LP CFO retiring
Louisiana-Pacific Corporation announced that Sallie Bailey will retire as CFO of the building products manufacturer.
“Sallie has been a valued partner, and during her tenure at LP, she has made significant contributions to the company’s transformation into a leading building solutions company,” said Brad Southern, CEO of LP. “We are fortunate Sallie has built a strong finance team that will continue to work seamlessly through this transition period. On behalf of everyone at LP, I thank Sallie for her contributions and wish her the best for her retirement.”
Bailey joined LP in December 2011. Prior to joining LP, she served as vp and CFO of Ferro Corporation from 2007 through 2010 and SVP, finance and controller of Timken Company previous to that.
“It has been a privilege to work with such a talented and dedicated team at LP,” Bailey said. “LP today is well-positioned to capitalize on opportunities for growth and value creation and now is the right time for me to begin my retirement. I am committed to ensuring a smooth transition and have great confidence in the LP management team’s ability to achieve its strategic and financial goals.”
LP said it has initiated a search for a CFO and has retained a leading executive search firm. Mike Kinney, director of investor relations and treasurer, as well as a 32-year veteran of, is expected to serve as interim CFO following Bailey’s retirement on July 13.
A timetable for a permanent replacement was not disclosed by the company.
Based in Nashville, Tenn., LP produces building products and solutions for the building industry including exterior siding and trim systems, engineered wood framing and structural panels for home construction and remodeling.
“Sallie has been a valued partner, and during her tenure at LP, she has made significant contributions to the company’s transformation into a leading building solutions company,” said Brad Southern, CEO of LP. “We are fortunate Sallie has built a strong finance team that will continue to work seamlessly through this transition period. On behalf of everyone at LP, I thank Sallie for her contributions and wish her the best for her retirement.”
Bailey joined LP in December 2011. Prior to joining LP, she served as vp and CFO of Ferro Corporation from 2007 through 2010 and SVP, finance and controller of Timken Company previous to that.
“It has been a privilege to work with such a talented and dedicated team at LP,” Bailey said. “LP today is well-positioned to capitalize on opportunities for growth and value creation and now is the right time for me to begin my retirement. I am committed to ensuring a smooth transition and have great confidence in the LP management team’s ability to achieve its strategic and financial goals.”
LP said it has initiated a search for a CFO and has retained a leading executive search firm. Mike Kinney, director of investor relations and treasurer, as well as a 32-year veteran of, is expected to serve as interim CFO following Bailey’s retirement on July 13.
A timetable for a permanent replacement was not disclosed by the company.
Based in Nashville, Tenn., LP produces building products and solutions for the building industry including exterior siding and trim systems, engineered wood framing and structural panels for home construction and remodeling.