BNET Industries

Louisiana-Pacific Corp.

(LPX) is in the Manufacturing Industry

Market Cap:$808.3M
Last Fiscal Year Sales:$1.3B
  • Public
  • US
Dow Jones Description

Our products are used primarily in new home construction, repair and remodeling, and manufactured housing. We also market and sell our products in light industrial and commercial construction and we have a modest export business. Our manufacturing facilities are primarily located in the U.S. and Canada, but we also operate two facilities in Chile and have a 75% ownership interest in a Brazilian facility. To serve these markets, we operate in three segments: Oriented Strand Board (OSB), Siding, and Engineered Wood Products (EWP). Demand for our products correlates to a significant degree to the level of residential construction activity in North America, which historically has been characterized by significant cyclicality. In the first six months of 2009, the U.S. Department of Census reported that actual single and multi-family housing starts were about 48% lower than the first six months of 2008. We believe that the reduced level of building is due to the increase in the inventory of homes for sale coupled with a much more restrictive mortgage market. Additionally, the current recession and related job losses, the reduction in home values and the large amount of variable rate mortgages that have reset at higher rates of interest has increased the number of foreclosures, which add to the stock of homes for sale. ...

Chief Financial Officer
Curt Stevens
Number of Employees 4,700
Contact Information

414 Union St Ste 2000

Nashville, Tennessee 37219-1700

lpcorp.com

(615) 986-5600

NAICS Code Reconstituted Wood Product Manufacturing: 321219

Recent Events

  • Louisiana-Pacific Q3 Loss Narrows On Lower Costs - Update

    11/03/09 - Financial Announcement - View Story

  • Louisiana-Pacific Posts $29.3 Million Loss in ... more

    8/12/09 - Financial Announcement - View Story

News & Analysis

louisiana-pacific corp. and portland - All News and Analysis

Decision Makers

Name (plus bio) Position
Curt Stevens Chief Financial Officer
Jeff Duncan Vice President, CIO and Director of Technology
Harold N. Stanton Executive Vice President, Specialty, Products and Sales
Jeff Wagner Executive Vice President, OSB
Richard S. Olszewski Executive Vice President of Specialty Products, Sales and Marketing
Ann Harris Vice President, HR
Brad Southern Vice President and General Manager
Brian Luoma Vice President & General Manager, Engineering Wood Products
David Crowe Vice President, Corp Engineering & Technology
David Harvey Vice President, Environ
John Neilson Vice President
Lee Kuhre Vice President, Environ Affairs
Mike Blosser Vice President
Mike Sims Vice President
Neil Sherman Vice President Procurement, Logistics and Supply Management
William Hebert Vice President, Business Dev
Jim Lake Director, Manufacturing, OSB
John C Kerr Director of Lp
Steven Weinstein Director, Marketing
Ben Skoog Brand Manager, Lp
Jack McMillin National Account Manager, D.R. Horton
Jennifer Jenkins New Construction Marketing Manager
Judy Musgrove Manager, Corp Marketing
Mary Cohn Manager, Corp Relations
Robert Boyd New Construction National Sales Manager
Jeffrey Poloway Controller
Jennifer Kershaw Sales Administrator
Jon Lebre
Phil Novak
William J Walsh
Brenda J. Lauderback Director
Kurt M. Landgraf Director

Board of Directors

Name (plus bio) Position
Jamey Barnes Vice President, Manufacturing, Oriented Strand Board
Philip Shoults Vice President, Oriented Strand Board
E. Gary Cook Chairman of the Board
Colin D. Watson Board of Directors
Daniel K. Frierson Board of Directors
Dustan E McCoy Board of Directors
Gary Cook Board of Directors
Lee C. Simpson Board of Directors
Rick Frost Board of Directors
Russell S. Pattee Board of Directors

