An announcement from UFP Industries (UFPI) is now available.
UFP Industries, Inc. has announced a strategic shift in its leadership, appointing William D. Schwartz as the new CEO effective at the start of fiscal 2025, with a base salary of $600,000 and a 10% participation in the Corporate Bonus Pool. Concurrently, Matthew J. Missad will transition from CEO to Executive Chairman, receiving a $500,000 base salary and an 8% share in the same bonus pool, without additional director fees. These changes, aimed at bolstering the company’s guidance and support, were publicly disclosed in a press release following the board’s decision.
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