Lumber Traders Announces CEO Transition

Kelly Fox, CEO/President of Lumber Traders has announced to the Board of Directors and Shareholders that he has accepted a new position and is leaving the Company at the end of May. Fox has been the Chief Executive Officer/President of Lumber Traders since September 2013 and also, more recently, Employee Stock Ownership Plan (ESOP) Trustee.

The Board has named Danny Steiger interim CEO/President effective May 1. Steiger is currently the store manager at Hartnagel Building Supply. His 18 years of building industry experience gives him the experience and skills necessary to assume this interim position. Fox and Steiger will be working together through the month of May to ensure a smooth transition. ESOP Advisory Committee member Josh Bergesen will be assuming the role of ESOP trustee. He will also be working with Fox to further understand the Trustee role.

On behalf of the Board, Chairman Arnold Schouten stated: “Kelly has worked diligently to grow the companies and offer high quality building supply products together with superior customer service to our valued customers.  We believe that Angeles Millwork and Lumber Company and Hartnagel Building Supply are now the leading stores on the Peninsula to shop for building supplies and hardware. We are grateful for Kelly’s efforts in bringing the companies to this level of success and we wish him the best in his new position.”

“The Lumber Traders Board is fully supportive of Mr. Steiger in his new leadership role. The Board believes the companies are very fortunate to have someone on staff, with the talent, knowledge of the industry and leadership abilities to move into the CEO/President position and take the companies to new levels of success.”

Outgoing CEO/President Kelly Fox
Incoming Interim CEO/President Danny Steiger