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| 8-K - BEACON ROOFING SUPPLY INC | v204878_8k.htm |
NEWS
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From
Beacon Roofing Supply, Inc., Peabody, Mass.
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For
Use Upon Receipt
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Beacon
Roofing Supply Promotes Paul M. Isabella to President and Chief Executive
Officer and Announces Additional Promotions; Robert R. Buck Remains Chairman of
the Board
Peabody,
Mass.-(BUSINESS WIRE)-December 8, 2010 —Beacon Roofing Supply, Inc. (NASDAQ:
BECN) (“Beacon” or the “Company”) announced it has appointed Paul M. Isabella as
its new President and Chief Executive Officer. Mr. Isabella is currently the
President and Chief Operating Officer of Beacon. He replaces Robert R. Buck, who
will remain as Chairman of the Board. Mr. Isabella will assume his
new role effective January 1, 2011.
Mr.
Isabella joined Beacon in November 2007 as the President and Chief Operating
Officer. His extensive background includes over 33 years of
experience at major U.S. corporations where he held various leadership
positions. Mr. Isabella began his career with General Electric
Company in 1977 and worked in various GE businesses for 22 years. Following his
tenure at GE, Mr. Isabella held executive management positions at The Stanley
Works and Cooper Industries. He is a graduate of the State University
of New York and GE’s Manufacturing Management Program.
“I am
very excited about the future of Beacon Roofing Supply with Paul at the helm as
CEO,” said Robert R. Buck, Beacon’s Chairman of the Board.
In
addition, the following promotions will take effect January 1,
2011:
David R.
Grace is being promoted to Executive Vice President and continues as our
CFO. Mr. Grace started his career after graduating with a degree from
Bentley College in Waltham, Massachusetts. He joined Beacon as an accountant in
1987 and served in positions of increasing responsibility until he was named CFO
in 1997. Mr. Grace has been with Beacon for over 23 years, and is the
leader of our financial organization and oversees information
technology.
Patrick
Murphy is being promoted to Executive Vice President. Mr. Murphy
started his career in this industry after graduating from Michigan State
University. In 2008, he became a Senior Vice President at
Beacon. Mr. Murphy is a veteran who has been successful at every stop
in his long career at Beacon. He is a seasoned executive who truly
understands our Company and industry.
James I.
MacKimm is being promoted to Executive Vice President. Mr. MacKimm
started his career in roofing distribution after graduating from Boston
College. He has personally performed almost every operational job
within Beacon after he joined in 1990. In 2008, he became a Senior
Vice President at Beacon. His grass roots and executive experience
will be invaluable to Beacon as we continue to implement our long-term
strategies.
Kent
Gardner is being promoted to Senior Vice President. Mr. Gardner started his
career after serving in the United States Army and graduating from the
University of Missouri. He joined Beacon in 2005 and was promoted to
Vice President in March 2007. Mr. Gardner’s leadership skills have
been key to many of the important changes that we have implemented in several
acquired companies over the years. His work ethic and enthusiastic
leadership skills will serve Beacon well in the coming years.
C. Munroe
Best III is being promoted to Senior Vice President. Mr. Best joined
the organization full time after graduating from Elon
University. During his tenure with Beacon he has been promoted
several times and in 2006, he was promoted to Regional Vice
President. He comes from a family with a long history in distribution
and his expertise is an asset to Beacon.
About
Beacon Roofing Supply Inc.:
Beacon
Roofing Supply, Inc. is a leading distributor of roofing materials and
complementary building products, operating 179 branches in 37 states in the
United States and three provinces in Eastern Canada.
SOURCE:
Beacon Roofing Supply
Beacon
Roofing Supply, Inc.
David
Grace, 978-535-7668 x14
dgrace@beaconroofingsupply.com
Forward-Looking
Statements: This release contains information about management's view of
the Company's future expectations, plans and prospects that constitute
forward-looking statements for purposes of the safe harbor provisions under the
Private Securities Litigation Reform Act of 1995. Actual results may differ
materially from those indicated by such forward-looking statements as a result
of various important factors, including, but not limited to, those set forth in
the "Risk Factors" section of the Company's latest Form 10-K. In addition, the
forward-looking statements included in this press release represent the
Company's views as of the date of this press release and these views could
change. However, while the Company may elect to update these forward-looking
statements at some point, the Company specifically disclaims any obligation to
do so other than as required by federal securities laws. These forward-looking
statements should not be relied upon as representing the Company's views as of
any date subsequent to the date of this press release.