Summit Materials Updates on CEO Succession Plan
Summit Materials reported that Thomas W. Hill plans to step down from his role as President and Chief Executive Officer and as a member of the Board effective September 1.
According to a media release, at that time, Anne Noonan will be appointed President and Chief Executive Officer and as a member of the Board. Hill will serve as a Senior Advisor through the end of the year. Commencing on January 1, 2021, Hill will transition into a consulting role through July 2023.
"When I founded Summit in 2009, I could not have imagined the growth and success the Company would achieve over the following 11 years, and it has been an honor to serve as CEO throughout this remarkable period," said Mr. Hill. "Serving this Company alongside all of our talented team members has been the greatest privilege and the highlight of my professional career, and I am extremely proud of all that we have accomplished. I believe that now is the right time for the Company to transition to its next leader and I have great confidence in Anne, the strength of our team and the opportunities ahead. I look forward to working closely with Anne over the next few months, and for Summit's continued success for many years to come."
"On behalf of the entire Board, I would like to thank Tom for his visionary leadership, commitment and contributions to the Company since its inception," said Howard L. Lance, Chairman of the Board. "Under his guidance and stewardship, Summit transformed from a small, private construction company into a public company with annual net revenues of $2 billion. We wish Tom all the best in his next chapter."
Lance continued, "As Summit moves into its next phase of growth, we could not be more excited about appointing a CEO of Anne Noonan's caliber to lead us forward. Anne brings with her to Summit proven leadership credentials and a strong track record. We are confident in Anne's ability to take Summit to new heights and look forward to welcoming her to the team."
Noonan commented, "Under Tom's leadership, Summit has delivered outstanding operating results and is well positioned for future success. I am honored to be appointed CEO of Summit and look forward to working alongside Tom, the Board and the leadership team to create value for our stakeholders."
Anne Noonan brings over 30 years of senior leadership experience at publicly traded materials companies. Most recently, Noonan served as President and Chief Executive Officer of OMNOVA Solutions Inc., a $760 million global producer of emulsion polymers, specialty chemicals, and decorative and functional surfaces, from November 2016 through January 2020. During her tenure, she transformed the company into a high performing specialty solutions provider demonstrating 31 percent revenue and 22.5 percent EBITDA growth in high value specialty markets. Noonan joined OMNOVA in September 2014 as President of its Performance Chemicals business segment. Prior to OMNOVA, Noonan spent 27 years at Chemtura Corp., a global manufacturer of specialty chemicals. She most recently served as Senior Vice President and President of Chemtura's Industrial Engineered Products business and previously held a dual role as Vice President of Strategic Business Development for Chemtura and President of its Great Lakes Solutions business. During her tenure with Chemtura, Noonan held leadership roles across a wide range of disciplines, from strategic marketing to product development and innovation, to mergers and acquisitions and general management.
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Gilt and Sarah Jessica Parker Unveil SJP by Sarah Jessica Parker Bridal Collection for Spring
Sarah Jessica Parker, in partnership with Gilt, kicked off the exclusive launch of SJP by Sarah Jessica Parker Bridal, Gilt’s first foray into bridal ready-to-wear that would have Carrie Bradshaw swooning.
The collection includes dresses, skirts, bodysuits and other pieces, ranging in price from $295 to $2,395 and from sizes 0 to 14.
"Collaborating with Gilt on my first bridal ready-to-wear collection was an opportunity I couldn't pass up," said Sarah Jessica Parker. "The team there is brilliant and allowed me to be imaginative and take risks as I was designing for the non-traditional bride. It has been quite fun to play around with colors, fabrics and details to create unique pieces for all kinds of brides." The collection, comprised of ten styles, is inspired by Parker's vision of a modern, non-traditional bride, and is designed to dress a woman for a variety of wedding milestone moments; from her bridal shower through her wedding reception. Styles offered are a unique mix of classic dresses and gowns, modern bodysuits, full skirts, and a jumpsuit. The color palette includes traditional bridal white, sleek black, plus pops of blush, poppy, light gray and blue.
Designed in collaboration with Gilt, the collection was produced in New York City utilizing fabrics like cashmere and stretch crepe sourced from Spain, Italy and France.
The pieces all feature carefully curated details like elegant bows, sophisticated cutouts, feathers, intricate embroidery and beautiful hand-stitched beading.
The actress and style icon is no stranger to chic bridal wear. Carrie Badshaw, famously played by Parker, took part in an elaborate bridal photo shoot in Sex and the City: The Movie. The shoot featured gowns from designers like Christian Lacroix and Lanvin. Parker famously wore a black wedding gown for her own wedding to Matthew Broderick in 1997.
"Not only is Sarah Jessica Parker's style known around the world, her point of view is one-of-a-kind," says Tom Ott, Chief Merchant of Gilt. "Sarah Jessica brings her impeccable taste and fashion sensibility to life in this collection. We think our customers will be delighted with the offering which is stylish and well-priced in the bridal category."
As part of the bridal launch, Gilt will also offer 15 exclusive styles from the SJP by Sarah Jessica Parker footwear line, each of which are complementary to the bridal collection.
To correspond with the bridal collection launch, Gilt City will present offers from some of Sarah Jessica Parker's favorite places in New York City.
The offers were each chosen as a way to help brides plan for and celebrate the big day with highlights including, Leather Spa, Lars Nord Studio Tailoring, Mah-Ze-Dahr Bakery, among others.
Tea Forté Introduces ‘Matcha’ Collection
Convenience meets tradition in Tea Forté’s new Ceremonial Matcha Bowl Set and the Matcha Single Steeps.
The company said its spring harvested, shade grown, stone ground, organic matcha tea is best served in a centuries-old Japanese tea ceremony called chanoyu: a preparation technique known for its centering meditative qualities.
"The launch of Tea Forté's Matcha collection represents our continued commitment to wellness and cultivating all the potential mental and physical health benefits of tea," says Tea Forté CEO Michael Gebrael. "In addition to our high quality Pure Matcha, we've also blended four distinct flavored Matcha varieties. Prepackaged in pouches measured out for a single serving, our Single Steeps Matcha is ideal for the office, travel, or to keep with you for a boost anytime."
Tea Forté noted its handcrafted ceremonial tea bowl, handmade bamboo whisk and measuring ladle “encourages serene enjoyment of our premium Kosher, gluten-free and vegan matcha blends.” These include: Pure Matcha, Chocolate Matcha, Coconut Matcha, Ginger Matcha, and Chai Matcha.
According to a release, in addition to its distinctive taste, matcha is prized for its health benefits. Steeped green tea contains only the antioxidants that can be extracted in water, while with matcha, the whole leaf is consumed.
Available now in select stores and online at teaforte.com.
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