Prior to being appointed Interim Chief Financial Officer, Mr. Serrano, age 49, has served as Chief Accounting Officer of the Company and Interline Brands, Inc., a New Jersey corporation, the Company's wholly-owned subsidiary ("Interline New Jersey"), since May 2010 and as Corporate Controller of the Company and Interline New Jersey since August 2001. Mr. Serrano previously served as Vice President of Finance of the Company and Interline New Jersey from September 2005 to May 2010, and as Divisional Controller of Interline New Jersey from September 2000 to August 2001. Prior to joining the Company, Mr. Serrano served as Corporate Controller of Barnett, Inc., one of our corporate predecessors, from 1990 to 2000, and as Assistant Controller of U.S. Lock Corporation, another one of our predecessor companies, from 1988 to 1990.

In connection with Mr. Serrano's appointment as Interim Chief Financial Officer, the Compensation Committee of our Board approved an increase in Mr. Serrano's annual base salary to $350,000 and an increase in his target annual bonus to 50% of his base salary, with such adjustments to continue until a permanent chief financial officer is appointed.

There are no arrangements or understandings between Mr. Serrano and any other person pursuant to which he was selected as an officer. Mr. Serrano does not have any familial relationship with any director or other executive officer of the Company or any person nominated or chosen by the Company to become a director or executive officer, and there are no transactions in which Mr. Serrano has an interest requiring disclosure under Item 404(a) of Regulation S-K.