Builders FirstSource announces Floyd Sherman to step down as CEO at end of year
Builders FirstSource, Inc. (BLDR)
Last builders firstsource, inc. earnings: 4/30 04:15 pm
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Source: GlobeNewswire
DALLAS, Aug. 09, 2017 (GLOBE NEWSWIRE) -- Builders FirstSource, Inc. (NasdaqGS:BLDR) today announced that CEO Floyd Sherman, age 78, has advised the Company’s Board of Directors that he intends to step down as CEO effective January 1, 2018. In accordance with the Company’s succession plan, Paul S. Levy, Chairman of the Board, confirmed that the Board intends to appoint Chad Crow, currently President and COO of the Company, as President and CEO effective January 1, 2018. Mr. Levy commented, “Today we are formally announcing the transition of Builders FirstSource leadership. Floyd's stewardship of Builders FirstSource began in 2001, only a few short years after the Company was founded, when Builders FirstSource was at a critical point in its development. Floyd's vision, leadership and execution were instrumental in creating the business we have today. Through his 16 years of leadership, Floyd has effectively guided Builders FirstSource through industry downturns, numerous busines
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