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United States

Headwaters Inc (HW)

HW on New York Consolidated

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Summary

Name Age Since Current Position

Kirk Benson

66 1999 Chairman of the Board, Chief Executive Officer

James Herickhoff

73 1999 Vice Chairman of the Board and Lead Independent Director

Donald Newman

52 2010 Chief Financial Officer

William Gehrmann

60 2004 President of Headwaters Construction Materials Division

Murphy Lents

65 2014 President - Headwaters Siding and Roofing Group

William Robinson

64 2016 President- Headwaters Windows Division

Brent Spann

45 2014 President- Headwaters Stone Division

Harlan Hatfield

56 1999 Vice President, General Counsel, Secretary

Thomas Chieffe

59 2014 Independent Director

R. Sam Christensen

68 2003 Independent Director

Blake Fisher

71 2004 Independent Director

Malyn Malquist

64 2003 Independent Director

Sylvia Summers

64 2013 Independent Director

Sharon Madden

Vice President of Investor Relations

Biographies

Name Description

Kirk Benson

Mr. Kirk A. Benson is Chairman of the Board, Chief Executive Officer of Headwaters Incorporated. Prior to joining Headwaters, Mr. Benson was Senior Vice President of Foundation Health Systems, Inc., one of the nation’s largest publicly traded managed healthcare companies. Mr. Benson was with Foundation Health Systems and its predecessors for approximately ten years, holding various positions including president and chief operating officer for commercial operations, general counsel, and senior vice president for development with responsibility for merger and acquisition activity. He also holds a Master of Laws in Taxation from the University of Denver, and a Master of Accountancy and Juris Doctorate from Brigham Young University.

James Herickhoff

Mr. James A. Herickhoff is Vice Chairman of the Board and Lead Independent Director of Headwaters Incorporated. Mr. Herickhoff is the Chief Executive Officer, President and a Principal of American Talc Company, the second largest producer of talc products in the United States. Mr. Herickhoff has served as an officer of this company or its predecessor since 2000. From 1987 to 1994, he served as President of Atlantic Richfield Company’s (ARCO’s) Thunder Basin Coal Company. Mr. Herickhoff has over 30 years of experience in the coal and mining industries and extensive experience in strategic positioning of these companies for long-term growth and competitiveness. Mr. Herickhoff led the growth of the Black Thunder and Coal Creek coal mines from 19 million to approximately 40 million tons per year of production. Mr. Herickhoff previously served as President of Mountain Coal Company, managing all of ARCO’s underground mining and preparation plants. Mr. Herickhoff is the past President of the Wyoming Mining Association and a former Board member of the Colorado and Utah Mining Associations. Mr. Herickhoff received a Bachelor degree in 1964 from St. John’s University, a Master of Science degree in 1966 from St. Cloud State University and attended the Kellogg Executive Management Institute at Northwestern University in 1986.

Donald Newman

Mr. Donald P. Newman CPA is Chief Financial Officer of Headwaters Incorporated. Prior to joining Headwaters, Mr. Newman served as Interim Chief Financial Officer or Vice President—Corporate Controller of Boart Longyear Limited (Boart) from October 2006 to December 2010. Boart is the world’s leading integrated drilling services and minerals industry manufacturing company providing goods and services to mining companies. From January 2004 to October 2006, Mr. Newman was Vice President—Corporate Controller and Chief Accounting Officer of ACI Worldwide, Inc., a leading international provider of electronic payment software and services. From June 1991 until January 2004, Mr. Newman held a number of finance and accounting leadership roles with NRG Energy, Inc. (NRG), an international independent electric generation company. From July 1987 until joining NRG, Mr. Newman worked for Deloitte LLP in its audit services group. Mr. Newman graduated from the University of Minnesota in 1987 with a Bachelor of Accounting degree and is a certified public accountant.

William Gehrmann

Mr. William H. Gehrmann, III is President of Headwaters Construction Materials Division of Headwaters Incorporated. Mr. Gehrmann was appointed President of the Headwaters Construction Materials Division in October 2004. Mr. Gehrmann has been with the Headwaters Construction Materials Division and its predecessors since 1985 and was appointed Senior Vice President, Operations in 2004 and was Senior Vice President, Southern Region for the previous five years. During his time with Headwaters Resources, Mr. Gehrmann has been responsible for the development of new products utilizing coal combustion products, the construction and operation of hazardous and non-hazardous waste landfills, and the design and operation of material handling systems. Mr. Gehrmann has worked in the coal combustion products industry since 1985 where he has received a patent, authored numerous technical papers, and developed new products utilizing CCPs. Mr. Gehrmann graduated from the University of Texas at Austin in 1984 with a B.S. degree in Architectural Engineering, with specializations in structural engineering and construction management.

