Universal Sees Changes
Their successors are two Universal veterans: Pat Webster, vice president of the Far West Region, has been tapped to replace Hill, and Michael Dube, vice president of operations for the Southwest Region, will replace Frazier.
"Bobby and Dick have helped to drive the success of this company, and we're grateful to them for their strong contributions and years of dedication," said President and CEO Michael B. Glenn.
Under the company's succession plan, Hill was scheduled to step down from his position on July 1, to work closely with Webster on the transition through the end of the year. On Jan. 1, Hill will retire from Universal and become a consultant to the company.
Hill joined Universal in 1986 as a sales representative in
Webster began his career in sales and purchasing at Universal's
Frazier joined Universal in 1989 as vice president of the Southwest Region. At 65, he faces the company's policy of mandatory retirement for officers; however, he has chosen to remain an employee, working on special projects focused primarily on lean manufacturing and continuous improvement.
On July 1, Frazier stepped down from the day-to-day operations to work with Dube on a smooth transition. Dube joined Universal in 1992 in sales in
Universal Forest Products Inc. (NASDAQ: UFPI) reported sales of nearly $2.66 billion in 2006.