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W. Bradley Southern

Chairperson of the Board and CEO at LOUISIANA-PACIFIC
Board
Since July 2017
Age
65 years
Education
Holds both a Bachelor of Science and a Master of Science degree in Forest Resources from the University of Georgia.
Tenure
Joined LPX in 1999 and progressed through multiple leadership roles including Vice President of Specialty Operations, Senior Vice President of Siding, Executive Vice President of OSB, Executive Vice President and Chief Operating Officer, before becoming Chief Executive Officer and Chairperson of the Board.

Also at LOUISIANA-PACIFIC

AJH
Alan J.M. Haughie
EVP and CFO
JPR
Jason P. Ringblom
EVP, General Manager, Siding
JEM
Jimmy E. Mason
EVP, General Manager, OSB

About

The executive is a seasoned leader with over two decades of experience in the forest products industry, having driven strategic transformations and operational improvements at LPX. His career highlights include navigating complex market challenges and achieving key milestones that emphasize his commitment to operational excellence.

Apart from his corporate responsibilities, he has made significant contributions by serving on various influential boards including those of the National Association of Manufacturers, the Forest Products Association of Canada, and the Nashville Branch of the Federal Reserve Bank of Atlanta. These roles underscore his strategic insight and his influential role in shaping industry standards.

An alumnus of the University of Georgia with a strong technical background in forest resources, he has cultivated a reputation for continuous innovation and effective corporate governance. His dynamic approach to leadership, combined with a deep understanding of the market, has been instrumental in positioning LPX for sustained growth and success.

$LPX Performance Under W. Bradley Southern

Past Roles

OrganizationRoleDate RangeDetails
Louisiana-Pacific Corporation (LPX) Executive Vice President and Chief Operating Officer November 2016 to June 2017 N/A
Louisiana-Pacific Corporation (LPX) Executive Vice President and General Manager of Oriented Strand Board (OSB) March 2015 to November 2016 N/A
Louisiana-Pacific Corporation (LPX) Senior Vice President of Siding 2012 to March 2015 N/A
Louisiana-Pacific Corporation (LPX) Vice President of Specialty Operations 2004 to 2012 N/A
Louisiana-Pacific Corporation (LPX) Various positions with increasing responsibilities Since 1999 N/A

External Roles

OrganizationRoleDate RangeDetails
GMS Inc. (NYSE: GMS) Board of Directors Since January 2024 N/A
The Forest Products Association of Canada Board of Directors N/A N/A
Nashville Branch of the Federal Reserve Bank of Atlanta Board of Directors N/A N/A

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base Salary$1,150,000 Annually (2023)Fixed base salary for 2023
Deferred Compensation - Registrant Contributions$146,455 2023Contribution to the Deferred Compensation Plan
Deferred Compensation - Aggregate Earnings$39,981 2023Earnings accrued in the Deferred Compensation Plan
Deferred Compensation - Aggregate Balance$558,154 As of December 31, 2023Total balance in the Deferred Compensation Plan

Performance Compensation

Data from  FY 2023

Annual Cash Incentive Plan

MetricValueDetails
Performance MetricsAdjusted EBITDA, Economic Profit, Business Unit Goals Metrics used to drive profitability
Threshold$690,000 Minimum performance level required
Target$1,380,000 Target award amount
Maximum (Cap)$2,760,000 Maximum award payout
Actual Payout$1,753,737 Achieved 132% of corporate and 115% of business unit goals
Evaluation Period2023Performance measured over the fiscal year 2023

Long-Term Equity Incentive Awards

MetricValueDetails
Award TypesPSUs & RSUs Long-term incentives split into Performance Stock Units and Restricted Stock Units
Performance Metric (PSUs)3-year cumulative Adjusted EBITDA Performance measured over the period 2023-2025
PSUs - Target Shares45,683 shares Threshold: 22,842 shares; Maximum: 91,366 shares
RSUs30,455 shares
Vesting - PSUsVests on February 10, 2026 Subject to achievement of performance goals and possible acceleration
Vesting - RSUsThree equal annual installments starting February 10, 2024
Grant DateFebruary 10, 2023
Grant Date Fair ValuePSUs: $3,120,149; RSUs: $2,000,000; Total: $5,000,000 Fair value of the awards on the grant date
Grant Date Stock Price$65.67 per share Closing stock price on the grant date