USG announces image makeover
As part of a brand image makeover, Chicago-based USG Corp. introduced a new logo with the tagline: "It’s Your World. Build It.”
Also part of the branding moves, USG and its Canadian subsidiary, CGC, are “activating” the new brand through four-year sponsorships of both the U.S. Olympic and Paralympic Teams and the Canadian Olympic Team. USG and CGC are now the official building materials sponsors of Team USA and the Canadian Olympic Team. L&W Supply Corp., the company’s distribution subsidiary, becomes the official building materials provider of Team USA.
"Over the past five years, we made several strategic moves to make USG a stronger, more agile company," said chairman, president and CEO James S. Metcalf. "We are focused on things that matter to our customers: product innovations, expansion into key international markets, and making it easier to do business with us.”
USG’s U.S. sponsorship includes the donation of innovative building materials, such as sheetrock Brand UltraLight Panels Firecode 30 for the new High-Performance Center at the Colorado Springs Olympic Training Center, set to open in early 2014.
In its most recent quarter, USG posted net sales of $916 million, up 15% from the same quarter in the previous year. Also in the most recent quarter, the company earned $25 million in net income, compared with a $57 million net loss in the prior-year quarter.
Beacon shifts HQ to its Herndon, Va., corporate offices
Beacon Roofing Supply is moving its corporate headquarters from Peabody, Mass., to its Herndon, Va., corporate offices at 505 Huntmar Park Dr.
Beacon president and CEO Paul Isabella cited the start of the 2014 fiscal year, as well as the recent appointment of CFO Joe Nowicki, as fortuitous circumstances for relocation.
"Having Beacon’s finance team join our human resources, information technology, legal, and sales and marketing team leaders in Herndon, Virginia for the first time will allow us to provide even more effective support for our operating regions through more efficient communication and improved team building, exchange of ideas and personal interaction," added Isabella. "This is a small but important step in executing our long-term growth plan.”
Beacon currently operates 236 branches across 39 states and six provinces in Canada.
Masonite elects Rick Mills to its board of directors
Rick J. Mills has been appointed a member of Masonite International’s board of directors, as well as the board’s Audit Committee, effective immediately.
“I am honored to join the Masonite Board and work with this exceptional team,” Mills said. “Masonite has been a leader across the door industry for decades and I look forward to sharing my experiences and contributing to the future direction and growth of the company.”
Mills, who was formerly corporate VP and president of the Components Group of Cummins, represents the Board’s eighth member and will replace chairman Robert J. Byrne, who resigned from the Audit Committee.
“Rick brings a wealth of experience from his extensive involvement with a successful global manufacturing company," said Byrne. "He is a welcome addition to our Board."
Mills had a 37-year run with Cummins in various financial and operational capacities. He also serves as a director of Commercial Metals Company and Flowserve Corporation.