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USG Names New COO

USG International President Jennifer F. Scanlon gets a shiny new title, and Executive VP Christopher R. Griffin becomes COO.

By Rich Smith – Sep 19, 2013 at 3:35PM EST

Two of Chicago-based USG's (USG +0.00%) senior executives are due to be promoted next month.

On Wednesday, USG announced it had promoted Executive Vice President for Operations Christopher R. Griffin to the position of executive vice president and chief operating officer, effective Oct. 1. Also on that date, Vice President of USG and President of its international operations Jennifer F. Scanlon will be promoted to the position of senior vice president of USG, while remaining president of the international division.

In a filing with the Securities and Exchange Commission, USG disclosed that it will pay Griffin an annual base salary of $535,000, and award him 10,000 shares of restricted stock, vesting over four years, under the company's long-term incentive plan.

Scanlon's compensation scheme had not been disclosed.

Griffin has been with the company for the past 13 years, and Scanlon for the past 10.

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About the Author

Rich Smith
Rich Smith is a contributing Motley Fool defense and stock market analyst covering publicly traded and emerging companies in defense, space, aerospace, and other sectors. Prior to The Motley Fool, Rich practiced international corporate law for Clifford Chance in Russia, and for the Russian-Ukrainian Legal Group in Moscow, Kyiv, and Washington, D.C. He holds a bachelor’s degree in international relations from the College of William & Mary, a law degree from the University of Baltimore, and a language certification from the International Institute of Russian Language & Culture in Tver, Russian Federation. The Globe and Mail once featured him as “one of the best stock pickers since 2009.”
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Stocks Mentioned

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NYSE: USG
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