Edition:
United Kingdom

Universal Forest Products Inc (UFPI.OQ)

UFPI.OQ on NASDAQ Stock Exchange Global Select Market

38.02USD
23 Aug 2019
Change (% chg)

$-1.67 (-4.21%)
Prev Close
$39.69
Open
$39.62
Day's High
$39.73
Day's Low
$37.90
Volume
119,528
Avg. Vol
106,958
52-wk High
$42.00
52-wk Low
$24.14

Summary

Name Age Since Current Position

William Currie

71 2017 Independent Chairman of the Board

Patrick Webster

59 2009 President, Chief Operating Officer

Matthew Missad

58 2011 Chief Executive Officer, Director

Michael Cole

52 2018 Chief Financial Officer, Treasurer

Patrick Benton

49 2017 President, UFP Eastern Division - North

Allen Peters

51 2011 President of UFP Western Division, Inc

Jonathan West

48 2017 President, UFP Southern Division

Donald James

59 2011 Executive Vice President - National Sales

Robert Coleman

64 1999 Executive Vice President - Manufacturing

Chad Eastin

47 2016 Executive Vice President of Purchasing, Inc.

Charles Greene

62 2018 Executive Vice President - Strategy & Development

Michael Mordell

61 2016 Executive Vice President - International Operations

Joan Budden

57 2019 Independent Director

Bruce Merino

65 2009 Independent Director

Thomas Rhodes

57 2012 Independent Director

Mary Tuuk

54 2014 Independent Director

Brian Walker

57 2015 Independent Director

Michael Wooldridge

59 2016 Independent Director

Lynn Afendoulis

2019 IR Contact Officer

Biographies

Name Description

William Currie

Mr. William G. Currie serves as Independent Chairman of the Board of Universal Forest Products Inc. Currie is Chairman of the Board of our Company which he joined in 1971, and has served as a salesman, general manager, vice president, and executive vice president. He was the Chief Executive Officer of our Company from 1989 to 2006, and on January 1, 2000, also became Vice Chairman of the Board. On April 19, 2006, he was named Chairman of the Board and served as an employee with the title of Executive Chairman until he retired from our Company on July 20, 2009. Mr. Currie served on the board of Forestar Real Estate Group Inc. from 2008 to 2016. During his tenure with our Company, Mr. Currie created and, to this day, maintains extremely valuable relationships with many companies in the lumber and building materials industries. He has an in-depth understanding of our Company’s supply chain and customer base, which makes him an important asset to management in assessing growth opportunities and strategic objectives.

Patrick Webster

Mr. Patrick M. Webster serves as President, Chief Operating Officer of the Company. Mr. Webster became Vice President of the Far West Region in 1999, on July 1, 2007, he became President of UFP Western Division, Inc., and on January 1, 2009 became President and Chief Operating Officer of the Company.

Matthew Missad

Mr. Matthew J. Missad serves as Chief Executive Officer, Director of the Company. He is, From 1996 to 2011, he was Executive Vice President, General Counsel, and Secretary, in addition to serving on the boards of subsidiary entities, including international partnerships. Mr. Missad has been on the board of Independent Bank Corporation since October 2014 and serves on its Compensation Committee. Mr. Missad’s experience and exposure to nearly all facets of our business is integral to the growth of our Company. Having led, at various times, the human resources, insurance, marketing, wood preservation, engineering, transportation, and compliance teams, and serving on our executive leadership team, he has an ability to understand and motivate people and teams, a capacity to simplify complex issues for sound decision-making, and a well-rounded and deep understanding of our Company’s business, people, markets, and opportunities.

Michael Cole

Mr. Michael R. Cole, CPA, serves as Chief Financial Officer, Treasurer of the Company. In December 1999, he was promoted to Vice President of Finance. On July 19, 2000, Mr. Cole became Chief Financial Officer of the Company.

