GRAND RAPIDS, Mich. (News release) -- UFP Industries, Inc. announced that Stanley Elliott has joined the company as director of investor relations. Stanley will begin assuming the IR duties currently overseen by Dick Gauthier, who will retire at the end of 2024 after 40 years with the company.

Stanley joins UFP Industries from Stifel Financial Corporation, a multinational wealth management and investment banking firm, where he served as managing director on Stifel's equity research platform. He joined Stifel in 2006, supporting the research of the home furnishings and building materials industries. In 2011 he launched coverage on the industrial space and served as managing director of the diversified industrials sector, covering machinery, construction materials and building materials. Stanley has won StarMine awards for both earnings estimates and stock selection, and his equity research coverage universe included UFP Industries.

"We're thrilled to have Stanley's talent and experience in this role," said UFP Industries CFO Mike Cole. "Stanley's knowledge of our company, culture and industry is impressive, and when combined with his extensive experience in sell-side investment research, gives us the ability to create a best-in-class investor relations program. We would also like to congratulate Dick Gauthier on his upcoming retirement and recognize his dedication to UFP Industries and contributions to our company over the past four decades across numerous leadership roles."