Content about finance

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.

January 28, 2013

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

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.

July 2, 2012

A proposed 1% additional sales tax on selected lumber products that was part of Governor Jerry Brown’s attempt to close a state budget gap has been dropped, much to the relief of California LBM dealers. The tax pitted retail lumber sellers against lumber producers by shifting fees the timber industry currently pays to its customers.

May 20, 2012

A May 16 report from the Mortgage Bankers Association added another bright note to the housing market, with the percentage of U.S. homeowners behind on their mortgages falling to the lowest level since 2008. The delinquency rate for residential mortgage loans decreased 7.4% during the first quarter of 2012.

Foreclosures are not improving at the same rate, however. The percentage of loans in the foreclosure process as of March 31, 2012 was 4.4%, relatively unchanged from the previous quarter and down one basis point from 4.5% a year ago.

May 18, 2012

A May 16 report from the Mortgage Bankers Association added another bright note to the housing market, with the percentage of U.S. homeowners behind on their mortgages falling to the lowest level since 2008. The delinquency rate for residential mortgage loans decreased 7.4% during the first quarter of 2012.

Foreclosures are not improving at the same rate, however. The percentage of loans in the foreclosure process as of March 31 was 4.4%, relatively unchanged from the previous quarter and down one basis point from 4.5% a year ago.

May 14, 2012

By August 2012, U.S. businesses that sponsor fully insured group health plans could share millions of dollars in rebates from health insurers who spent more on administrative expenses and profits than allowed by the Patient Protection and Affordable Care Act (PPACA), finds an analysis from the not-for-profit Kaiser Family Foundation.

© 2014 Home Channel News. All Rights Reserved.