Organization Position Status
Louisiana-Pacific Corporation Chief Financial Officer Current
Alabama Forest Owners' Association, Inc. Executive Vice President, Administration and Chief Financial Officer Current
Louisiana-Pacific Corporation Executive Vice President, Administration Current
The Pacific Corporation Executive Vice President, Administration and Chief Financial Officer Current
Longview Fibre Company Certified Public Accountant Current
Longview Fibre Company Board Member Current
Planar Systems, Inc. Executive Vice President Former
Planar Systems, Inc. Board Member Former
Louisiana-Pacific Corporation Treasurer Former
University of California, Los Angeles M.B.A. Former
University of California, Los Angeles B.S. In Economics Former

Organization Position Status
Louisiana-Pacific Corporation Vice President, CIO and Director of Technology Current
Nashville Technology Council Board of Directors Current
The Ohio State University Bsme Former
Virginia Commonwealth University B.S. in Mechanical Engineering Former
University of Richmond NA Former
Virginia Commonwealth University NA Former

Stanton has spent his entire career in the building products industry. His wide experience ranges from carpenter to sales and marketing, to head of a multi-branch distribution business, as well as key general manager roles. Stanton joined LP in 1997 as general manager of LP's industrial panels business, and most recently has held the position of vice president, OSB. Prior to joining LP, he held management roles of increasing responsibility with International Paper Corporation in their decorative products business. Stanton holds a Bachelor of Science in Business Administration from the New York Institute of Technology and is a board member of APA, the Engineered Wood Association and Slocan-LP OSB Corporation.

Organization Position Status
Louisiana-Pacific Corporation Executive Vice President, Specialty, Products and Sales Current
International Paper Company Former
Apa Former
New York Institute of Technology B.S. in Business Administration Former

Jeffrey N. Wagner has been Executive Vice President of OSB since May 2006 and previously Vice President OSB since November 2004. He served as Vice President, Forest Resources, Supply Management and Logistics from 2003 to 2004. Previously, Mr. Wagner served as Director of Supply Management.

Organization Position Status
Louisiana-Pacific Corporation Executive Vice President, OSB Current
Humboldt State University Bachelor of Science In Forestry Former

Rick Olszewski, Executive Vice President of specialty products, sales and marketing, joined LP in 2006 from the Avery Dennison Corporation where he served for eight years, most recently as vice president of the Fasson Roll Division, North America. He also brings 17 years of marketing, sales and general management experience with Monsanto, including an international assignment in Belgium. Mr. Olszewski holds a Bachelor of Science and Master of Business Administration from the University of Missouri.

Organization Position Status
Alabama Forest Owners' Association, Inc. Executive Vice President Specialty Products, Sales and Marketing Current
Louisiana-Pacific Corporation Executive Vice President of Specialty Products, Sales and Marketing Current
Avery Dennison Corporation Vice President, Fasson Roll Division Former
Monsanto Company Marketing, Sales and General Management Positions Former
University of Missouri Master of Business Administration Former
University of Missouri Bachelor of Science Former

Ann Harris, vice president human resources, joined LP in 2005, coming from The Shaw Group, where she was vice president of human resources. In addition, Mrs. Harris has held positions with Boeing, Dow Chemical and The IT Group. Mrs. Harris is responsible for all human resources functions and safety, and works diligently to meet LP’s vision of being an employer of choice. She holds a Bachelor of Arts in Sociology from Maryville College in Maryville, Tennessee.

Organization Position Status
Louisiana-Pacific Corporation Vice President, HR Current
The Shaw Group Inc. vice president of human resources Former
The Dow Chemical Company Former
The Boeing Company Former
I T Group, Inc. Former
Maryville College Bachelor of Arts In Sociology Former

Brad Southern, vice president and general manager siding, joined LP in 1999. Prior to his current position, Mr. Southern was vice president of specialty operations. Mr. Southern began his career with MacMillan Bloedel as a forester and progressed through a variety of jobs in forestry, strategic planning, finance, accounting and plant management. Mr. Southern has a B.S. in Forest Resource and a M.S. in Forest Resources, both from the University of Georgia.