Patrick Benton

Mr. Patrick M. Benton serves as President, UFP Eastern Division - North, a subsidiary of the Company. Benton joined us in 1993. In 2008 he became Operations Vice President of the South Texas Region, and on July 1, 2014, he became Executive Vice President of UFP Eastern Division – North. On February 1, 2017, Mr. Benton became President of the UFP Northern Division.

Allen Peters

Mr. Allen T. Peters serves as President of UFP Western Division, Inc., a subsidiary of the Company. Peters joined us in 1997. In 2004 he became the General Manager of Operations of our plant in Harrisonville, MO and in 2007 became Regional Vice President of our Gulf Region. On January 1, 2011, Mr. Peters became President of UFP Western Division, Inc.

Jonathan West

Mr. Jonathan E. West serves as President, UFP Southern Division of the Company. West joined us in 1994. In 2007 he became Regional Vice President of the Southeast Region, and on July 1, 2014, he became Executive Vice President of UFP Eastern Division – South. On February 1, 2017, Mr. West became President of the UFP Southern Division.

Donald James

Mr. Donald L. James serves as Executive Vice President - National Sales of the Company. James joined us in 1998. On October 1, 2011, Mr. James became Executive Vice President of National Sales. Before this, he was Regional Vice President of operations in UFP Eastern Division, Inc.

Robert Coleman

Mr. Robert D. Coleman serves as Executive Vice President - Manufacturing of the Company. Coleman, joined us in 1979. On January 1, 1999, Mr. Coleman was named the Executive Vice President of Manufacturing of the Company.

Chad Eastin

Mr. Chad C. Uhlig Eastin is Executive Vice President of Purchasing, Inc., a subsidiary of the Company. Eastin joined us in 1998. In 2007, he became General Manager of Operations of our plant in Chandler, AZ, and in 2014 he became Operations Vice President of our Mountain West Region, and became Regional Vice President of that region in 2015. On October 1, 2016, Mr. Eastin became the Executive Vice President of Purchasing for the Company.

Charles Greene

Mr. Charles Scott Greene serves as Executive Vice President - Strategy & Development of the Company. Greene joined us in 1991. In 2000, Mr. Greene became President of UFP Eastern Division, Inc. On October 1, 2011, Mr. Greene became Executive Vice President of New Business Development and on October 14, 2013, he became Executive Vice President of Marketing. In 2018, Mr. Greene became Executive Vice President of Strategy & Development.

Michael Mordell

Mr. Michael F. Mordell is Executive Vice President - International Operations of Universal Forest Products Inc. Mordell joined us in 1993. In 1999 he became Executive Vice President of Purchasing of Universal Forest Products Western Division, Inc. In November 2007, he became General Manager of Operations for our facility in Lafayette, CO, and on January 1, 2010, Mr. Mordell became Executive Vice President of Purchasing. On October 1, 2016, he became Executive Vice President of International Operations.

Joan Budden

Ms. Joan A. Budden is an Independent Director of the company, Budden has been President and CEO of Priority Health, based in Grand Rapids, MI, since January 2016. Prior to that, she served as Chief Marketing Officer for Priority Health when she joined the company in 2009. Ms. Budden serves on the board of Independent Bank Corporation and a number of community and business organizations. Ms. Budden has more than 25 years of health insurance experience and has held a number of leadership and executive management positions in the health insurance industry. Her experience in a highly competitive and regulated industry that is undergoing significant change, as well as her marketing expertise and leadership skills, make her an important contributor to our Board.

