Trex announces resignation of CFO
Trex, manufacturer of railing, fencing and composite decking, has announced the resignation of senior vp and CFO Paul Fletcher, effective Sept. 7.
Fletcher is departing the company to take a position with a privately held technology firm in the Washington, D.C., metropolitan area, the company said.
“All of us at Trex appreciate Paul’s many contributions over the past six years and extend our best wishes as he pursues this new career opportunity,” said CEO Andrew Ferrari. “We have initiated a national search for qualified candidates for the CFO position.”
Trex is based in Winchester, Va.
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Class action lawsuit to proceed against Lowe’s
A California state court of appeals has granted class action status to a group of current and former Lowe’s employees suing the retailer for unpaid overtime. The California Appellate Court 2nd District reversed a lower court’s decision, clearing the way for the case to proceed on behalf of hourly workers employed by Lowe’s since Oct. 29, 1997.
The original complaint, filed in Los Angeles Superior Court in 2001, claims that Lowe’s restricted or refused to pay overtime but required employees to work “off the clock” until their assignments were complete. The Los Angeles trial court ruled in 2003 that the case should be adjudicated on behalf of individual plaintiffs. It also denied a motion to compel Lowe’s to provide the names and addresses of all its hourly California employees.
The three-person appellate panel disagreed, granting class action status to that case. The potential number of plaintiffs could exceed 25,000 people, according to court documents.
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RONA spars with Greenpeace over forestry issues
Following a report from environmental group Greenpeace condemning 35 major retailers — including RONA — for buying wood logged from upper Canada’s Boreal Forest, RONA issued a statement saying “sustainable development” has long been a priority of the Canadian home improvement retailer.
“The company has a responsible purchasing policy that applies to all of its products,” RONA said in a statement. “With respect to forest products, the company does not buy any product derived from endangered species and favors the purchase of products that bear Forest Stewardship Council (FSC), Canadian Standards Association (CSA) and Sustainable Forestry Initiative (SFI) as well as ISO 14001 certifications.”
RONA said it has planned to release a “sustainable development plan” in October. The company also said it has been in talks with forest protection groups, including Greenpeace, while developing the plan.
Greenpeace named several other companies, including Toys”R”Us and Best Buy, as being customers of logging and pulp companies that the organization said contribute to “destructive logging” in Canada’s Boreal Forest. The forest is one of the largest intact forest ecosystems in the world.
The Greenpeace report also blames the government of Ontario for protecting less than 9 percent of the forest, and the government of Quebec for protecting less than 5 percent from industrial development.
RONA is one of Canada’s largest distributors and retailers of home improvement products, with 671 franchise, affiliate and corporate stores.
It seems like no one has a
It seems like no one has a sure idea of who's to blame for the logging problem. What I do know is that North America is no longer the powerhouse for home improvement products manufacturing that it use to be. Ontario needs to fix this issue in a timely matter so that North America does not fall further behind. www.sabineshome.com