STORE SPACES

Stego embarks on carbon footprint project

BY Marianne Wilson

Chicago — Stego Industries, a provider of in below-slab moisture vapor protection, has launched an ambitious new company-level initiative to eliminate the carbon emissions of its business operations.

The initiative, Stego’s Carbon Footprint Project, took another step toward this goal at the American Association of Architects (AIA) National Convention in Chicago last week by purchasing carbon offsets for all of the company’s air travel in 2013 — some 115 metric tons — through the TerraPass Carbon Balanced Business Program.

“Stego has long taken bold steps to lead the construction industry onto a more sustainable path,” Stego Industries CEO Paul J. Blasdel said. “Encapsulating our sustainability efforts under the Carbon Footprint Project umbrella sends a message within our company and to our stakeholders that eliminating our carbon emissions is not a side project, it is a corporate priority.”

Stego’s commitment to a carbon-neutral future began early in the company’s history with the establishment of an executive level “green team” that convened quarterly to assess the company’s progress on sustainability issues within its company and its industry. The team’s first major step came with the installation of solar panels at the company headquarters in San Clemente, California, in 2010, which have returned more than 4.7 megawatt/hours of electricity back into the electricity grid since their installation.

A member of the United States Green Building Council (USGBC), Stego has also sponsored the ABC Green Home since the project’s inception in Southern California in 2011.The company offers cash incentives to employees interested in replacing their work-use personal vehicles with more fuel-efficient models.

“We owe it to our stakeholders and employees – along with their children and future generations – to find every way forward to a more sustainable future,” Blasdel said. “We are determined to lead our industry in every way and to prove that sustainability is not just good for the environment, it is good for our bottom line.”

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Hershey board chairman joins MWV as director

BY CSA STAFF

MWV’s board of directors chose James Nevels as a new member, the packaging company announced Thursday.

Nevels, the 62-year-old chairman of the Philadelphia-based investment advisory firm The Swarthmore Group and president of the Hershey Company’s board of directors, will work on MWV’s development and auditing committees. He joins the board as the company works to increase its margin goals and expand its packaging endeavors.

Before founding the Swarthmore Group in 1991, Nevels worked in investment and securities firms like Smith Barney and Prudential Bach Securities. He also serves as the Federal Reserve Bank of Philadelphia’s board chairman.

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Chico’s FAS taps new SVP, CFO

BY CSA STAFF

Chico’s FAS has appointed Todd E. Vogensen as SVP, CFO, replacing Pamela Knous, who has left the company.

Prior to his appointment as CFO, Vogensen had been the company’s SVP of finance. He will report to Kent Kleeberger, who himself filled the CFO spot from 2008 to 2011 and is currently EVP, COO.

Vogensen joined the company in October 2009 as VP of planning and strategy, followed by the role of VP of investor relations before his promotion to SVP of finance. Previously, he held multiple positions of increasing scope and responsibility with Michaels from January 2005 to October 2009, including corporate controller and VP of merchandising and marketing finance. Before joining Michaels, Vogensen served as assistant corporate controller of Gap from 2003 to 2005. Vogensen has also held multiple finance management positions at Hewlett Packard Company, and he practiced as an audit manager and CPA with PricewaterhouseCoopers LLP.

“We are pleased to promote such an outstanding financial executive. Todd’s contributions have been of significant value to our success and growth over the last five years,” said CEO and president David F. Dyer.

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