Organization Position Status
Louisiana-Pacific Corporation Vice President and General Manager Current
The University of Georgia M.S. In Forest Resources Former
The University of Georgia B.S. In Forest Resource Former

Brian Luoma, vice president and general manager engineered wood products, is a 20-year veteran of the building products industry, 19 of which he has spent at LP. In his current position, Mr. Luoma is responsible for LP's EWP operations, overseeing the operations and activities of LP's engineered wood products manufacturing facilities. In his time with LP, Mr. Luoma has held a variety of positions, including director of forest resources, northern regional operations manager OSB, and more recently he served as vice president of procurement, supply management and logistics. Mr. Luoma holds a B.S. in Forestry from Humboldt State University, and he has completed the Executive Development Program at the University of Tennessee Center for Executive Education.

Organization Position Status
Louisiana-Pacific Corporation Vice President & General Manager, Engineering Wood Products Current
Humboldt State University B.S. In Forestry Former

Dave Crowe, vice president corporate engineering and technology, has been in the forest products industry more than 30 years. Mr. Crowe came to LP as manufacturing manager OSB in 1999. Prior to joining LP, Mr. Crowe worked for Champion International for 15 years, J D Irving Ltd. for two years and SAPPI for six years. A graduate of the University of Maine, Mr. Crowe holds a B.S. in Mechanical Engineering.

Organization Position Status
Louisiana-Pacific Corporation Vice President, Corp Engineering & Technology Current
J.D. Irving, Limited Former
Champion International Former
University of Maine Bsme Former

Organization Position Status
Louisiana-Pacific Corporation Vice President, Environ Current

vice president oriented strand board (OSB) manufacturing, joined LP in 2006 as Eastern Region OSB manager. He was promoted to his current position in July 2007. Mr. Barnes oversees manufacturing at LP's OSB facilities operating in North America. With more than 30 years experience in wood products manufacturing, he previously had held management positions at International Paper and Georgia-Pacific. Mr. Barnes holds a BA in Business from the University of Arkansas.

Organization Position Status
Louisiana-Pacific Corporation Vice President, Manufacturing, Oriented Strand Board Current

Organization Position Status
Louisiana-Pacific Corporation Vice President Current
Miller Brewing Company Marketing Director Roles Former
Kraft Foods Inc. Brand Manager Former
Northwestern University MBA Former
United States Military Academy BS In Aerospace Engineering Former

Organization Position Status
Louisiana-Pacific Corporation Vice President, Environ Affairs Current

Organization Position Status
Louisiana-Pacific Corporation Vice President Current
Wake Forest University MBA Former
Virginia Polytechnic Institute and State University Bachelor of Science In Chemical Engineering Former

Mike Sims, vice president sales, has spent the last 21 years in building products sales and marketing. Prior to joining LP, Mr. Sims was an area sales manager for Abitibi-Price Corporation, and the director of marketing and vice president sales for ABTco Building Products. He is also a member of The NBMDA Association board of directors. Mr. Sims holds a B.A. from Western State in Gunnison, CO.

Organization Position Status
Louisiana-Pacific Corporation Vice President Current

Organization Position Status
Louisiana-Pacific Corporation Vice President Procurement, Logistics and Supply Management Current
Humboldt State University Bachelor of Science In Waste and Waste Water Management Former

Shoults, 40, has spent his 16-year career in the forest products industry, joining LP from Temple-Inland in 1998. He has held positions in LP's OSB business as mill manager, Southern Region operations manager, and most recently as director of OSB sales and marketing. Shoults is a Cum Laude graduate of the School of Forestry at Stephen F. Austin State University where he earned his degree in Forest Products and Wood Science with a second emphasis on Forest Management.

