Beacon Appoints New CFO - Modern Distribution Management

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Beacon Appoints New CFO

Prith Gandhi assumes the position on May 6.
Beacon
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Roofing and other building material products distributor Beacon has a new financial leader.

The Herndon, VA-based distributor said April 22 that it has appointed Prithvi (Prith) Gandhi as the company’s Executive Vice President and Chief Financial Officer. He will join Beacon on May 1 and begin his CFO role on or about May 6.

Prithvi Ghandi

Before joining Beacon, Gandhi was VP of Finance and CFO at roofing products manufacturer TAMKO Building Products for the last two years. Prior to that, he was CFO at 3D printing business Fast Radius, following eight years at Owens Corning. 

“Prith’s strong growth orientation, extensive M&A experience and capital markets expertise will strengthen Beacon as we complete Ambition 2025 and continue to grow above the market,” Beacon President and CEO Julian Francis said in a news release. “His proven track record in financial leadership, particularly in the building products industry, will be invaluable as we continually improve service to customers in our two core markets, residential roofing, and commercial roofing.”

Find more details on Gandhi’s career background here.

“It is an honor to join the highly experienced and successful leadership team at Beacon, a company that is recognized as a high-performing innovator in building products distribution,” Gandhi added. “I am excited about the opportunity to work with Julian again following our collaboration at Owens Corning and am eager to drive Beacon’s strategic plan forward to create value for all stakeholders.”

Other April news out of Beacon include its acquisitions of General Siding Supply (Omaha, NE) and waterproofing distributor Smalley & Company (Denver), and the addition of branches in New Brunswick, Canada and near Minneapolis, MN.

Beacon — No. 6 on MDM’s 2023 Top Building Materials/Construction Distributors List — reported record sales ($9.12 billion) in 2023 thanks to contributions of acquired branches and greenfields.

Beacon will report its 2024 first quarter financial results on May 2.

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