Content about CEO

September 16, 2014

Sears Holdings (SHLD) dropped 9.40% on Tuesday after filing for a $400 million loan from CEO Edward Lampert's hedge fund.

September 16, 2014

Joy Seitz, CEO of Scottsdale-based American Solar & Roofing, is joining the ranks of Seattle-based minimum wage advocates by making bold moves with the company's family-leave policy.

The residential roofing and solar services company is now extending one month of paid family leave to its employees, placing it among the 17% of U.S. employers that offer any level of paid family leave.

September 16, 2014

The embattled Sears Holdings is taking all the help it can get, even if that means reaching into the pockets of its CEO, Edward Lampert.

According to an SEC filing submitted on Monday, the retailer is securing a $400 million loan from ESL Investments, Lampert's hedge fund, which will be used for as-of-yet unspecified purposes.

Lampert -- and by extension, ESL Investments -- currently stands as Sears Holdings' biggest shareholder. However, ESL lowered its stake in Sears less than a year ago due to pressure from wary investors.

September 12, 2014

El Segundo, California-based Henry Company acquired West Development Group, based in LaGrange, Ohio, which specializes in silicone and spray polyurethane foam roofing technologies for commercial and residential applications. 

The strategic acquisition of WDG reinforces Henry’s core business of Building Envelope Systems and enhances its ability to deliver custom solutions for the benefit of the owner, occupant and environment, the company said.

September 10, 2014

Electrolux CEO Keith McLoughlin has three major reasons for believing that the company’s deal to acquire GE Appliances will position his company to succeed in an increasingly global and competitive industry.

He shared those reasons, along with additional “flavor” on the $3.3 billion appliance mega deal, shortly after its announcement.

September 10, 2014

European home improvement retailer Kingfisher has found a new CEO in Veronique Laury, formerly the head of the company's French unit, Castorama.

Laury will fill the shoes of Ian Cheshire, who served as chief executive for nearly seven years and is stepping down by the end of 2014. She will also become the fifth female CEO in Britain's FTSE 100 index of blue chip companies.

September 5, 2014

Home Depot says it continues to study its Internet security amid signs of a data breach.

During a presentation at a Goldman Sachs retailing conference this week, Home Depot CEO Frank Blake hit the topic head on.

September 4, 2014

BMC is opening the doors to its newest BMC Design Center in Fort Worth, Texas, where designers, architects, builders and home buyers are invited to get a hands-on, multimedia feel for their interior design options.

September 3, 2014

Porch.com has issued its latest quarterly Porch Data Trends Report, which leverages the home improvement site's data to help homeowners stay abreast of trends in the industry. 

August 28, 2014

The American Wood Council CEO Robert Glowinski said the AWC is hopeful about a plan to harmonize green building standards.

In a statement issued Thursday, Glowinski said:

“The American Wood Council is hopeful about the recently announced strategy to harmonize ASHRAE 189.1, IgCC and LEED into a standardized tool. While the streamlining strategy presented is encouraging, its success will depend on whether the leadership of the organizations provides the direction necessary to carry-out the coordination as envisioned. 

August 27, 2014

Austin, Texas-based GelPro is rolling out the red carpet beneath the feet of home chefs -- or at least a mat that's comfortable to stand on.

August 22, 2014

While describing his company’s second-quarter sales performance, Lowe’s CEO Robert Niblock offered an economic forecast tinged with optimism.

August 21, 2014

The Home Depot announced that current CEO Frank Blake will be passing the torch to Craig Menear this fall.

Menear, who is currently serving as president U.S. retail, will take over as CEO and president as of Nov. 1, 2014. He has also been elected to the company's board of directors, effective immediately.

August 21, 2014

Aurora, Ill.-based LBM dealer Alexander Lumber Co. named Russell Kathrein as CEO and president.

Kathrein has 25 years of experience in the lumber and building material industry, including senior management positions at 84 Lumber, BMC West, and most recently, ProBuild.

Alexander Lumber operates 20 yards in Northern Illinois and Southern Wisconsin, along with two truss plants and a counter-top facility.

August 19, 2014

It’s no wonder The Home Depot CEO Frank Blake was smiling wide in his ALS Ice Bucket Challenge video. He and his leadership team were about to report second quarter net earnings in excess of $2 billion.

“We saw broad based growth in the quarter across all of our geographies,” Blake said during the company’s second quarter earnings call Tuesday morning.

August 19, 2014

Not long after its $2.8 billion merger with Weyerhaeuser Real Estate Company (WRECO), TRI Pointe is making a significant expansion in the form of 649 lots throughout seven new communities in California, Nevada, Washington state and Virginia.

August 13, 2014

The Merit Distribution Group today formed a joint venture partnership with Exciting Windows, supplier to independent window covering business owners.

Exciting Windows will function as an integral part of the Merit Décor Group division of Lancaster, which provides independent business owners with value-added decorative products, programs and services. Steve Bursten, CEO, and Steve Wishnow, President, will continue to lead Exciting Windows under this new joint venture. Both have been with the company since its inception 10 years ago.

August 13, 2014

Gina Schaefer, CEO of nine-store, D.C.-area Ace chain A Few Cool Hardware Stores, was recognized recently as a top female CEO during the SmartCEO Brava! Awards.

Schaefer was among 32 women (of 200 applicants) recognized by Washington SmartCEO Media during the July 30 ceremony.

Schaefer has been at the helm of the Ace chain since opening her first hardware store in 2003. Today, she sits on the Ace Hardware Corporate Board and is the board president for Think Local First D.C., a board vice chair for House of Ruth and a member of the Advisory Board for Jubilee Jobs.

August 11, 2014

Scotts Miracle-Gro Company has named StudentsFirst CEO Michelle Johnson to its board of directors, effective immediately.

Johnson will serve on the company's Compensation and Organization and Innovation and Marketing Committees; her term expires in 2015.

August 6, 2014

Trex CEO and president Ronald Kaplan gave a few words on the company's recent entry into a new development project in Dubai -- what will eventually be the Emirate's longest boardwalk.

"We are honored to have been chosen to be part of such a significant and beneficial endeavor," said Kaplan. "This project marks a major milestone for Trex as the Corniche represents one of the largest uses of Trex decking in a single public installation. Selection of our Transcend product is a testament to the proven quality and durability of Trex offerings.

July 29, 2014

Online home furnishings company Wayfair has added e-commerce expert Romero Rodrigues to its board of directors.

Rodrigues, a 36-year-old Brazil native, is currently global CEO at South African company Naspers, which acquired his company Buscape in 2009 for $374 million.

“E-commerce is an exciting, fast growing market sector in the world's economy and Wayfair is poised to be a major player in that growth,” Rodrigues said. “I am delighted to join Wayfair's board of directors and look forward to contributing to the company's continued success.”

July 28, 2014

Armstrong World Industries fell short of its stated goals in the second quarter, leading in turn to a lowered full-year guidance for 2014.

"Despite soft sales, we delivered second-quarter adjusted EBITDA in the middle of our guidance range," said CEO Matt Espe. "The softer-demand environment we experienced in the quarter and first half of 2014 has tempered our outlook for the back half of the year."

July 25, 2014

Todd Dickson has been named CEO at Cincinnati-based home improvement company Champion Home Exteriors, which spans more than 70 locations nationwide.

Dickson will be replacing James Mishler, who has been leading the company as CEO since 2012.

July 25, 2014

Walmart named Greg Foran president and CEO of its U.S. stores division to replace Bill Simon, who is leaving the company after an eight-year run.

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