LP Building Solutions (LP) has announced the appointment of Jean-Michel Ribiéras and Ty R. Silberhorn to its board of directors, effective February 6, 2025. Ribiéras, the chair and chief executive officer of Sylvamo, brings over 35 years of experience in the manufacturing industry, including nearly three decades at International Paper. Silberhorn, the chief executive officer and a member of the board of directors at Apogee Enterprises, Inc., has over 20 years of experience at 3M, where he held several senior leadership positions.
LP Building Solutions, a leading manufacturer of high-performance building products, has been operating in the industry since 1972. The company's portfolio includes siding solutions, structural solutions, and oriented strand board (OSB), along with industry-leading customer service and warranties.
LP operates 22 plants across the U.S., Canada, Chile, and Brazil, demonstrating its strong presence in North and South America. The company aims to help customers construct beautiful, durable homes while creating lasting value for shareholders.
The addition of Ribiéras and Silberhorn to LP's board of directors is expected to bring tremendous value to the company, given their extensive global expertise and track records of operational excellence. This move underscores LP's commitment to navigating the future and continuing to create value for its shareholders. Following these announcements, the company's shares moved 0.2%, and are now trading at a price of $115.44. For the full picture, make sure to review Louisiana-Pacific's 8-K report.
