Richard Posey - Trex Lead Independent Director

TREX Stock  USD 72.25  1.91  2.72%   

Director

Mr. Richard E. Posey is an Independent Director of the Company. He served as President and Chief Executive Officer of Moen Incorporated, a manufacturer of faucets, from January 2002 until his retirement in September 2007. Prior to joining Moen, Mr. Posey was President and Chief Executive Officer of Hamilton Beach Proctor Silex, Inc., a manufacturer of small kitchen appliances, for five years. Mr. Posey began his career at S.C. Johnson Son, a supplier of cleaning and other household products, where for 22 years he served in a series of increasingly responsible management positions, both overseas and in the U.S., culminating with Executive Vice President, Consumer Products, North America. Mr. Posey is a Founding Trustee, Virginia Commonwealth University School of Engineering Foundation. He received a B.A. degree in English from The University of Southern California and a M.B.A. degree from The University of Michigan. Mr. Posey was initially appointed by the Board in May 2009, renominated in 2010, 2013 and 2016, and renominated this year because the Board felt it was important to find and include a member with consumer product experience. Mr. Posey was primarily chosen due to his professional experience as a chief executive of a number of consumer product companies, and his experience in sales and marketing of consumer products. since 2021.
Age 74
Tenure 3 years
Professional MarksMBA
Address 2500 Trex Way, Winchester, VA, United States, 22601
Phone540 542 6300
Webhttps://www.trex.com
Posey is a Founding Trustee, Virginia Commonwealth University School of Engineering Foundation. He received a B.A. degree in English from The University of Southern California and a M.B.A. degree from The University of Michigan.

Trex Management Efficiency

The company has return on total asset (ROA) of 0.1758 % which means that it generated a profit of $0.1758 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.3021 %, meaning that it created $0.3021 on every $100 dollars invested by stockholders. Trex's management efficiency ratios could be used to measure how well Trex manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Trex's Return On Tangible Assets are fairly stable compared to the past year. Return On Assets is likely to rise to 0.23 in 2024, whereas Return On Capital Employed is likely to drop 0.18 in 2024. At this time, Trex's Total Assets are fairly stable compared to the past year. Non Current Assets Total is likely to rise to about 798.7 M in 2024, whereas Other Current Assets are likely to drop slightly above 11.4 M in 2024.
Trex Company currently holds 32 M in liabilities with Debt to Equity (D/E) ratio of 0.2, which may suggest the company is not taking enough advantage from borrowing. Trex Company has a current ratio of 1.33, which is within standard range for the sector. Note, when we think about Trex's use of debt, we should always consider it together with its cash and equity.

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Trex Company, Inc. manufactures and distributes decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. Trex Company, Inc. was founded in 1996 and is headquartered in Winchester, Virginia. Trex operates under Building Products Equipment classification in the United States and is traded on New York Stock Exchange. It employs 2074 people. Trex Company (TREX) is traded on New York Stock Exchange in USA. It is located in 2500 Trex Way, Winchester, VA, United States, 22601 and employs 1,765 people. Trex is listed under Building Products category by Fama And French industry classification.

Management Performance

Trex Company Leadership Team

Elected by the shareholders, the Trex's board of directors comprises two types of representatives: Trex inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Trex. The board's role is to monitor Trex's management team and ensure that shareholders' interests are well served. Trex's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Trex's outside directors are responsible for providing unbiased perspectives on the board's policies.
Adam Zambanini, President - Trex Residential Products
Frank Iuliis, Group Sales
Richard Posey, Lead Independent Director
Gena Lovett, Independent Director
Ronald Kaplan, Vice Chairman of the Board
Christopher Gerhard, Vice President - Sales
James Cline, Chairman of the Board
William Gupp, Chief Admin. Officer, Sr. VP, General Counsel and Secretary
Gerald Volas, Independent Director
Laura Preston, President - Trex Commercial Products, Inc.
Patricia Robinson, Independent Director
Kristine Juster, Independent Director
Brenda Lovcik, Senior CFO
Jacob Rudolph, Vice Resources
Jay Gratz, Lead Independent Director
Leslie Adkins, Group Development
Michael Golden, Independent Director
Bryan Fairbanks, President, Chief Executive Officer, Director
Viktoriia Nakhla, AdvisIRy Partner
Dennis Schemm, Chief Financial Officer, Senior Vice President
Amy Fernandez, General VP

Trex Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Trex a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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