#United States #Washington #Cambium #Peter Coats #Carbon Smart Wood

Cambium Welcomes Peter Coats as Chief Financial Officer

Cambium, renown for revolutionizing the modern wood market, proudly announces the appointment of Peter Coats as its new Chief Financial Officer. This strategic hire comes as Cambium embarks on an ambitious trajectory of growth and expansion in the wood economy sector. Coats, with over two decades of diverse financial experience, notably in physical infrastructure and climate technology, is prepared to play a pivotal role in driving Cambium's financial strategies forward.

Peter Coats previously held significant positions at Google and Goldman Sachs, where he honed his skills in financial strategy within high-stakes environments. During his six-year tenure at Google, he was instrumental in guiding the financial strategies across Alphabet's Other Bets portfolio, which includes cutting-edge companies like Waymo and DeepMind. Furthermore, as Senior Vice President at Wildcat Discovery Technologies, Coats led the charge in raising $50 million strategically to enhance the company's innovative battery technology. His most recent accomplishment includes co-founding and overseeing financial strategy for a stealth startup focused on advancing financial infrastructure within the building materials industry.

Cambium stands at the forefront of integrating local wood supply chains into a streamlined digital marketplace, offering unparalleled access to modern, sustainable building materials. Coats will leverage his extensive background to enhance the company's ability to connect vital supply chains, ensuring that both suppliers and buyers operate with the transparency and resilience necessary to meet today’s construction demands.

Ben Christensen, Cambium’s co-founder and CEO, expressed optimism regarding Coats' arrival, stating, "Peter has built his career at the intersection of infrastructure, technology, and finance — the same forces reshaping the wood economy. He understands the complexities of scaling complex businesses and the capital markets that underlie them. His addition is crucial as we prepare for Cambium's next growth phase."

Coats has an impressive track record, advising on over $20 billion in transactions within the power, utilities, and renewable energy sectors during his earlier days at Goldman Sachs. Having started as a structural engineer, he is well-versed in the technical and operational elements necessary for success in the wood industry.

Reflecting on his new role, Coats stated, "Cambium is addressing a significant infrastructural challenge by revamping how foundational industries like wood operate for their consumers. With a deep understanding of supply chains and the technological tools to innovate them, I am eager to fortify Cambium's financial strategies as we facilitate a modern, resilient wood economy for all stakeholders."

This recent appointment marks Cambium's most senior finance role to date, navigating the company through a pivotal time that includes the acquisition of General Woodcraft, enhancing Cambium's manufacturing capabilities, and the national launch of its Carbon Smart Wood™ product line, aimed at making lumber sourcing more efficient and sustainable.

In summary, with Peter Coats at the financial helm, Cambium is poised for impressive growth and solidifies its commitment to advancing the wood economy with transparency and efficiency. As the company continues to innovate and lead in this critical industry, Coats’ leadership will be paramount in ensuring success and resilience amidst the challenges ahead.

For more detailed information about Cambium and its initiatives, visit their website at cambium.com.

About Cambium

Cambium operates as a modern marketplace for wood, integrating local suppliers and enabling nationwide sourcing of advanced building materials. The organization promotes sustainability through its proprietary product line, Carbon Smart Wood™, which is crafted from salvaged and underutilized wood, reinforcing their mission for an environmentally responsible future.