PEABODY, Mass.--(BUSINESS WIRE)--
Beacon Roofing Supply, Inc. (Nasdaq: BECN) ("Beacon" or the "Company")
announced today that it has added Neil S. Novich and Richard W. (‘Rick")
Frost to its Board of Directors, effective immediately.
Mr. Novich is the former Chairman, President and Chief Executive Officer
of Ryerson, Inc., a global metals distributor and fabricator. He joined
Ryerson in 1994 as Chief Operating Officer, was named President and CEO
in 1995, and then added Chairman to his title in 1999. He remained
Chairman and CEO until 2007, when the company was sold. Prior to his
time at Ryerson, Novich spent 13 years with Bain & Company, an
international management consulting firm, where he was a partner. Mr.
Novich serves on the Boards of Hillebrand, Inc., Analog Devices, Inc.,
and W.W. Grainger, Inc. He has a bachelor's degree in physics from
Harvard University and master's degrees in both nuclear engineering and
management from the Massachusetts Institute of Technology.
Mr. Frost is also an experienced executive who has deep operational
experience in the building products industry. He retired as Chief
Executive Officer for Louisiana-Pacific Corporation in May 2012, having
served in that capacity since December 2004. Mr. Frost previously served
as Executive Vice President, Commodity Products, Procurement and
Engineering from March 2003 to November 2004; Executive Vice President,
OSB, Procurement and Engineering from May 2002 to February 2003; and
Vice President, Timberlands and Procurement from 1996 to April 2002. He
currently serves on the Board of Tractor Supply Company, the largest
operator of retail farm and ranch stores in the United States with over
1,100 stores in 44 states. Mr. Frost holds dual bachelor's degrees from
Louisiana State University and an MBA, Finance from Northwestern State
University of Louisiana.
"We are very pleased to welcome Neil and Rick to our Board of
Directors," said Robert R. Buck, Beacon's Chairman. "Their executive and
director experience, including success in growth situations and with
acquisitions, will be valuable assets for us as we move forward with our
planned continued growth." Mr. Novich stated: "I have been extremely
impressed with Beacon's success since its IPO, particularly its ability
to grow and be profitable through the economic downturn. I look forward
to being a part of the Company's continued success." Mr. Frost added: "I
am excited about joining Beacon's Board of Directors. The Company
already has accomplished a great deal since becoming a public company
and I look forward to working with management and the other Board
members to continue the Company's advancement."
About Beacon Roofing Supply Inc.: Beacon Roofing Supply, Inc. is a
leading distributor of roofing materials and complementary building
products operating 206 branches in 38 states in the United States and
across Canada. Website: www.beaconroofingsupply.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: Statements in this press release regarding Beacon Roofing
Supply Inc.'s business which are not historical facts are
"forward-looking statements" that involve risks and uncertainties. For a
discussion of such risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see "Risk Factors" in the Company's Annual Report or Form
10-K for the most recently ended fiscal year.
BECN-F
Beacon Roofing Supply, Inc.
David Grace, 978-535-7668 x14
CFO
dgrace@beaconroofingsupply.com
Source: Beacon Roofing Supply, Inc.
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