Organization Position Status
Louisiana-Pacific Corporation Vice President, Oriented Strand Board Current

Organization Position Status
Louisiana-Pacific Corporation Vice President, Business Dev Current

Jim Lake was promoted to vice president, OSB manufacturing from his position as director of manufacturing, OSB. In this position, Lake is responsible for the operations of 14 OSB mills in the US and Canada, with over 1800 employees. He has spent his 21-year professional career with LP working in positions of plant manager, and regional manager of OSB. Lake holds a Bachelor of Science in Business Management and Administration from Kennedy-Western University.

Organization Position Status
Louisiana-Pacific Corporation Director, Manufacturing, OSB Current

John C. Kerr, age 62, became a director of LP in 2005. Mr. Kerr is Chairman of Lignum Investments Ltd., a privately-held investment company, and Managing Partner of Lignum Forest Products LLP, a forest products wholesaler and distributor. Mr. Kerr was Chairman and Chief Executive Officer of Lignum Ltd., a privately-held forest products company in British Columbia, Canada, which he headed for 35 years until its acquisition by Riverside Forest Products Ltd. ( Riverside ) in March 2004. He was Vice Chairman of Riverside from March 2004 until Riverside was acquired by a privately-held forest products company in October 2004. Mr. Kerr is also a director of the Bank of Nova Scotia. Following its review of sales of forest products to LP by Lignum Forest Products LLP, of which Mr. Kerr is Managing Partner, and the commercial banking and investment management services provided by the Bank of Nova Scotia, of which Mr. Kerr is a director, the Board of Directors concluded that they were made in the ordinary course of business and do not affect his independence as a director of LP.

Organization Position Status
Lignum Forest Products Llp Managing Partner Current
Manex Resource Group Inc Director, Quaterra Resources Inc. Current
Louisiana-Pacific Corporation Director of Lp Current
Quaterra Resources, Inc. Director Current
The Bank of Nova Scotia Director Current
Louisiana-Pacific Corporation Board of Directors Current
Scotiabank Vice-President Office Board of Directors Current
Lignum Forest Products Llp Chief Executive Officer Former
International Paper Company Former
Lignum Forest Products Llp Chairman Former
The Riverside Company Vice Chairman Former
Bombardier Inc. Director Former
Cominco Ltd. Director Former
University of California, Berkeley MBA Degree In Economics and Finance Former
University of British Columbia B.A. Former

Organization Position Status
Louisiana-Pacific Corporation Director, Marketing Current

Organization Position Status
Louisiana-Pacific Corporation Brand Manager, Lp Current

Organization Position Status
Louisiana-Pacific Corporation National Account Manager, D.R. Horton Current

Organization Position Status
Louisiana-Pacific Corporation New Construction Marketing Manager Current

Organization Position Status
Louisiana-Pacific Corporation Manager, Corp Marketing Current

Organization Position Status
Louisiana-Pacific Corporation Manager, Corp Relations Current

Organization Position Status
Louisiana-Pacific Corporation New Construction National Sales Manager Current

LP also announced that Jeffrey Poloway has joined the company in the position of Corporate Controller, and will also become Principal Accounting Officer effective March 15, 2007. Poloway has held senior financial positions in publicly-held companies during his 27-year career, most recently as Vice President of Accounting and Financial Reporting at Fruit of the Loom in Bowling Green, Ky. Poloway is a graduate of the University of Maryland and a certified public accountant.

Organization Position Status
Louisiana-Pacific Corporation Controller Current

Organization Position Status
Louisiana-Pacific Corporation Sales Administrator Current

Organization Position Status
Pacific Security Capital Senior Associate Current
The Relizon Company Current
Louisiana-Pacific Corporation Current
Mentor Graphics Corporation Current

Phil and his wife Joann attended Ministry school in Euless then came to Lufkin as Associate Pastors of a local church in 1994 where he lead worship and a youth ministry program. Currently Phil works for Louisiana Pacific and Joann is an accountant and also owns and runs a snow cone stand. They have a son and daughter.

