USG teams up with Boral Limited in joint venture
USG Corporation announced its 50/50 joint venture with Boral Limited, to be named USG Boral Building Products, as part of a strategic move to synergistically blend their branding, geographic impact and expertise in the burgeoning plasterboard market in Asia, Australasia and the Middle East.
The venture will include Boral’s Gypsum division, which includes its plasterboard operations in Australia and Asia, as well as USG’s Asian and Middle Eastern businesses. Additionally, USG will contribute exclusive access to its competitive products and technologies.
“We are excited by the prospects for profitable growth through this strategic partnership," said USG chairman, president and CEO Jim Metcalf. "We have long been focused on our strategic plan to diversify our earnings and differentiate our business through innovation. The joint venture with Boral, Asia’s leading plasterboard manufacturer and distributor, gives USG the reach to immediately expand our world-leading building products operations outside North America, and enables both companies to more effectively capitalize on market opportunities in some of the world’s highest growth construction markets."
New technologies will be introduced over the course of the next two years by the joint venture, which will self-fund its investment of $50 million. Synergies are expected to exceed the initial pricetag within three years.
Frederic de Rougemont, CEO of Boral Gypsum, will be the appointed CEO of the joint venture.
Paige Wittman promoted to VP sales at Andersen
Andersen Corporation has promoted Paige Wittman, previously director of sales for the East Division, to VP sales.
In her newly created role, Wittman will oversee nationwide sales for all Andersen window and door operations.
“Paige brings energy and enthusiasm to this new role along with her drive for results,” said Andersen chief sales and marketing officer Sal Abbate. “She has been a big part of our Northeast success this year and I look forward to expanding her leadership across our entire dealer network.”
In her time at Andersen, Wittman has helped develop the Accessories business unit and managed sales and strategic accounts, as well as the Western Division. Additionally, she helped roll out the successful Andersen 100 Series, created a new business planning process for dealers, drove local promotions and transitioned the New England market from distributor Brockway-Smith.
Previous to her tenure at Andersen, Wittman worked as director of retail & dealer development at Polaris Industries.
Osram Americas appoints Jes Munk Hansen as CEO
Munich, Germany-based Osram has appointed Jes Munk Hansen as the new CEO of its Americas business, as well as president and CEO of Osram Sylvania, effective Oct. 16. He replaces Rick Leaman, who has left to pursue other interests.
"Jes Munk Hansen is the ideal choice to lead Osram’s Americas business," said Wolfgang Dehen, CEO of parent company Osram Licht AG. "His many years of experience of introducing new energy efficient products and profound understanding of the American market are a powerful combination. His appointment will further strengthen our leadership position at a time where new regulatory standards and new technologies are redefining our industry."
Hansen will be responsible for all Osram operations in North, Middle and South America, primarily in the capacity of transitioning the business to energy-efficient LED-based lighting products.
He brings 13 years of experience serving in leadership roles at Grundfos, where he was recently CEO and president of Grundfos North America. Under his watch, the company experienced robust growth, and he has a track record for innovation in sustainability and energy-efficiency.
"I’m very proud to join Osram," said Hansen. "The growing market demands for energy-efficient products combined with landmark technological innovation are radically reshaping the lighting market. I’m excited to bring in my experience to this heritage-rich lighting brand and fully realizing the opportunities ahead."