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)--
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
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
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
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.
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.
Beacon Roofing Supply, Inc.
David Grace, 978-535-7668 x14
Source: Beacon Roofing Supply
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