UFP Industries Names Scott Worthington IR Vice President
Worthington, president of UFP Packaging, will move into the investor relations role as Stanley Elliott departs for a position outside the company.
Updated on Nov. 4, 2026 in People
UFP Industries named Scott Worthington vice president of investor relations, succeeding Stanley Elliott, who accepted a role outside the company. Worthington, currently president of the UFP Packaging business, begins the transition in November.
Why it matters
The move reshuffles senior leadership at the Grand Rapids-based company just as it reports a sharp drop in third-quarter profit. The company did not say who will lead UFP Packaging.
UFP Industries' third-quarter profit fell 23% even as sales rose 11%, with freight costs offsetting the top-line gain. UFP Packaging agreed to buy Texas pallet maker Apache Products for $27 million.
The players
UFP Industries
UFP Industries is a Grand Rapids, Michigan-based manufacturer of wood and packaging products, including pallets, crates and industrial packaging.
Scott Worthington
Scott Worthington is president of UFP Packaging and is moving into UFP Industries' investor relations leadership role.
Stanley Elliott
Stanley Elliott served as UFP Industries' director of investor relations before accepting a role outside the company.
The details
Scott Worthington, president of the UFP Packaging business, will become vice president of investor relations, taking over from Stanley Elliott, the company's director of investor relations. Elliott accepted a role outside UFP Industries, and Worthington begins the transition in November.
Timeline
November 2026: Scott Worthington begins the transition into the investor relations role.
People Moves in Context
The leadership reshuffle comes as UFP Packaging agreed to buy Texas pallet maker Apache Products for $27 million, a deal that expands the packaging unit Worthington has led. It also follows a quarter in which freight costs offset sales growth at the Grand Rapids company.
For shareholders and analysts following UFP Industries, the change puts a new point of contact in charge of investor relations as the company works through profit pressure from freight costs. Customers of UFP Packaging's pallets and crates may see leadership changes in that unit once a successor is named.
The takeaway
Leadership transitions in investor relations often signal how a company plans to communicate results during periods of margin pressure. Watch for the naming of UFP Packaging's next leader to see how the unit's expansion is managed.
Further reading
For more on corporate leadership changes in the region, see People coverage.
Source note: This article includes information reported by Lesprom Network.
