Content about CEO

December 15, 2014

Armstrong World Industries is breaking it off with its European flooring business as well as discontinue funding for its DLW subsidiary, which filed for insolvency in Germany as a result.

"Our difficult, but necessary, decision to exit the European flooring business and discontinue funding our DLW subsidiary in Germany was the culmination of a comprehensive evaluation of strategic alternatives following years of disappointing results, multiple restructuring initiatives and significant financial investments," said Armstrong CEO Matthew Espe.

December 14, 2014

The former FBI agent and current CEO of Chicago-based True Value Company went undercover on the CBS TV show "Undercover Boss" broadcast Sunday night. 

After driving a forklift, working a cash register and helping customers on the floor, John Hartmann uncovered himself as president and CEO during a reveal that packed an emotional punch. 

[See 10 moments from the CBS episode here.]

December 11, 2014

Porch.com CEO Matt Ehrlichman was named the USA Today Entrepreneur of the Year for 2014.

Key criteria of the award included exhibiting significant growth this year and solving a consumer problem.

Ehrlichman won the honor after a team of USA Today editors sorted through 10 finalists.

December 10, 2014

In a move that's partially a response to its recent acquisition of Indesit Company, Whirlpool Corporation has made some changes to its leadership ranks in the Europe, Middle East and Africa (EMEA) region).

Whirlpool EMEA's president, Esther Berrozpe, will take over the company's integrated European business -- the combined operations of Whirlpool and Indesit -- beginning Jan. 1. 

Additionally, Marco Milani has announced his plans to step down from his position as Indesit's CEO, effective Dec. 31.

December 5, 2014

Larry Stone of former Lowe's fame has been elected to serve as an independent member of the board of directors for At Home, a home decor retailer based in Plano, Texas.

"Retail industry veteran Larry Stone makes the perfect addition to the At Home board of directors," said Lee Bird, CEO of At Home. "His proven experience operating large-format stores and growing a retail chain from regional to national scale brings unique and valuable perspective to our brand."

December 5, 2014

The last quarter was a tale of two divisions for Hoffman Estates, Illinois-based Sears Hometown and Outlet Stores, Inc.

The company's Outlet division's comparable store sales jumped 9.3%. But the more hardware-oriented Hometown stores saw comp-store sales decline 6.2%.

Overall, the 1,257 locations of Sears Hometown and Outlet Stores saw comps decline 2.3% for the quarter, in which its operating loss was $173.6 million.

December 4, 2014

American Solar Direct, a Los Angeles-based solar provider in California, is installing free solar energy systems in homes built by Homes for Our Troops in a new partnership with the organization.

December 4, 2014

Sears Holdings reported a third-quarter loss, though one not as wide as economists expected.

As the retailer has been posting months of consecutive losses and sales declines, CEO Edward Lampert stressed the steps it was taking to minimize its expenses and generate more revenue.

December 2, 2014

HD Supply and The Home Depot today announced they have entered into an agreement for The Home Depot to purchase substantially all of the assets of HD Supply Hardware Solutions, formerly known as Crown Bolt, a leading supplier of fasteners and builders hardware to retailers in the United States. 

Terms of the deal were not disclosed. The transaction is expected to close by the end of fiscal year 2014 subject to obtaining customary regulatory approvals.

December 2, 2014

El Segundo, California-based Henry Company, makers of building envelope systems, named former Armstrong chief Frank Ready as CEO.

Prior to joining Henry Company, Ready was Executive Vice President of Armstrong Worldwide and CEO of Armstrong Floor Products Worldwide. He was with Armstrong for 30 years and served successfully in a variety of senior leadership roles in the organization throughout his career. 

December 2, 2014

Pope Resources has officially appointed Thomas Ringo to the role of permanent CEO following a six-month stint as the company's interim chief executive.

"We are pleased to announce that we have selected Tom to lead the organization," said lead director Douglas Norberg. "He has a thorough knowledge of the timber industry, and his experience with our real estate portfolio and fund investors is exceptional. We are fortunate to have an internal candidate of Tom's caliber."

November 25, 2014

GE has appointed four new executives, three of which are brand new to the company. The move expands GE's total number of officers to 196 globally.

Harel Kodesh is now VP, CTO GE Software. He is joining the company from Nurego, where he served as CEO and founder. He has also held exeuctive roles with EMC Corp.’s Cloud business; Mozy, an EMC subsidiary; and Amdocs.

