Building materials manufacturer and distributor Builders FirstSource, Inc. announced Nov. 21 that CEO Dave Flitman has stepped down as president, CEO and member of the board of directors after accepting another opportunity “outside the industry,” according to a news release. Builders FirstSource ranked No. 1 in MDM’s 2022 Top Building Materials/Construction Distributor list.
Builders FirstSource has appointed Executive Vice President Dave Rush to serve as interim CEO, effective immediately, until a permanent successor is hired. The board has formed a special committee to oversee the search for a new CEO. Rush, 60, has been with Builders FirstSource for 23 years.
“With deep operational, financial and business development capabilities, we are confident in Dave’s ability to lead Builders FirstSource as interim CEO,” Builders FirstSource Board Chair Paul Levy said. “Heading into the new year, we are well-positioned to continue to outperform the market, owing to a deep and experienced leadership team, fundamental strengths and advantages, a clear strategy and a strong balance sheet. The board looks forward to supporting Dave and the leadership team in facilitating a smooth transition and continuing to deliver compounding shareholder value.”
“I’m honored and excited to serve as Interim CEO during such an important time for the company,” Rush said. “Despite a challenging macroeconomic environment, Builders FirstSource has an advantaged geographic footprint, industry-leading market position, and a strong culture, which position us well for continued success.”
“The board is grateful for Dave Flitman’s many contributions,” Levy said. “Under his leadership, the company successfully merged with BMC, increased its share in value-added products, and accelerated its profitable growth strategy. On behalf of all Builders FirstSource team members, we wish him the best in his next role.”
“It has been an honor to work with our great team, stakeholders and Board of Directors,” Filtman said. “Builders FirstSource is stronger than ever and I am confident the company is poised to outperform the market over the next several years as it transforms the homebuilding industry. I am truly grateful to have had the opportunity to lead this incredible company.”
Rush started his career at Builders FirstSource in 1999 and has served in roles including as COO of the company’s eastern division and executive vice president of the company’s Integration Management Office.