Murphy Lents

Mr. Murphy K. Lents is the President - Headwaters Siding and Roofing Group of Headwaters Incorporated. Mr. Lents was appointed President of Headwaters Siding and Roofing Group in August 2014. Previously, beginning in April 2008, Mr. Lents served as President of Headwaters Stone Division. Mr. Lents joined Headwaters as President of Headwaters Construction Materials in July 2004 following Headwaters’ acquisition of Southwest Concrete Products, LP, a company Mr. Lents co-founded in 1997, which grew to become a large concrete products company in Texas. Prior to 1997, Mr. Lents co-founded and worked for Independent Gas Company, a retail propane distributor in Texas, for four years, serving as President for one year. He previously worked as chief financial officer of a Houston real estate developer for six years, was an executive with Beacon Management, a venture capital firm, for two years, and was employed in banking for five years with J.P. Morgan and Company. Mr. Lents received his B.A. degree from Rice University in English and Spanish Literature in 1973 and his MBA from the Wharton School of the University of Pennsylvania in 1975.

William Robinson

Mr. William E. Robinson is President- Headwaters Windows Division of Headwaters Incorporated. Mr. Robinson was appointed President of the Headwaters Windows Division in October 2016 following the acquisition of Krestmark Industries, L.P. in August 2016. Mr. Robinson founded Krestmark Industries in June 2004 and built the company into a leading manufacturer of premium vinyl and aluminum windows serving the Texas and South Central regions of the U.S. Mr. Robinson has over 45 years of experience in the window industry. Mr. Robinson is a second generation “window man.” His father founded the original Krestmark in 1964, where Mr. Robinson worked from 1967 to 1980 in various roles. From 1981 to 1982, Mr. Robinson was a Sales Representative for Skotty Aluminum; from 1983 to 2001, Mr. Robinson was VP Sales for H-R Windows; and from 2002 to 2004, Mr. Robinson was General Manager of H-R Windows.

Brent Spann

Mr. Brent A. Spann is President- Headwaters Stone Division of Headwaters Incorporated, in August 2014. Mr. Spann was appointed President of the Headwaters Stone Division in August 2014. Mr. Spann joined Headwaters in July 2004 as Vice President of Marketing & Product Development for Eldorado Stone and his most recent position was Vice President of Sales & Marketing for the Headwaters Stone Division. Mr. Spann has played an instrumental role in the development and introduction of numerous new products and brand extensions. His industry-leading market and brand strategies for Eldorado Stone contributed to securing a leading market position in the manufactured stone industry. Prior to joining Headwaters, Mr. Spann was employed by Dacor Appliances as Marketing/Brand Manager and a member of the Senior Management Strategy Team. Mr. Spann received his B.S. degree in Business Administration with specializations in Marketing & Professional Selling from California Polytechnic University in 1995.

Harlan Hatfield

Mr. Harlan M. Hatfield is Vice President, General Counsel, Secretary of Headwaters Incorporated. He has served as Corporate Counsel since October 1996, as Vice President and General Counsel since July 1998 and as Secretary since July 1999. His activities with us have included project development, intellectual property, licensing, strategic business acquisitions, divestitures, and debt and equity financings. As General Counsel he oversees the legal staff and outside legal counsel, litigation, regulatory issues, contracts and other legal matters. Prior to his employment with us, he was in private practice at the Seattle law firm of Oles, Morrison and Rinker for more than nine years where he was a partner. Mr. Hatfield obtained a B.A. degree in Public Policy from Brigham Young University in 1984 and a Juris Doctorate from the University of Minnesota in 1987.

Thomas Chieffe

Mr. Thomas N. Chieffe is an Independent Director of Headwaters Incorporated, effective October 1, 2014. Mr. Chieffe has over 20 years of building products experience and most recently served as the Chief Executive Officer of RSI Cabinets, a division of RSI Home Products, Inc., a position that he held from 2013 to 2016. From 2011 until joining RSI Cabinets, he was an Operating Executive for Oaktree Capital, a global asset management firm. From 2006 until 2011, Mr. Chieffe served as President and CEO of Associated Materials Incorporated, a producer and distributor of windows, siding and other building products. Before his time with Associated Materials, Mr. Chieffe held various executive positions with Masco Corporation, including Group Vice President of the Retail Cabinet Group. He currently sits on the board of directors for Knape and Vogt and Dayton Superior Corporation. He graduated from Clarion University of Pennsylvania with a Bachelor of Science degree in Business Administration.

