LBM Advantage makes a staff move
LBM Advantage has promoted Kathy O’Neill to director of risk management. O’Neill will lead efforts to mitigate risks for the co-op 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. With over 18 years of dedicated service to the co-op in various capacities, she brings a wealth of experience in accounting and finance and a deep understanding of Advantage’s operations and the LBM industry.
“Kathy O’Neill’s extensive experience in the co-op environment, along with her strong financial acumen, positions her perfectly to oversee these critical responsibilities,” said Rich Kennealy, chief financial officer at LBM Advantage. We are excited to work closely with her as we continue to prioritize the financial health and growth of our organization.”
In this new position, O’Neill will report directly to Kennealy and will play a pivotal role in shaping LBM Advantage’s financial strategies moving forward. Credit Manager, Diane Stanton, and the member credit function, will report to O’Neill.
