Forest products manufacturer RoyOMartin has planned $30 million in capital expenditures during the next 18 months for projects to modernize its Oakdale, La., OSB and Chopin, La., plywood and solid wood products manufacturing facilities. The new commitments reflect the company’s “ongoing determination to maintain its reputation for having the safest, most technologically advanced, and efficient wood-products facilities in North America,” according to a news release.
Alexandria, La.-based RoyOMartin also announced changes in executive leadership, approved by its board of managers. Roy O. Martin III has been elected chairman, CEO, and CFO of the company. RoyOMartin announced the passing of previous chairman Jonathan Martin in September. Additionally, Scott Poole has been elected president and COO of the company and Terry Secrest has been elected executive vice president of manufacturing and product sales at RoyOMartin.
The company also formed a strategic action leadership team, which will pilot the organization into the next decade with RoyOMartin’s long-term vision and values. The team will consist of Martin III, Secrest, Poole, secretary-treasurer Darryl Monroe, general counsel Ray Brown, vice president of human resources Donna Bailey, vice president of plywood sales and operations Jeremy Burford, vice president of information systems Jesse Bolton, and vice president of land and timber operations Cade Young.
RoyOMartin is a privately-held company with special emphasis on manufacturing forest products and managing sustainable forests in Louisiana. The manufacturer operates four locations across the state.