Organization Position Status
Louisiana-Pacific Corporation Current
Vineyard Church of Nacogdoches Current

Organization Position Status
Beacham Walsh Properties Founder Current
Louisiana-Pacific Corporation Current
Coldwell Banker Commercial Former
Oncor International Ltd. Board Member Former

E. Gary Cook, age 59, became a director of LP in 2000. Mr. Cook was Chairman, President and Chief Executive Officer of Witco Corporation, a global specialty chemicals company, until his retirement in 1999. Until 1996, he was President, Chief Operating Officer, and a director of Albemarle Corporation, a global specialty chemicals company spun off from Ethyl Corporation in 1994, where Mr. Cook had been a Senior Vice President and director since 1992. Previously, Mr. Cook was a Vice President of E. I. du Pont de Nemours and Company. He is also a director of Trimeris Corporation, a biopharmaceutical company.

Organization Position Status
The Pacific Corporation Chairman Current
Integrated Environmental Technologies, LLC Chairman of the Management Committee Current
Alabama Forest Owners' Association, Inc. Chairman Current
Louisiana-Pacific Corporation Chairman of the Board Current
Trimeris, Inc. Director Current
Witco Corporation Chief Executive Officer Former
Witco Corporation President Former
Ethyl Corporation President, Chemicals Group Former
Ethyl Corporation Senior Vice President Former
Witco Corporation Chairman Former
Ethyl Corporation Director Former
The Soap and Detergent Association Board of Directors Former
Virginia Polytechnic Institute and State University Ph.D. In Chemistry Former
University Corp. Ph.D. In Chemistry Former
University of Virginia B.S. In Chemistry Former

Brenda J. Lauderback was appointed to the Select Comfort Board of Directors in February 2004. Ms. Lauderback served as President of the Retail and Wholesale Group for the Nine West Group, Inc., a designer and marketer of women's footwear and accessories, from May 1995 until January 1998. Ms. Lauderback also serves as a director of Big Lots, Inc., Irwin Financial Corporation, Wolverine World Wide, Inc., and Denny’s Corporation.

Organization Position Status
Select Comfort Corporation Chair Current
Denny's Corporation Director Current
Irwin Financial Corp. Director Current
Wolverine World Wide, Inc. Board of Directors Current
Louisiana-Pacific Corporation Director Current
Big Lots, Inc. Director Current
Big Lots, Inc. Member Compensation Committee Member Current
Nine West Group, Inc. Group President Former
Select Comfort Corporation Director Current

Organization Position Status
DALSA Corp. Board of Directors Current
Telesat Canada Director Current
Vector Aerospace Corporation Director Current
Northstar Aerospace, Inc. Director Current
Cygnal Technologies Corporation Director Current
Rhapsody Acquisition Corp. Director Current
Louisiana-Pacific Corporation Board of Directors Current
Alabama Forest Owners' Association, Inc. Director Current
Rogers Communications, Inc. Board of Directors Current
Spar Aerospace Limited Chief Executive Officer Former
Vector Aerospace Corporation Chief Executive Officer Former
Rogers Communications, Inc. President and Chief Executive Officer Former
Vector Aerospace Corporation President Former
Spar Aerospace Limited President Former
Spar Aerospace Limited Vice Chairman of the Board Former
The University of Western Ontario M.B.A. Ivey Business School Former
University of British Columbia B.A.Sc. (Mechanical Engineering) Former

Daniel K. Frierson, age 62, became a director of LP in February 2003. Mr. Frierson has been Chairman and Chief Executive Officer of The Dixie Group, Inc., a manufacturer and distributor of high-end carpet and rugs headquartered in Chattanooga, Tennessee, for more than 15 years. He is also a director of Astec Industries, Inc.

