NASHVILLE, Tenn.--(BUSINESS WIRE)--Jun. 1, 2018--
Louisiana-Pacific Corporation (LP) (NYSE: LPX) today announced Sallie
Bailey has elected to retire as Chief Financial Officer of LP.
“Sallie has been a valued partner, and during her tenure at LP, she has
made significant contributions to the company’s transformation into a
leading building solutions company,” LP CEO Brad Southern said. “We are
fortunate Sallie has built a strong finance team that will continue to
work seamlessly through this transition period. On behalf of everyone at
LP, I thank Sallie for her contributions and wish her the best for her
retirement.”
“It has been a privilege to work with such a talented and dedicated team
at LP,” Ms. Bailey said. “LP today is well-positioned to capitalize on
opportunities for growth and value creation and now is the right time
for me to begin my retirement. I am committed to ensuring a smooth
transition and have great confidence in the LP management team’s ability
to achieve its strategic and financial goals.”
LP has initiated a search for a CFO, and has retained a leading
executive search firm. Mike Kinney, Director of Investor Relations and
Treasurer, a 32-year veteran of LP with deep building products and
finance experience, is expected to serve as interim CFO following Ms.
Bailey’s retirement on July 13, 2018, should the search continue to be
active at that time.
About LP
As a proven leader in high performance building solutions, LP Building
Products manufactures uniquely engineered, innovative building products
that meet the demands and needs of the building industry. Its extensive
product portfolio includes durable and dependable exterior siding and
trim systems, engineered wood framing and structural panels for
single-family homes, multifamily projects, repair & remodel markets,
light commercial facilities and outdoor buildings. LP also provides
industry leading service and warranties to help customers build smarter,
better and faster. Founded in 1973, LP is a global company headquartered
in Nashville, Tennessee, and traded on the New York Stock exchange under
LPX. For more information, visit LPCorp.com.
Forward-Looking Statements
This news release contains statements concerning Louisiana-Pacific
Corporation's (LP) future results and performance that are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Factors that could cause actual results
to differ materially from those expressed or implied by the
forward-looking statements include, but are not limited to, the
following: changes in governmental fiscal and monetary policies and
levels of employment; changes in general economic conditions; changes in
the cost and availability of capital; changes in the level of home
construction and repair activity; changes in competitive conditions and
prices for our products; changes in the relationship between supply of
and demand for building products; changes in the relationship between
supply of and demand for raw materials, including wood fiber and resins,
used in manufacturing our products; changes in the cost of and
availability of energy, primarily natural gas, electricity and diesel
fuel; changes in the cost of and availability of transportation; changes
in other significant operating expenses; changes in exchange rates
between the U.S. dollar and other currencies, particularly the Canadian
dollar, Brazilian real and Chilean peso; changes in general and
industry-specific environmental laws and regulations; changes in tax
laws, and interpretations thereof; changes in circumstances giving rise
to environmental liabilities or expenditures; the resolution of existing
and future product-related litigation and other legal proceedings; and
acts of public authorities, war, civil unrest, natural disasters, fire,
floods, earthquakes, inclement weather and other matters beyond our
control. These and other factors that could cause or contribute to
actual results differing materially from those contemplated by such
forward-looking statements are discussed in greater detail in the
company's Securities and Exchange Commission filings.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180601005161/en/
Source: Louisiana-Pacific Corporation
Louisiana-Pacific Corporation
Media Relations
Mark Morrison,
615-986-5886
or
Investor Relations
Becky Barckley,
615-986-5600
or
Mike Kinney, 615-986-5600