R. Sam Christensen

Mr. R. Sam Christensen is an Independent Director of Headwaters Incorporated. R Sam Christensen has served as a Director of Headwaters since January 2003. Since 1996, Mr. Christensen has spent the majority of his time managing BBV, LLC and Black Bear Ventures, LLC, both of which are private investment firms, and evaluating new business opportunities. Prior to 1996, Mr. Christensen was Chairman and majority owner of Richmond Holdings, Inc., a privately-held corporation engaged in developing, designing, manufacturing and selling flexible packaging materials and static control devices worldwide to the electronics and pharmaceutical industries. Richmond Holdings, Inc. was subsequently sold to a publicly-traded firm in 1996. Mr. Christensen began his career as an auditor with the firm of Touche Ross & Co. where, he spent nearly ten years. His final assignment, before resigning, was managing their Salt Lake City office and its audit and tax practice. Mr. Christensen earned a B.S. degree in Accounting from Brigham Young University in 1972.

Blake Fisher

Mr. Blake O. Fisher, Jr. is an Independent Director of Headwaters Incorporated. Mr. Fisher has served as a Director of Headwaters since November 2004. From May 2004 through 2008 Mr. Fisher was involved in management and financial consulting to the telecommunications and utility industries including providing consultation to the Rural Utilities Service’s broadband program. From May 2004 until December 2004 he served as chief financial officer for Fiber Utilities of Iowa, an entity that provides operation and construction services to municipal utilities. In May 2002, Mr. Fisher retired from McLeod USA, a telecommunications provider. From February 1996 to May 2002, he held senior management positions with McLeod USA, initially as Chief Financial Officer, then President of the company’s Western region and as Chief Development Officer. From 1991 until February 1996 Mr. Fisher was Chief Financial Officer of IES Industries, an energy holding company. Prior to that, Mr. Fisher spent 23 years in several management positions with Consumer Power Company, headquartered in Michigan. Mr. Fisher received B.S. and M.S. degrees in Industrial Engineering from the University of Michigan.

Malyn Malquist

Mr. Malyn K. Malquist is an Independent Director of Headwaters Incorporated. Malyn K. Malquist has served as a Director of Headwaters since January 2003. Mr. Malquist worked for Avista Corp., an energy utility in the Pacific Northwest, from September 2002 through March 2009, and served as the Chief Financial Officer for almost six years. Mr. Malquist has 30 years of experience in the utility industry, many of which were in financial leadership positions. Mr. Malquist worked for the Truckee Meadows Water Authority from February 2001 until September 2002, serving as its General Manager. Mr. Malquist was CEO of Data Engines, a high tech start-up company from May 2000 through October 2000. Mr. Malquist was employed by Sierra Pacific Resources from 1994 through April 2000, initially as its Chief Financial Officer, and later as President, CEO and board member. Mr. Malquist worked for San Diego Gas and Electric from 1978 through 1994 in a variety of financial positions, including Vice President-Finance and Treasurer. Mr. Malquist became a director of TC Pipelines LP, a public company, in 2011 and currently serves as chairman of the Audit Committee of that company. Mr. Malquist received BA and MBA degrees from Brigham Young University.

Sylvia Summers

Ms. Sylvia Summers is an Independent Director of Headwaters Incorporated. Ms. Summers has served as a Director of Headwaters since January 2013. Ms. Summers has worked in the high tech industry for 35 years, where she held a variety of management positions in research and development, operations and marketing, residing both in Europe and the U.S. and managing large teams in Asia, in particular Greater China and Japan. For 18 years, she was in charge of large operations for such companies as Cisco, Spansion and Trident Microsystems. Ms. Summers has served on the board of directors of four U.S. public companies where she was a member of various audit, compensation, governance and mergers and acquisitions committees. In 2013, Ms. Summers became a director for Semtech Corporation, a publicly-traded global supplier of analog and mixed-signal semiconductor products, and currently serves on the Compensation Committee of that company. In 2015, Ms. Summers became a director for Alcatel-Lucent S.A., a French global communications equipment and services company. In September 2015, Ms. Summers became chairman of the Audit Committee and in November 2016, as Alcatel-Lucent was sold to Nokia, she resigned from that board. In August 2016, Ms. Summers became a director elect for Aristocrat Entertainment, an Australian-based company. Ms. Summers has dual French and U.S. citizenship and is fluent in French and English. Ms. Summers received a BS degree in electrical engineering from Ecole Polytechnique Feminine (France) in 1976, an MS degree in electrical engineering from the University of California at Berkeley in 1977, and an MBA degree from Thomson CSF (France) in 1988.

Sharon Madden