Bruce Merino

Mr. Bruce A. Merino serves as Independent Director of Universal Forest Products Inc. Merino retired from The Home Depot in 2009 after 25 years with the company. At the time of his retirement, he was Senior Vice President of Merchandising and President of The Home Depot’s Expo Design Center. Mr. Merino sits on the City of Hope’s Home Improvement Board Council and is its chair. Mr. Merino has been able to utilize his 38 years of experience in the home improvement industry to assist our Company in strategy and operations for our DIY market. His understanding of the procurement and marketing operations of big box retailers is very valuable to our Company

Thomas Rhodes

Mr. Thomas Wayne Rhodes serves as Independent Director of Universal Forest Products Inc. Mr. Rhodes is President and Chief Executive Officer of TWR Enterprises, Inc. of Corona, CA, a company he formed in 1984, which is the largest framing contractor in Southern California. Mr. Rhodes has served as a board member of the California Framing Contractors Association, Building Industry Association - Orange County, and the California Professional Association of Specialty Contractors - Orange County/Inland Empire. Mr. Rhodes has spent over 35 years building his business while establishing and developing relationships in the residential building and commercial construction industry. Mr. Rhodes’ experience in the site-built construction business and his career as a framing contractor and an entrepreneur, provides our Board and management with meaningful insight into this market and its prospects. His creative and strategic-thinking skills have enabled him to branch out into other ventures, including real estate, hotel development, and insurance. These experiences provide a unique benefit to his service on our Board.

Mary Tuuk

Ms. Mary E. Tuuk serves as Independent Director of the Company. Ms. Tuuk became President and CEO of the Grand Rapids Symphony in Grand Rapids, MI in January 2019. Prior to that time she served as Chief Compliance Officer/Senior Vice President, Properties and Real Estate for Meijer, Inc., a regional retail chain, a position to which she was appointed on March 4, 2018, and as Chief Compliance Officer of Meijer since July 2015. Prior to her tenure with Meijer, she was Executive Vice President of Corporate Services, and Secretary of the Board of Directors, for Fifth Third Bancorp of Cincinnati, OH. Ms. Tuuk also served as President of Fifth Third Bank (Western Michigan) where she had leadership responsibility for the growth and strategic direction of major lines of business. She was named one of the “25 Women to Watch in Banking” by the American Banker magazine each year from 2008 to 2014. She serves on the boards of a variety of civic and charitable organizations. Ms. Tuuk is a financial expert, as defined by the SEC. Her experience in the financial services and retail industries adds a unique perspective to our Board. Her expertise in enterprise risk management, corporate governance, legal affairs, compliance, regulatory and governmental affairs, as well as strategic planning, properties and real estate, and corporate sustainability further enhances her value as a Board member.

Brian Walker

Mr. Brian C. Walker serves as Independent Director of the Company. Mr. Walker (57) joined the private equity firm of Huron Capital in January 2019 as Partner-Strategic Leadership. He retired as Director, President and Chief Executive Officer of Herman Miller, Inc. of Zeeland, MI on August 31, 2018, and previously served as its chief operating officer and chief financial officer. Mr. Walker is a Certified Public Accountant and serves as the lead director and chairs the Compensation Committee of Briggs & Stratton Corporation. He also serves on the board of directors of Cooper Tire and Rubber Co. and Gentex Corporation. He served on the board of the Federal Reserve Bank of Chicago-Detroit Branch from 2009 to 2012. Mr. Walker is a financial expert, as defined by the SEC. His experience as the CEO of a large public company as well as his experience and expertise in finance, international business, executive compensation, and strategic development are valuable to our Company. As a result, he has made valuable contributions to Board discussions concerning the Company’s strategy and operations, and his education, expertise, and experience in accounting and compensation matters provide a unique benefit as a member of our Board.

Michael Wooldridge

Mr. Michael G. Wooldridge serves as Independent Director of Universal Forest Products, Inc. Mr. Wooldridge is a Partner with the law firm of Varnum LLP, headquartered in Grand Rapids, MI. He joined Varnum in 1985 and is a partner in the firm’s corporate practice group, focusing on corporate governance, securities, and mergers and acquisitions. Mr. Wooldridge has been included in The Best Lawyers in America since 2005. He also serves on the boards of several community organizations. Mr. Wooldridge serves as an advisor and counsel to a number of publicly-held companies on a variety of corporate and securities law matters. His advice on compliance matters, corporate governance disclosure requirements, and other issues is invaluable, as is his experience in advising other publicly-held companies.

Lynn Afendoulis

Basic Compensation