HERNDON, Va.--(BUSINESS WIRE)--
Beacon Roofing Supply (NASDAQ: BECN), the largest publicly traded
distributor of residential and commercial roofing materials and
complementary building products, announced today the retirement of
long-time Director Peter M. Gotsch. Mr. Gotsch's retirement will be
effective on February 10, 2017 at the expiration of his current term.
Mr. Gotsch is the longest-serving Director on Beacon's Board of
Directors, having joined the Board in 1997. He has been Beacon's Lead
Independent Director since 2011, has continuously served on Beacon's
Audit Committee for over a decade, and previously served as Chairman of
Beacon's Nominating & Corporate Governance Committee on which he still
serves. He has been a Managing Director of Svoboda Capital Partners, a
private equity firm, since 2011 and was the Managing Partner of Ellipse
Capital from 2008 to 2011. Previously, Mr. Gotsch was a Partner with
Code Hennessy & Simmons LLC with which he was affiliated since 1989.
Robert R. Buck, Beacon's Chairman of the Board, emphasized Mr. Gotsch's
dedicated service and stated: "Peter is an exceptional Director and for
two decades has provided tremendous leadership and guidance to our Board
of Directors. Throughout his tenure, he has provided expert advice and
counsel to management and our Board on every type of issue confronting
modern corporate boards. As Beacon's first Lead Independent Director,
Peter has provided important perspective to the Board on governance and
has been instrumental in Beacon's evaluation of acquisitions and the
implementation of our growth strategy. Our employees and shareholders
have benefitted greatly from his expertise and passion for Beacon's
success and our entire Board of Directors will miss his participation in
our future meetings."
Mr. Gotsch added: "I have enjoyed serving on Beacon's Board of Directors
and to have played a role in Beacon's growth and success. Beacon has
dedicated and hardworking employees and great leadership, both at the
management and Board levels. I will miss participating in future Board
meetings but look forward to watching Beacon continue to grow, lead the
industry consolidation and add shareholder value for many years to come."
About Beacon Roofing Supply
Founded in 1928, Beacon Roofing Supply, Inc. is the largest publicly
traded distributor of residential and commercial roofing materials and
complementary building products, operating 372 branches throughout 47
states in the U.S. and 6 provinces in Canada. To learn more about Beacon
and its family of regional brands, please visit www.becn.com.
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170104006282/en/
Beacon Roofing Supply, Inc.
Joseph Nowicki, Executive VP & CFO
Source: Beacon Roofing Supply, Inc.
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