Mills Fleet Farm names new CEO
Mills Fleet Farm has ended its hunt for a CEO.
The Midwest retailer announced the appointment of Derick Prelle as president and CEO succeeding Wayne Sales, who has been serving as interim chief since January 2017. Sales was given the position following the departure of Duncan MacNaugton, who left to become president and COO of Family Dollar.
Prelle joins Mills Fleet Farm from KKR Capstone, which acquired the formerly family-owned Mills Fleet in January 2016. As managing partner – Americas, Prelle ran KKR’s retail and consumer operations group over the past decade. He has worked closely with Mills Fleet in his role working with KKR’s portfolio companies.
Prelle also has significant experience working in the retail sector from his role as an associate partner in McKinsey & Company’s retail and consumer practice. In these two capacities, he has led significant transformation efforts at companies, including Dollar General and National Vision.
“Every day since I first started working with Mills Fleet Farm over a year ago, I’ve found myself continuing to be more and more excited to be a part of the Mills Fleet Farm story – one of an authentic brand, an incredibly differentiated concept, an exceptional leadership team and customer loyalty that spans generations,” said Prelle.
Effective today, Sales will return to Mills Fleet Farm’s board and serve as a special advisor to the company’s management team.
Founded in 1955, Mills Fleet is a value-based retailer of lifestyle merchandise serving suburban and farm consumers. The retailer also offers a number of services such as convenience stores, gas stations, car wash and auto service. The company operates 36 stores located throughout Wisconsin, Minnesota, Iowa and North Dakota.
Market Recap: RISI Crow’s Construction Materials Cost Index
A price index of lumber and panels used in actual construction for June 9, 2017.
Western – regional species perimeter foundation; Southern – regional species slab construction.
Crow's Market Recap — A condensed recap of the market conditions for the major North American softwood lumber and panel products as reported in Crow's Weekly Market Report.
Lumber: Buyers began to step into the SPF market in greater numbers Wednesday morning after western mills floated prices for 2×4 #2&Btr in the $350s. Mills pressed quotes above the $360 level by Thursday and as high as $370. However, many prices ended lower after early discounting. Discounts in Southern Pine grew a little deeper and more prevalent as the week progressed. Still, much of the discounting remained moderate, often no more than $5. Rains in the South again constricted consumption in that region. Traders consistently mentioned the “horrendous” trucking situation. Coastal species mills managed to maintain some price levels while others remained soft and dropped early. Buyers often perceived the market to be on better footing, especially those participating in green Doug Fir. In the Inland region, the relative abundance of Hem-Fir logs to process has kept some pressure on the species, compounded by the fact that Canadian lumber is more abundant this year, creating a difficult market. Overall, stud pricing continued to gradually strengthen this week after show some signs of stabilization the week prior. SPF prices established firmer footing, with any discounting much more moderate than in prior weeks. Radiata Pine and Ponderosa Pine industrial lumber is having a difficult time generating further upward movement in prices because of some of the gaps that exist between the two major species involved. Despite the lack of changes in 4/4 Ponderosa Pine boards, the demand and current supply create a very steady marketing situation. The #4 Common still represents one of the strong segments of the board market, although price increases have paused in recent trading. he level of demand for Western Red Cedar remained lower than earlier this spring. A few producers voiced concerns over the rapid run up in prices this spring.
Panels: After OSB markets firmed last week, sources wondered whether this week would perk up. It did. Order files moved out mostly into July 3-10, though some wood is available sooner in the Southeast and Southwest. Some big blocks were sold, with buyers filling voids but still not taking aggressive positions. Activity in the Southern Pine market improved as buyers took inquiries and purchases to another level. Moderately improved sales reduced the amount of rated sheathing discounts and prompted mills to report few price changes and order files into the weeks of June 19 and 26. Western Fir plywood producers experienced better sales activity, but in some instances, mills accepted significantly lower prices to sell the volumes they needed to move. Other producers held more firmly to quotes and even raising them by the week’s end. Order files in the weeks of June 19 and 26 were typical. Canadian plywood took off and ran this week with a flurry of buying activity. The week started slow, and mills were resolute on ask levels. But the cycle of midweek discounting did not happen, and buyers appeared in droves by Wednesday afternoon. Particleboard and MDF producers reported steady sales overall. Mills continued to produce at strong rates.
PPG Paints launches Frank Lloyd Wright color palette
PPG Paints is celebrating Frank Lloyd Wright's 150th birthday with a special color palette dedicated in his name.
The collection is based on a palette developed by the architect in the 1950s and has been updated by PPG’s color experts in collaboration with the Frank Lloyd Wright Foundation.
“The PPG Paints brand Frank Lloyd Wright color collection consists of a blend of Wright’s carefully selected palette from the 1950s with additional modern colors and coordinating interior stain colors, showcasing how harmonizing the palette is even many years after its inception,” said Dee Schlotter, PPG senior color marketing manager. “Even the colors chosen more than 60 years ago stand strong today and coordinate with modern textiles and materials – a true testament to Wright’s timeless design sense.”
The collection is characterized by earthy neutrals, rich reds, greens, and browns.
PPG Paints colors that are new to the palette include: Moth Gray, a brown-gray blend that works well with granite and trending metals; Violet Verbena, a chameleon-like mix of violet, gray and blue that emulates the verbena flower and works well with neutral materials; and Antiquity, a classic butterscotch beige that ties in yellow-based woods used in many Wright-inspired designs.
“At PPG, we find inspiration everywhere, but especially in nature – just as Wright did,” Schlotter said. “The colors combine inspiration from some of Wright’s most iconic designs, such as the TALIESIN WEST and FALLINGWATER homes, with modern hues such as PPG Paints colors Blue Shamrock and Debonaire, helping consumers and designers to create harmony between humanity and the environment.”
The palette also includes interior stain colors that highlight the natural wooden elements he often used.
“Wright drew from two sources in determining his palette: the nature of the site, and the nature of the building materials,” said Lynda Waggoner, vice president and director of Fallingwater.