Trex Company, Inc. (NYSE:TREX) has recently appointed Chris Keffer as a new independent member of its board of directors, effective August 15, 2024. Keffer, with 30 years of leadership experience in the power tool industry, was previously the President and CEO of Stihl Inc., responsible for the manufacturing, distribution, and sales of Stihl outdoor power equipment for domestic and export markets. Before this role, he spent 27 years at Stanley Black & Decker.
Trex Company's President and CEO, Bryan H. Fairbanks, expressed his pleasure in welcoming Keffer to the board and highlighted the wealth of experience he brings in developing, marketing, and managing high-quality, branded products for both professional and DIY customers. This appointment increases the total number of directors on the board to ten, with nine being independent.
Trex Company, known for its sustainable, wood-alternative decking and deck railing, has a strong distribution network with products available through over 6,700 retail outlets across six continents. The company also offers a comprehensive outdoor living portfolio, including deck drainage, flashing tapes, LED lighting, outdoor kitchen components, pergolas, spiral stairs, fencing, lattice, cornhole, and outdoor furniture marketed under the Trex® brand.
The company has received accolades such as being named America’s most trusted® outdoor decking for four consecutive years from 2021 to 2024 and being recognized on Barron’s list of the 100 most sustainable U.S. companies in 2024. Additionally, it was named one of America’s most responsible companies in 2024 by Newsweek and ranked as one of the 100 best ESG companies for 2023 by Investor’s Business Daily. As a result of these announcements, the company's shares have moved 0.9% on the market, and are now trading at a price of $63.96. For the full picture, make sure to review Trex's 8-K report.
