Governance

Matthew J. Missad, became Chairman of our Board of Directors on February 2, 2023, and Executive Chairman of our Board on December 29, 2024.He became the fifth Chief Executive Officer in the Company’s history on July 13, 2011, and President of the Company on January 1, 2023, positions he held until his appointment as Executive Chairman. From 1996 to 2011, he was Executive Vice President, General Counsel and Secretary, in addition to serving on the boards of subsidiary entities, including international partnerships. Mr. Missad served on the board of Independent Bank Corporation (Nasdaq: IBCP) from October 2014 to April 2024, and served on its Compensation Committee. Mr. Missad has a JD degree, is a member of the Michigan Bar Association, has a CPA certificate of examination, and is a licensed real estate broker.

William (Will) D. Schwartz, Jr., became President and Chief Executive Officer of the Company on December 29, 2024.Before assuming the role of President and CEO, Mr.Schwartz served as President of UFP Retail Solutions, LLC, a wholly owned subsidiary and approximately $2.6 billion segment of the Company that specializes in yard and home products, a position he held since January 1, 2023. Mr. Schwartz joined the Company in 1998, and advanced into a variety of roles including account manager, sales manager, and regional sales director. He is a past member of our CEO Club, which recognizes the Company’s top salespeople. Mr.Schwartz served as general manager of operations for several Company plants, became an operations vice president in 2014, executive vice president of purchasing in 2020, and executive vice president of operations services in 2022.

Joan A. Budden, is the President of a boutique consulting company specializing in strategic planning, leadership development, culture change and strategic marketing. From January 2016 until January 2021, she was President and CEO of Priority Health, one of Michigan’s largest health plans with $4 billion in annual revenue. In that role, she successfully led a large acquisition, expanded their market share and geographic footprint and drove profitable growth. Before becoming CEO, Ms. Budden served as Chief Marketing Officer for Priority Health since 2009. Ms. Budden’s responsibilities as Chief Marketing Officer included leading strategic positioning and profitable growth for direct to consumer, government and business-to-business markets. Ms. Budden also serves on the board of Independent Bank Corporation (Nasdaq: IBCP), on the board of AARP Services, Inc, a subsidiary of AARP, and on the board of Together Women’s Health.

Benjamin J. McLean, has been Chief Executive Officer of Ruan Transportation Management Systems, one of the largest privately-held logistics firms in the United States, since 2015. Since joining Ruan in 2007, Mr. McLean has also served as Ruan’s chief operating officer and chief information officer. Prior to joining Ruan, Mr. McLean assisted companies with mergers, acquisitions and equity offerings at William Blair & Company in Chicago, IL, and delivered technology consulting services as part of Deloitte Consulting’s Chicago office. Mr. McLean serves on the board of the American Transportation Research Institute and on the board of the American Trucking Associations. He also is a member of the Northwestern University Transportation Center Business Advisory Committee and a member and prior chair of the Iowa Business Council. Mr. McLean also served as chair of the Governor’s Economic Recovery Advisory Board for the State of Iowa.

Thomas W. Rhodes, is President and Chief Executive Officer of TWR Enterprises, Inc.of Corona, CA, a framing company he founded in 1984.TWR is one of the oldest and largest framing companies in Southern California. Mr. Rhodes served as a board member of the California Framing Contractors Association, Building Industry Association- Orange County, and the California Professional Association of Specialty Contractors- Orange County/Inland Empire. He was appointed Lead Independent Director of the Company on February 2, 2023.

Mary Tuuk Kuras, is CEO of MTK Practical Leadership, offering a common-sense approach to strengthening skills for executive leaders. Her work accelerates learning and effectiveness by teaching from real-life situations and passing on valuable knowledge from her 34 years of executive experience in multiple industries. Ms. Tuuk Kuras also serves an Interim CEO of the Grand Rapids Symphony in Grand Rapids, MI. She served as President and CEO of the Grand Rapids Symphony from January 2019 until her retirement on December 31, 2022.Before joining the Symphony, she served as Chief Compliance Officer/Senior Vice President, Properties and Real Estate for Meijer, Inc., a regional retail chain. Prior to her tenure with Meijer, she was Executive Vice President of Corporate Services, and Secretary of the Board of Directors for Fifth Third Bancorp of Cincinnati, OH. Ms. Tuuk Kuras’ previous positions with Fifth Third included Executive Vice President and Chief Risk Officer of Fifth Third Bancorp, and President of Fifth Third Bank (Western Michigan), where she had leadership responsibility for the growth and strategic direction of major lines of business. She was named one of the ‘‘25 Women to Watch in Banking’’ by the American Banker magazine each year from 2008 to 2014.She serves on the board of Western Alliance Bancorporation (NYSE:WAL), a regional bank with more than $90 billion in assets, and on the boards of Chorus America and the Grand Rapids Symphony.

Ronald K. Grubbs, Jr., is President of Alliance Plastics, a position he has held since founding the company in 2002. Based in Rock Hill, South Carolina, Alliance Plastics is a leading manufacturer and distributor of high-quality industrial films and materials, providing innovative solutions for packaging, manufacturing, and specialized applications worldwide. Mr. Grubbs is a U.S. Army veteran and served on the board of Curative Connections. He has been a director of UFP Industries since April 2026.

Brian C. Walker, joined the private equity firm of Huron Capital in January 2019 and served as an Operating Partner until January 2024. He retired as Director, President and Chief Executive Officer of Herman Miller, Inc., now MillerKnoll, of Zeeland, MI on August 31, 2018, and previously served as its chief operating officer and chief financial officer. Prior to Herman Miller, he was a Certified Public Accountant with Arthur Andersen. Mr. Walker serves on the boards of directors of Gentex Corporation (Nasdaq: GNTX) and Horizon Bancorp, Inc. (Nasdaq: HBNC). He served on the board of Cooper Tire & Rubber Company from 2018 to 2021, on the board of Briggs & Stratton Corporation from 2002 to 2020, and on the board of the Federal Reserve Bank of Chicago-Detroit Branch from 2009 to 2012.

Michael G. Wooldridge, serves as Counsel with the law firm of Varnum LLP, headquartered in Grand Rapids, MI. He joined Varnum in 1984 and from 1990 through 2024 was a partner in the firm’s corporate practice group, focusing on corporate governance, securities, and mergers and acquisitions. Mr. Wooldridge served on and chaired the firm’s policy committee and has been included in The Best Lawyers in America since 2005. He serves on the board of directors of Independent Bank Corporation (Nasdaq: IBCP). He also serves on the board of the YMCA of Greater Grand Rapids and served on the boards of several other community organizations.