The UL Board of Directors has appointed Jennifer Scanlon as president and CEO of UL and a member of the UL Board of Directors, effective September 30, 2019. 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, Scanlon 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 USD 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 April 24, 2019. She is the first woman to serve as president and CEO of UL.
James Shannon, Chair of the UL Board of Directors and of the Underwriters Laboratories Board of Trustees, said, “Jenny brings exceptional integrity, experience, talent and technology expertise to UL. A Chicago-area native, Jenny also has a global perspective that is certain to benefit UL having previously led USG’s 8,000 employees around the world.”
“It is an honour to be joining UL as technological advances continue to drive dramatic changes in UL’s clients’ operations,” said Scanlon.