PEABODY, Mass.--(BUSINESS WIRE)--
Beacon Roofing Supply, Inc. (NASDAQ: BECN) ("Beacon" or the "Company")
announced the appointment of Rick Welker, Vice President & Chief
Accounting Officer, as Acting Chief Financial Officer effective January
1, 2013. The Company's former CFO, David Grace, retired on December 31,
2012, as previously reported. A nationally recognized executive
recruiting firm is conducting a search for Mr. Grace's successor.
Mr. Welker joined Beacon as Corporate Controller in July 2004, prior to
the Company's IPO, and was promoted to Vice President in February 2006
and to Chief Accounting Officer in November 2011. He is a Certified
Public Accountant and a Certified Management Accountant. Prior to
joining Beacon, Mr. Welker had previous public company experience and
held the following executive positions: Senior Vice President-CFO &
Secretary of rue21; Vice President-CFO & Treasurer of Woodworkers
Warehouse; and Vice President & Controller of Bradlees Department
Stores. He started his career with PricewaterhouseCoopers.
Mr. Welker holds a BSBA degree from Western New England University and
was honored as the outstanding accounting major by the WNEU faculty and
the Massachusetts Society of CPAs. He is part of a small percentage of
people who have passed both the CPA and CMA exams in the first sitting.
Mr. Welker also holds an MBA in International Business from the
University of Connecticut, and while a resident of Connecticut was a
member of Big Brothers and named the first recipient of the statewide
Deane Avery Connecticut Public Service Award. He resides with his wife,
Susan, in Plymouth, Mass., and they have three sons.
Paul Isabella, the Company's President & Chief Executive Officer,
stated: "Rick has a loyal commitment to the Company and has the
experience and technical abilities to help us cover the CFO role during
this transition period. Rick has played an important part in our
transformation to a successful public company and with our substantial
growth over the years. He has helped build a very capable Finance team,
including our divisional and regional controllers across North America
who assist with our acquisitions. We believe we are developing deep
talent throughout our management ranks, and Rick demonstrates the values
of honesty, integrity and strong work ethic that are the foundation of
our success."
About Beacon Roofing Supply Inc.:
Beacon Roofing Supply, Inc. is a leading distributor of roofing
materials and complementary building products, operating 229 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.
Paul Isabella, 571-323-3944
pmisabella@beaconroofingsupply.com
Source: Beacon Roofing Supply, Inc.
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