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    W. Bradley Southern

    Chairperson of the Board and CEO at Louisiana-Pacific Corp
    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 Corp

    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