The board of directors at LP Building Solutions elected Brad Southern as chairman, effective immediately. Southern will continue to serve as the building solutions company’s CEO, a role he has held since 2017.
Southern succeeds E. Gary Cook, who served as chairman since 2004 and a director since 2000 before reaching the required retirement age. In addition to the election of Southern, the LP board of directors appointed Dustan McCoy as lead independent director.
“We are excited to have Brad Southern assume the role of chairman,” McCoy said in a news release. “The combination of the offices of CEO and chairman underscores the board’s confidence in Brad. During his tenure as CEO, Brad has been instrumental in driving the company’s strategic transformation, which is making the company stronger and more resilient.”
Southern joined the company in 1999, rising through the ranks and becoming CEO in 2017. In the role of CEO, Southern directs LP’s strategic transformation and is responsible for all aspects of the Nashville, Tenn.-based manufacturer’s business and operations.
“I am honored by the board’s support as we steward LP’s mission to help customers build beautiful, durable homes so that shareholders can build lasting value,” Southern said. “
McCoy joined the LP board of directors in 2002, serving on the compensation and nomination and corporate governance committees before being appointed the lead independent director. He previously served as the chairman, CEO, and director of Brunswick Corporation. The newly appointed lead independent director also serves on the board of directors for Freeport-McMoRan and YETI Holdings.
LP’s product portfolio includes exterior siding and trim systems, engineered wood framing, and structural panels for single-family homes, multifamily projects, repair and remodel markets, light commercial facilities, and outdoor buildings.
