Content about Finance

August 22, 2014

Cary Dunston has been named president and COO at American Woodmark Corporation, in which role he will assume the added responsibility for the company's finance and information technology operations.

July 30, 2014

The Home Depot has promoted Ted Decker to the position of EVP merchandising, where he will take the helm of the company's merchandising strategy and operations. Effective Aug. 4, Decker will transition from his most recent role as SVP retail finance and begin reporting to Craig Menear, president U.S. Retail.

Decker has been with the company for 14 years, during which time he played an integral role in the company's merchandising transformation and led the implementation of new pricing and analytics processes.

July 29, 2014

Michael Costello has been named senior VP finance and treasurer of Gilbane Building Company, which provides construction and facilities-related services. He will be based out of the company’s Providence, Rhode Island, headquarters and will lead the Finance organization for the company.

July 22, 2014

Lexington, Kentucky-based Tempur Sealy International has promoted Barry Hytinen to the title of EVP corporate development and finance.

"Barry's contributions to Tempur Sealy have been significant and broad reaching," said president and CEO Mark Sarvary. "In particular, his leadership was critical to all aspects of the transformative Sealy acquisition and integration. On behalf of the board of directors and our entire company, I am pleased to congratulate Barry on his well-deserved promotion."

June 27, 2014

Installation and finishing systems manufacturer Laticrete has promoted Janet Brunwin to VP finance.

Brunwin's new responsibilities will include overseeing the company's long-term financial strategies, as well as provide oversight for corporate finance, annual financial plans and budgets, and the company's accounting, financial, tax and IT operations.

May 16, 2014

Cemex has announced two successors to the late Lorenzo Zambrano's title as chairman and CEO of the company.

The board has unanimously appointed director Rogelio Zambrano as chairman and former EVP finance and administration Fernando Gonzalez as CEO, effective immediately.

The move came swiftly after the passing of longtime chairman and CEO Lorenzo Zambrano, who died unexpectedly on Monday during a business trip in Madrid.

April 17, 2014

Marysville, Ohio-based Scotts Miracle-Gro Company named Randy Coleman as executive VP and CFO.

Coleman replaces Larry Hilsheimer, who has left the company after slighlty more than a year in his role.

Chairman and CEO Jim Hagedorn described Coleman as a better fit for the position.

March 21, 2014

RGS Energy, a Louisville, Colo.-based manufacturer of solar energy products, has named Dennis Lacey SVP finance.

In his new role, Lacey will be responsible for implementing and managing the company's residential lease financing program. 

March 12, 2014

ProBuild Holdings has named Jeff Pinkerman as chief financial officer.

February 10, 2014

Sports Authority has hired Jeremy Aguilar as CFO. Aguilar, who most recently served as CFO of h.h. gregg, replaces former Sports Authority CFO Tom Hendrickson, who retired from the company. 

“Jeremy’s expertise in finance and accounting will play a critical role in further strengthening Sports Authority,” said CEO Michael E. Foss. “He will be a valuable asset to the team; we are thrilled to have him on board.”

December 13, 2013

If your worksite is packed with employees earning more than $100,000 a year, here’s the good news: Your company is more likely than others to host a holiday party, serve alcohol at an open bar and offer transportation to those who overindulge. 

Here’s the bad news: Your organization is least likely to enforce rules about party behavior, and your workers are most inclined to act inappropriately during the festivities and then be disciplined for it later on. 

November 6, 2013

Armstrong World Industries has announced several changes to its management structure, which are scheduled to go into effect Nov. 16.

Most notably, Armstrong Flooring Products CEO Frank Ready will be retiring after 30 years with the company. Armstrong CFO Thomas Mangas will take his place, who will in turn be succeeded by Armstrong Building Products VP finance David Schulz.

September 16, 2013

Thomas Wright has been appointed to the executive VP and CFO title at Sterling Construction, effective Sept. 25.

Wright will be replacing Kevan Blair, who will transition into the role of senior VP of corporate finance.

September 10, 2013

Closeout retailer Tuesday Morning Corporation has appointed Jeffrey Boyer as executive VP, CAO and CFO of its upscale operations, effective immediately.