Organization Position Status
The Dixie Group, Inc. Chief Executive Officer Current
The Dixie Group, Inc. Chairman Current
Louisiana-Pacific Corporation Board of Directors Current
Astec Industries, Inc. Director Current
The Pacific Corporation Board of Directors Current
Miller Center Board of Directors Current
Alabama Forest Owners' Association, Inc. Board of Directors Current
Alabama Forest Owners' Association, Inc. Committee Member Current

Dustan E. McCoy, age 57, became a director of LP in 2002. Mr. McCoy has been Chairman and Chief Executive Officer and a director of Brunswick Corporation, a recreation products company headquartered in Lake Forest, Illinois, since December 2005. He joined Brunswick Corporation in September 1999 as its Vice President, General Counsel and Corporate Secretary and became President of its Brunswick Boat Group in 2000, which position he held until December 2005. He was previously Executive Vice President of Witco Corporation, a global specialty chemicals company headquartered in Greenwich, Connecticut, from January to September 1999 and was Witco's Senior Vice President, General Counsel and Corporate Secretary from July 1996 until December 1998. Mr. McCoy is also a director of Freeport McMoran.

Organization Position Status
Alabama Forest Owners' Association, Inc. Board of Directors Current
Phelps Dodge Corporation Director Current
Louisiana-Pacific Corporation Board of Directors Current
Alabama Forest Owners' Association, Inc. Committee Member Current
Brunswick Boat Group President Former
Witco Corporation Executive Vice President Former
Eastern Kentucky University Bachelor of Arts Degree In Political Science Former

Organization Position Status
Louisiana-Pacific Corporation Board of Directors Current
Witco Corporation Chief Executive Officer Former
Witco Corporation President Former
Witco Corporation Chairman Former

Mr. Landgraf is president and chief executive officer of Educational Testing Service, a private non-profit educational testing and measurement organization, and joined ETS in that position in 2000. Prior to that, he was executive vice president and chief operating officer of E.I. Du Pont de Nemours and Company, where he previously held a number of senior leadership positions, including chief financial officer. Mr. Landgraf is also a director of ETS and Louisiana-Pacific Corporation. Corning director since 2007. Age 62.

Organization Position Status
Corning Incorporated President and Chief Executive Officer, Educational Testing Service, Read Biography Current
Educational Testing Service Inc. Chief Executive Officer Current
Corning Incorporated Chairman Current
Alabama Forest Owners' Association, Inc. Board of Directors Current
AAIPharma, Inc. Board of Directors Current
Nanodynamics, Inc. Board of Directors Current
Louisiana-Pacific Corporation Director Current
NDCHealth Corporation Director Current
Corning Incorporated Director Current
IKON Office Solutions, Inc. Board of Directors Current
ETS, Inc. Associate Director Former
Johnson & Johnson manager Former
Kidder, Peabody & Co. Former
The Upjohn Company Former
IKON Office Solutions, Inc. Director Former
Solutions, Inc. member Former

Organization Position Status
Louisiana-Pacific Corporation Board of Directors Current

Organization Position Status
Forest Certification II, America's National Forests CEO, Louisiana, Pacific Current
Louisiana-Pacific Corporation Board of Directors Current
Louisiana-Pacific Corporation CEO Former
Louisiana State University B.S. In Industrial Forest Management Former
Louisiana State University B.S. In Industrial Forest Management Former

Organization Position Status
Louisiana-Pacific Corporation Board of Directors Current
Louisiana-Pacific Corporation Controller & Assistant Treasurer Former

Executive News

  • David Hobson to Head ETS Social Investment Fund

    Reuters - 8/14/09 - View Story

  • LP Schedules Webcast to Report Second Quarter 2009 Results

    Business Wire - 7/21/09 - View Story

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     LPX $6.49 +0.11 (1.72% )
Average Volume 3,528,650
Shares Outstanding 124.55M
Market Cap 808.3M
Year High 8.05
Year Low 1.03
Earnings Per Share -3.97
P/E Ratio -1.63
Dividend N/A
Yield N/A
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