PEABODY, Mass.--(BUSINESS WIRE)--
Beacon Roofing Supply, Inc. (NASDAQ: BECN) ("Beacon" or the "Company")
announced today that its Executive Vice President and Chief Financial
Officer, David R. Grace, will retire effective January 1, 2013 for
health reasons. A nationally recognized executive recruiting firm is
conducting a search for his successor. Mr. Grace will remain in his
current role until a new CFO is named and has also agreed to devote as
much time as necessary to ensure a seamless transition.
Mr. Grace graduated with an accounting degree from Bentley College in
Waltham, Massachusetts. Mr. Grace has been the leader of Beacon's
financial organization and also oversees information technology and
investor relations. He joined the Company as an accountant in 1987, when
Beacon operated three branches, and served in positions of increasing
responsibility until he was named CFO in 1997. He was most recently
promoted to Executive Vice President on January 1, 2011.
Paul Isabella, the Company's President & Chief Executive Officer,
stated: "Throughout his 25-plus years of service to Beacon, Dave has
been a key part of the Company's tremendous growth and success,
including the completion of our 2004 IPO, a secondary offering in 2005,
and many debt financings and acquisitions. He has built strong finance
and IT teams and a disciplined financial culture that will serve the
Company well in the years ahead. Although we certainly will miss Dave's
leadership and guidance, we understand and appreciate his decision that
his health and family are his main focus at this time. We are grateful
that Dave will continue to lead his departments until we transition to
his successor. We wish Dave a long, enjoyable, and healthy retirement
and thank him for his many years of service to Beacon."
About Beacon Roofing Supply Inc.:
Beacon Roofing Supply, Inc. is a leading distributor of roofing
materials and complementary building products, operating 199 branches in
38 states in the United States and across 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.
BECN-F
Beacon Roofing Supply, Inc.
David Grace, 978-535-7668 x14
dgrace@beaconroofingsupply.com
Source: Beacon Roofing Supply, Inc.
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