Vance Bell Transitions To Executive Chairman Of Shaw Industries
Tim Baucom Named President And CEO Effective April 5 Thursday, March 11, 2021
Vance Bell
Shaw Industries Group Inc., a subsidiary of Berkshire Hathaway, Inc., announced Thursday that Vance Bell has been named executive chairman and will be stepping down as CEO effective April 5. The company said that in addition to his role as president, Tim Baucom will succeed Mr. Bell as CEO. After nine to 12 months as executive chairman, Mr. Bell will move to non-executive chairman of the company.
“After 45 years as part of the Shaw organization and 15 years as CEO, it is time to provide room for another generation of leadership, said Mr. Bell. I’m pleased that Tim Baucom will become our new president and CEO effective April 5. Tim has the character, experience and leadership skills to be an outstanding chief executive for Shaw. Under his leadership I have no doubt that the company will achieve new and higher levels