UFP Industries names William Schwartz CEO effective December 29, 2024; Missad to be executive chairman
UFP Industries said its board appointed William D. Schwartz as chief executive officer effective December 29, 2024, and named current CEO Matthew J. Missad as executive chairman on the same date. The changes are a planned succession, and Missad has agreed to serve as executive chairman through 2026. The filing discloses pay changes for both men but no changes to reported financial results.
- William D. Schwartz, currently president of UFP Retail, will become CEO on December 29, 2024, with base salary rising to $600,000 per year
- Matthew J. Missad, CEO since July 2011, becomes executive chairman on December 29, 2024, at a base salary of $500,000 per year
- Missad has agreed to remain executive chairman through 2026 and will assist with shareholder relations
- CFO Michael Cole will add the title of President of Corporate Services