November 25, 2014

A subsidiary of Universal Forest Products, Inc. has acquired an 80% interest in certain assets of Packnet, Ltd., an industrial packaging and services supplier headquartered in Eagan, Minnesota.

The deal includes the option to purchase the remaining 20% of interest in three years. Packnet owner and CEO Mike Nyberg will remain in place at the head of the operation.

November 24, 2014

True Value CEO John Hartmann had a lot of respectable and dignified things to say about his upcoming role on the CBS series "Undercover Boss." But, if the show's established formula is any indication, things are bound to get emotional for the co-op and its leader. If he's like most CEOs who go undercover, we'll probably see him get a little misty-eyed.

Worse things have happened on the show.

November 21, 2014

Event organizers selected a new backdrop for the 11th consecutive Distribution America/PRO Group 2015 Executive Planning Conference -- the towering Santa Rosa Mountains of California. But the focus was the same: business, buying and networking for the two-step distribution channel.

And during the Nov. 18-20 event held in Palm Desert, nine items earned the title "Best New Product Award" winner, ranging from a digital shower head to bacon jerky to a battery-powered reciprocating saw.

November 20, 2014

Tampa, Florida-based Anvil Paint & Coatings promoted Glenn R. Roth to the position of CEO. 

Roth has worked to develop the Anvil brand for 16 years, and in that time has been present for Anvil’s most recent expansions as the company now occupies more than 55,000 square feet on five acres to produce for national paint sundries and market channels. 

November 18, 2014

Another quarter, another billion-and-a half dollars in earnings for the world’s largest home improvement retailer.

In spite of a widespread data breach and with a new CEO at the helm, the Home Depot reported sales of $20.5 billion for the third quarter of fiscal 2014, a 5.4% increase from the third quarter of fiscal 2013. Comparable store sales for the third quarter of fiscal 2014 were positive 5.2%, and comp sales for U.S. stores were positive 5.8%.

November 16, 2014

US LBM Holdings acquired K-I Lumber & Building Materials of Louisville, Kentucky, bringing  the US LBM footprint to 90 locations across 14 states.

The move pushes the number of US LBM divisions 15, and brings into the fold a territory with which US LBM CEO L.T. Gibson is familiar – Kentucky and Southern Indiana.

November 13, 2014

Oklahoma City-based building products distributor Cedar Creek will soon open a new location in Lubbock, Texas. 

The company already serves 32 states from 24 total facilities.

According to Cedar Creek's CEO Bill Adams, "Although we have serviced West Texas for many years from other locations, having a local branch will enable us to provide even better service to these important customers." 

November 11, 2014

PPG Industries announced that Marcos Achar Levy, previously chief executive officer of Comex, has been appointed vice president, architectural coatings, Mexico, and CEO, PPG – Comex. He will report to Michael McGarry, PPG chief operating officer. 

PPG previously announced it had completed its acquisition of Comex.

November 7, 2014

Fastenal CEO Willard Oberton has officially tendered his resignation to the company's board of directors, which has already named a successor in president Leland Hein Jr.

Hein has been with the company since 1985 and has held various sales and managerial roles, including general manager, district manager, regional VP and EVP sales. He has been serving as president since July 2012.

Oberton gave his notice on Nov. 3, stating that he plans to resign, effective Dec. 31, 2014. Hein will step into his new role on Jan. 1.

November 6, 2014

The Scotts Miracle-Gro Company created the Hawthorne Gardening Company, a wholly owned subsidiary focused primarily on the emerging areas of indoor and urban gardening products.

November 6, 2014

Boise Cascade Company has elected David Hannah, CEO of Reliance Steel and Aluminum Company, to its board of directors. He will serve on the Compensation Committee and Corporate Governance & Nominating Committee.

"David has had a very successful career in both manufacturing and distribution and provides a unique perspective on how we can effectively grow Boise Cascade," said Boise Cascade chairman Duane McDougall.

November 6, 2014

Builders FirstSource has promoted Chad Crow, previously its SVP and CFO, to the title of president and COO.

November 6, 2014

As Fortune Brands reported third-quarter sales and earnings growth, CEO Chris Klein said the company expects to see more in the coming months, despite slightly disappointing economic data.