DUBUQUE, Iowa — Spahn & Rose Lumber Co. has announced that long-time President and CEO John Hannan is retiring, effective February 28, 2017.
Hannan’s retirement caps a successful 25-year career at Spahn & Rose, during which he’s been a key driver in the company’s continued growth. Hannan was named Vice President of the company two years after joining in 1991 and has served as President and CEO since 2004. In addition, Hannan has been a member of the company’s board of directors since 2001.
“This is a bittersweet moment— am incredibly proud of everything we’ve accomplished as a company during my time here, which makes it that much harder to step away and focus on the next chapter of my life,” Hannan said. “The board has been gracious and supportive of my decision, and we’ve worked closely together to ensure a smooth and successful transition to the next generation of leaders at this outstanding company.
“I owe each and every one of our employees and customers my sincere gratitude and respect,” he added. “I consider many of them to be very close friends. I am very proud to say that each and every day, everyone in the company approaches our work with the highest levels of character, honesty and professionalism.”
“The Board of Directors of the company reluctantly accepted John’s decision to retire,” said James E. Altman, chair of the Spahn & Rose board. “John has been a successful President and CEO of the company for the last 15 years. Under his leadership the company was profitable and grew. He made Spahn & Rose Lumber Co. a better company. We will miss him. John has agreed to be a consultant to the board after his retirement to help with the transition to new leadership. Fortunately, the company remains strong and has great employees to assist in the transition.”
Source: Spahn & Rose