TRI Pointe Homes gets 5 new board members
In accordance with its recent expansion in joining forces with Weyerhaeuser Real Estate Company, TRI Pointe Homes, Inc. added five new members to its board of directors.
Former Weyerhaeuser and WRECO CEO Daniel Fulton, Starwood Capital Group senior managing director Christopher Graham, former Weyerhaeuser SVP Wood Products Lawrence Burrows, former BRE Properties CEO Constance Moore and Dean Bradley Osborne partner Kristin Gannon are the newest directors on the company’s board.
In turn, the terms of J. Marc Perrin, Richard Bronson and Wade Cable have all expired, making the net change effectively plus two. The board now stands at nine members.
“We are extremely pleased to welcome Dan, Chris, Larry, Connie and Kristin to our board of directors," said CEO Douglas Bauer. "Our new board members bring executive leadership, operational experience and deep industry connections to the board room.”
Marcone Canada hires president
Appliance parts distributor Marcone Canada hired Peter Szachlewicz as its first president.
Marcone Supply, the company’s U.S. counterpart, established a presence in Canada with its 2010 buyout of APWagner. Since that time, Marcone Canada has experienced growth in both its retail and wholesale operations, the company said, selling authorized OEM appliance parts, HVAC components and property maintenance supplies.
Szachlewicz comes to Vaughan, Ontario-based Marcone Canada with 15 years of sales and executive experience in the appliance business, serving as GM of Small Appliances at Electrolux Home Care Products and brand and product sales manager at the Whirlpool Corporation before that.
“Because of the quick expansion we’ve seen throughout North America and our plans to push further, it was time to bring in some expert talent at the highest level to guide Marcone Canada going forward,” said Dave Cook, SVP of Marcone Supply. “Peter has experience, commitment and deep roots to Canada and this industry — exactly what we were looking for in a president.”
“I’m excited about joining Marcone Canada and honored to be leading a great group of people,” said Szachlewicz. “We have an exciting opportunity to bring innovative services and solutions to the appliance business. I look forward to growing our business in Canada, and more importantly, to helping our customers grow as well.”
Fastenal sales up 12.1% in Q2
Winona, Minnesota-based Fastenal Company reported steady progress for the second quarter of 2014, with sales and earnings both positive.
Net sales for the three-month period ended June 30, 2014 were $949.9 million, up 12.1% from the same period in 2013.
Net earnings came in at $130.5 million, an increase of 7.9% from last year’s $121.0 million in earnings.
The company largely attributed the boost to higher unit sales and its recent investment in leadership and training, as well as in distribution and internal manufacturing capabilities.
Fastenal also noted eight store closings during the second quarter, with more identified for closing in the second half of the year. The company opened 17 stores in the first six months of 2014, with 35 to 40 openings expected in total for the year. Fastenal’s total store count stands at over 2,600 across North America.