UFP Industries Appoints Scott Worthington as New VP of Investor Relations

UFP Industries Announces New Leadership in Investor Relations

In a strategic move aimed at enhancing investor engagement, UFP Industries, Inc. (Nasdaq: UFPI) has appointed Scott Worthington, the current president of UFP Packaging, as the new Vice President of Investor Relations. This transition will officially take place in November, marking a new phase for the company’s communication with the investment community.

Scott Worthington’s deep understanding of UFP Industries’ business landscape and market dynamics positions him ideally for this role. As Mike Cole, the Chief Financial Officer, noted, Worthington’s extensive experience within the company will be vital in communicating the firm's strategy and long-term value creation efforts to investors. The transition comes following the departure of Stanley Elliott, who had been instrumental in strengthening UFP’s investor relations structure and building rapport with stakeholders.

Mike Cole expressed confidence in Worthington’s abilities, stating, "Scott understands firsthand our businesses, our markets, the factors that drive our performance, and the opportunities ahead of us. His knowledge and operating experience, developed through years of leadership within the company, will help the investment community gain an even deeper understanding of our strategy and how we create long-term value."

Worthington’s appointment signals a commitment to continue advancing the company’s investor relations practices, furthering the existing relationships and expanding UFP Industries’ presence within the financial community.

While stepping into his new role, Worthington acknowledges the significant contributions made by Elliott during his tenure. Elliott's efforts have laid a strong foundation for investor engagement, and Worthington aims to build upon this progress. The leadership transition reflects UFP Industries’ dedication to maintaining robust communication channels with investors, which is crucial for facilitating transparency and trust.

UFP Industries, headquartered in Grand Rapids, Michigan, is renowned for its diverse product offerings aimed at the retail, construction, and industrial sectors across North America, Europe, Asia, and Australia. Established in 1955, the company has grown to become one of the largest manufacturers in North America, providing value-added products that align with evolving market needs.

The appointment of Scott Worthington comes as UFP Industries continues to navigate a competitive business landscape, emphasizing innovation and strategic expansion. His leadership in investor relations will play a pivotal role in articulating the company’s vision and growth strategy to current and potential investors.

As Worthington transitions into his new responsibilities, he is expected to enhance the relationship-building efforts initiated by his predecessor, aiming for a stronger engagement with the investment community. This approach is vital for delivering insights into UFP’s operational advancements and future prospects, supporting the company's goal to create sustainable shareholder value.

UFP Industries remains committed to its growth trajectory under the new leadership of Scott Worthington, ensuring that it not only adapts to market changes but also seizes new opportunities in a challenging economic climate.