Builders FirstSource Inc. (Nasdaq: BLDR), Dallas, has announced that CEO Chad Crow will retire this year after 20 years with the company.
Crow will leave after assisting the company’s board of directors in hiring his replacement. He will also continue to work with Builders FirstSource in a consulting capacity for a period of time following the appointment of the new CEO.
The Builders FirstSource Board of Directors said it has retained a leading global executive search firm to help identify a highly-qualified leader for the CEO position.
“Builders FirstSource is firing on all cylinders and is doing so in no small part due to Chad’s superb efforts over many years,” said Chairman Paul Levy. “While we are disappointed to see Chad leave, we thank him for his decades of leadership and dedication, and for the exceptional results during his years of service. Chad played a critical role in guiding us through many industry cycles and in consummating the transformational and successful acquisition of ProBuild.”