies and successfully implement our key strategic initiatives."
Davis has been with the company since January 2009 and most recently served as VP sales for the Eastern U.S. division. He has also held senior positions at national retailers such as Circuit City and Sears Holdings. In his new role, he will drive development of commercial sales and oversee retail performance across three divisions in the United States and one in Canada.
Schwartz will be transitioning from his most recent role as VP operations and strategy; his new responsibilities will include overseeing the company’s technology functions, leading development efforts for future business opportunities and implementing certain strategic initiatives. Schwartz has been with the company since March 2012, and had previously held roles in IT, business development and store operations at Accenture, The Tensar Corporation and The Home Depot.
Both Davis and Schwartz will continue to report directly to Lynch.
Samsung says it’s aiming for the top
Samsung has set its sights on a fairly ambitious goal: to become the world’s largest appliance manufacturer by 2015.
According to Bloomberg Businessweek, Samsung has some pretty formidable competition here in the U.S., including current leader Whirlpool. However, it’s the fast-growing appliance brand in the country, managing to jump from 2.3% market share to 10.5% over the last five years.
The manufacturer announced a new Smart Home Initiative at the Consumer Electronics Show in Las Vegas this week, where its appliances enjoyed a larger-than-usual share of the spotlight.
To set itself apart from the competition, Samsung is rolling out features such as a sparkling water tap, custom-temperature zones, and a secondary freezer option in its Chef Collection refrigerator. Meanwhile, the FlexDuo oven can be partitioned into two cooking areas, and a brand new dishwashing technology introduced at CES, called WaterWall, is a linear system (versus the traditional rotary spray arm) that targets hard-to-reach corners.
B.K. Yoon, Samsung’s co-chief executive officer in charge of consumer products, acknowledged that in order to reach its goal, Samsung will need to target the core consumer market and avoid focusing too much on the high-end segment of the market. However, Samsung envisions a sort of "trickle down" effect wherein its premium products will inform its middle-of-the-market solutions.