UFP Industries Chairman And CEO Matthew J. Missad To Become Executive Chairman On December 29, 2024; William Schwartz To Become CEO
Portfolio Pulse from Benzinga Newsdesk
UFP Industries announced that Chairman and CEO Matthew J. Missad will transition to Executive Chairman on December 29, 2024. William Schwartz will take over as CEO, and CFO Michael Cole will also become President of Corporate Services.
August 27, 2024 | 8:09 pm
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UFP Industries is undergoing a leadership transition with Matthew J. Missad moving to Executive Chairman and William Schwartz becoming CEO. CFO Michael Cole will also take on additional responsibilities.
The leadership transition at UFP Industries is significant as it involves the CEO position, which can impact company strategy and operations. However, the transition is planned and involves internal promotions, suggesting stability. The market may view this as a neutral event unless further strategic changes are announced.
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