Monday 25 January 2021

Underwriters Laboratories gets first woman CEO

DUBAI, September 23, 2019

UL and parent company Underwriters Laboratories has appointed Jennifer Scanlon as its president and CEO replacing Keith Williams who steps down after 15 years of service.

Effective September 30, Scanlon will become the first woman to lead the 125-year-old organisation.

Scanlon most recently served as president, CEO and a director of USG Corporation, a 116-year-old innovative building products manufacturer and one of UL’s oldest clients.

Over her 16-year career at USG, she led the company through some of its most significant strategic moves, including establishing the global joint venture, USG Boral Building Products, and divesting L&W Supply.

In 2018, she negotiated the sale of USG to Knauf for $7 billion, which represented a 76 per cent premium to the company’s stock price compared to when Scanlon was named CEO.

The transaction closed on April 24. She is the first woman to serve as president and CEO of UL.

Announcing the appointment, the UL Board of Directors said Williams has decided to retire as president and CEO but will continue to support each organization through an interim period to ensure a smooth transition.

Underwriters Laboratories also announced that its board of trustees has appointed Terrence Brady, currently president of Underwriters Laboratories, as president and CEO of Underwriters Laboratories, effective January 1, 2020.

Brady will continue to lead the transformation of the organistion to become the world’s leading safety science research and standards development institution, it added.

On the new appointment. James Shannon, chair of the UL Board of Directors and of the Underwriters Laboratories Board of Trustees, said: "Scanlon brings exceptional integrity, experience, talent and technology expertise to UL. A Chicago-area native, she also has a global perspective that is certain to benefit UL having previously led USG’s 8,000 employees around the world."

"Given her dedication to safety and innovation and her demonstrated success in growing a global business, we are confident she is the right leader for UL at this time," he stated.  

On her new role, Scanlon said: "It is an honour to be joining UL as technological advances continue to drive dramatic changes in UL’s clients’ operations."

"As a mission driven organization with a record of innovation, UL is in a unique position to assist our clients in enabling the safe adoption of their products. I look forward to working with UL’s 14,000 talented associates around the world to advance our capabilities and build on UL’s 125-year legacy of safety and trust," she added.-TradeArabia News Service


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