Boyer, who has over 30 years of retail, finance and accounting experience, will be replacing EVP/CFO Stephanie Bowman and filling an existing vacancy for CAO.

September 10, 2013

Solar manufacturer SolarWorld is rolling out its new Freedom Plan, designed to support the usage of American-made solar panels for homeowners in Hawaii.

In a nutshell, the program will allow homeowners to replace a portion of their electricity bills with a low monthly payment for solar power and guarantees the use of American-made panels. Users can receive the plan together with a complete solar-electric system from SolarWorld, which includes photovoltaic equipment, installation, monitoring services, system insurance and maintenance for up to 20 years.

August 16, 2013

Having a social media policy -- and training employees to follow it -- are critical practices for every organization. Even if your company is not using social media, you still need a policy because your employees are using it in their private lives and they need guidelines to protect your interests and your organization’s reputation.

Before creating a social media policy, employers should decide what they want to get out of social media, advises Eric Meyer, a partner in the labor employment law group of Dilworth Paxson LLP.

February 13, 2013

West Chester, Pa.-based Metabo, a manufacturer of professional-grade portable electric power tools and abrasives, promoted four individuals to newly created and existing positions.

West Chester, Pa.-based Metabo, a manufacturer of professional-grade portable electric power tools and abrasives, promoted four individuals to newly created and existing positions. 

The changes, effective immediately, are a strategic move in preparation for company-wide growth in 2013, according to Martin Cross, president of Metabo.

January 28, 2013

Scotts CFO Dave Evans resigned from the lawn and garden giant to join a nonprofit research company.

Marysville, Ohio-based Scotts Miracle-Gro announced that Dave Evans has resigned as chief financial officer and executive VP and has accepted a similar role with Columbus-based Battelle, the world's largest nonprofit research and development organization.

Evans joined Scotts Miracle-Gro as director of finance for operations in 1993 and moved through several roles before being named CFO in 2006.

January 15, 2013

Wood Resources, a company that makes wood panels for residential and commercial construction, has appointed Kurt Liebich as president and CEO, as well as group executive for wood products for parent company Atlas Holdings. Liebich will also continue in his current role as president and CEO of RedBuilt, Atlas’ wood-based structural solutions company.

December 13, 2012

HCN editors have been listening with interest to Peter Alexander, the chief executive of BMC, since his days as chief executive of another U.S. building supply company. (Check out our October 2007 profile.) Today his company is larger, the stakes are higher, and his influence on the industry in general is greater. And, he’s still interesting.

August 16, 2012

Owens Corning has named Michael McMurray as senior VP and chief financial officer, effective immediately, to replace Duncan Palmer, who is leaving the company to join Reed Elsevier, a U.K.-based company.

McMurray, 47, joined Owens Corning in 2008 as VP and treasurer. His most recent position was VP finance leader of the company's $3.5 billion building materials group. Prior to joining the Owens Corning, McMurray was finance manager of America’s Lubricants for Royal Dutch Shell.

August 15, 2012

When given a choice, most Americans with traditional health coverage say they chose that option because it offered a good network of providers, according to research findings by the not-for-profit Employee Benefit Research Institute (EBRI).

In contrast, among those with high-deductible consumer-driven health plans, most cited the lower premiums and opportunity to save money in a health savings account (HSA) or health reimbursement arrangement (HRA).

August 10, 2012

A new report shows a 21% annual increase in cash balance "hybrid" retirement plans in the United States between 2009 and 2010 (the most recent year for which IRS reporting data is available), almost double the previous year’s 11 percent growth rate. Cash balance plans continued to outpace all other sectors of the retirement plan market, according to the 2012 Cash Balance Research Report from Kravitz, a provider of retirement plan management services.

August 1, 2012

Employee morale
The following is a response to the article, “Unhappy employees are staying put.”

“[Unhappy employees are] soon to be going, or at least when the economy improves — that’s when they will leave in droves because of extreme low pay and lack of respect from employers. Why wouldn’t they? No one likes being used or abused. Do you?”
— Rick Heath

July 2, 2012

Warren Buffett, the head of investment firm Berkshire Hathaway, has denied press reports that he replaced the CEO of subsidiary Benjamin Moore because of a company-paid yacht trip to Bermuda.