LP Building Solutions Announces Chief Financial Officer Succession Plan

NASHVILLE, Tenn.--(BUSINESS WIRE)--Jun 1, 2026--

LP Building Solutions (LP) (NYSE: LPX), a leading manufacturer of high-performance building products, today announced that Executive Vice President and Chief Financial Officer (CFO) Alan Haughie plans to retire and that Aaron Howald has been appointed as his successor, effective September 1, 2026.

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To ensure a seamless transition and continuity through the completion of the company’s 2026 Annual Report process, Haughie will serve in an advisory capacity through February 2027.

“Alan has been an exceptional leader and partner during a period of important transformation for LP,” said Chief Executive Officer Jason Ringblom. “We are deeply grateful for his contributions, particularly his leadership in establishing our disciplined capital allocation strategy and building a high-performing finance organization. We appreciate his continued support during this transition period.”

Haughie joined LP in 2019 as Executive Vice President and CFO after a distinguished career spanning public accounting, manufacturing, and business services.

Howald joined LP 15 years ago and has held leadership positions across continuous improvement, corporate finance, business development, investor relations, and financial planning and analysis. Most recently, he has served as Vice President, Investor Relations and Business Development. Prior to joining LP, he was a Senior Manager with The Thomas Group, a management consulting firm. He earned an MBA from the Indiana University Kelley School of Business and a Bachelor of Arts in Finance and Economics from Franklin College.

“Aaron is a highly respected leader with deep knowledge of our business, strategy, and financial operations,” said Ringblom. “Over the past 15 years, he has made significant contributions across multiple areas of the company and has helped strengthen our relationships with investors and analysts. Having worked closely with Alan for many years, he is exceptionally well prepared to assume the CFO role and help lead the company’s next chapter of growth.”

About LP Building Solutions

As a leader in high-performance building solutions, Louisiana-Pacific Corporation (LP Building Solutions, NYSE: LPX) manufactures engineered wood products that meet the demands of builders, remodelers, and homeowners worldwide. LP’s extensive portfolio of innovative and dependable products includes Siding Solutions (LP ® SmartSide ® Trim & Siding, LP ® SmartSide ® ExpertFinish ® Trim & Siding, LP BuilderSeries ® Lap Siding, and LP ® Outdoor Building Solutions ® ), LP ® Structural Solutions (LP ® FlameBlock ® Fire-Rated Sheathing, LP BurnGuard ™ FRT OSB, LP WeatherLogic ® Air & Water Barrier, LP ® TechShield ® Radiant Barrier Sheathing, LP Legacy ® Premium Sub-Flooring, and LP ® TopNotch ® 350 Durable Sub-Flooring) and LP ® Oriented Strand Board. In addition to product solutions, LP provides industry-leading customer service and warranties. Since its founding in 1972, LP has been Building a Better World ™ by helping customers construct beautiful, durable homes while shareholders build lasting value. Headquartered in Nashville, Tennessee, LP operates more than 20 manufacturing facilities across North and South America. For more information, visit LPCorp.com.

Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based upon the beliefs and assumptions of, and on information currently available to, our management; assumptions upon which such forward-looking statements are based are also forward-looking statements. Forward-looking statements can be identified by words such as “may,” “will,” “could,” “should,” “believe,” “expect,” “anticipate,” “assume,” “intend,” “plan,” “seek,” “estimate,” “project,” “target,” “potential,” “continue,” “likely,” or “future,” as well as similar expressions, or the negative or other variations thereof. Forward-looking statements include other statements regarding matters that are not historical facts, including statements regarding the departure and election of certain officers, among other matters. The actual results may differ materially from those anticipated in the forward-looking statements as a result of numerous factors, many of which are beyond LP’s control, including the risks and uncertainties disclosed in LP’s reports filed from time to time with the SEC, including its most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, available at www.sec.gov. Except as required by law, LP does not intend to update any forward-looking statement to reflect new information, subsequent events, or circumstances arising after the date hereof.

LP Building Solutions Vice President, Investor Relations and Business Development and CFO-Elect Aaron Howald

LP Building Solutions Executive Vice President and Chief Financial Officer Alan Haughie

Artificial intelligence company Anthropic is moving toward going public on Wall Street, the latest chapter in its meteoric rise from a little-known research laboratory to one of the leading AI companies valued at $965 billion.

Anthropic said Monday it has submitted a confidential filing with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock.

“This gives us the option to go public after the SEC completes its review,” Anthropic said in a brief statement. “The proposed initial public offering will depend on market conditions and other factors.”

The company said it hasn't decided on the number or price of shares to be offered.

Anthropic said last week it had raised $65 billion in private funding that will push its valuation to $965 billion, a whopping number that makes the five-year-old maker of the Claude chatbot one of the world’s most valuable startups.

Anthropic now has vaulted ahead of its chief rival, ChatGPT maker OpenAI, not only in market value and reported revenue but also on the path to becoming a publicly traded company.

“I think we were all expecting OpenAI to go first, so it was a little bit surprising,” said Patrick Corrigan, a law professor at Notre Dame University who studies IPOs. “Public investors are going to be comparing them roughly around the same time, and so there seems to be a bit of a first movers’ advantage here.”

Anthropic said it’s now making annualized revenue of $47 billion from selling its technology to people and organizations using Claude to write code and do other work and personal tasks on their behalf.

Anthropic was formed in 2021 by ex-OpenAI leaders and now both AI firms, along with Elon Musk’s rocket and AI company SpaceX, are all expected to become publicly traded. All three have been losing more money than they make, fueling concerns of an AI bubble.

Wedbush Securities analyst Dan Ives said Anthropic’s move marks a major step for the company to get ahead of OpenAI and "an opening of the floodgates for the IPO market, which has been relatively dormant for a few years, with these three major conglomerates set to go public later this year.”

Corrigan said the race between Anthropic, OpenAI and SpaceX resembles in some ways the rush by startups to go public in the early internet era. Some of those companies — like Amazon — did well, and others infamously failed during the dot-com crash but still left new technology that changed society and work life.

“Whenever there is speculation, there’s also usually substance and fundamentals,” Corrigan said. “The question here is whether the price investors are going to end up paying is going to match up to the substance and fundamentals of what AI is really going to do in the real economy and as a business.”

Claude’s growing popularity has left OpenAI playing catch-up despite its early lead in making ChatGPT a household name that sparked a commercial AI boom. Anthropic also last week launched its newest AI model, called Claude Opus 4.8, boasting that it is even better at coding and other professional work than previous models.

OpenAI last reported in March it was heading toward a $852 billion valuation after a $122 billion fundraising round. It has not yet reported filing initial IPO paperwork with the SEC.

SpaceX was valued at $800 billion last year, but its value grew to $1.25 trillion after the space exploration company merged with Musk’s xAI in February. Musk recently announced plans for one of the biggest stock sales ever and will be able to pitch the offering to investors as soon as this week.

FILE - Pages from the Anthropic website and the company's logo are displayed on a computer screen in New York, Feb. 26, 2026. (AP Photo/Patrick Sison, File)