Universal Forest Products, Inc. (Nasdaq: UFPI) today announced changes intended to enhance the Company’s growth and profitability, including the addition of support around two areas of strong growth potential: international sales and product development. The changes are effective Oct. 1, 2011.
Universal has tapped a 20-year veteran, UFP Eastern Division President C. Scott Greene, to lead and manage both of these initiatives as Executive Vice President of New Business Development.
“Among the critical drivers for our growth and success is expanding our market and product mix. These are essential areas for Universal moving forward and there is no better person to lead those efforts than Scott Greene,” said CEO Matthew J. Missad. “Scott knows our company, has a proven track record of success in marketing, business development and leadership, and is eager to work in new ways to help Universal grow.”
“I am excited for the opportunity to use my knowledge and experience in these areas to grow our business,” said Greene. “Our goal is to leverage our resources and expertise to grow internationally and promote new product development, which are critical to Universal’s growth. I look forward to the challenges and to driving the desired results.”Universal will return to two geographic divisions from three. UFP Eastern Division, Inc. will be led by 34-year UFP veteran Robert Lees. Lees currently is president of the Atlantic Division, which will be absorbed into the Eastern Division. The Western Division will remain unchanged, headed by Division President Allen Peters. Missad said that the consolidation to two operating divisions is intended to enhance efficiencies and streamline the Company’s operations. “Bob has been the consummate professional during his tenure at UFP and has proven his ability and willingness to take on challenges and opportunities presented to him,” Missad said. “I’m confident he’ll help drive sales and profits in the east, and help us maintain the high standards that have been the hallmark of our success.”
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV