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LBM Advantage promoted Kathy O’Neill to director of risk management. In the role, O’Neill will lead efforts to mitigate risks for the co-ip by managing member credit, overseeing reload inventory levels, assessing the financial health of prospective members, and handling critical financial trading instruments, including futures and swaps.

O’Neill’s promotion comes as part of LBM Advantage’s strategic initiative to strengthen financial stability and support sustainable growth for its members.

“Kathy O’Neill’s extensive experience in the co-op environment, aligned with her strong financial acumen, positions her perfectly to oversee these critical responsibilities,” Rich Kennealy, chief financial officer at LB Advantage, said. “We are excited to work closely with her as we continue to prioritize the financial health and growth of our organization.”

O’Neill will report directly to Kennealy and will play a pivotal role in shaping LBM Advantage’s financial strategies. Credit manager Diane Stanton and the member credit function will report to O’Neill.