BOISE, Idaho, July 28 /PRNewswire/ -- BMC SELECT, one of the nation's leading providers of building materials and construction services, today announced several senior management changes to strengthen the Company's rebranding and return to its core mission of providing residential building materials and targeted construction services.
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Peter Alexander, a member of the Company's Board of Directors, has been named Chief Executive Officer. Paul Street will transition to assume the role of Chief Administrative Officer and will manage the Company's legal, risk management, human resource and related core functions. Street will remain on the BMC SELECT Board of Directors. Stan Wilson, currently the Company's President and Chief Operating Officer, announced his retirement effective at the end of 2010 and will remain active in managing the company until then. Michael Badgely, currently Inter-Mountain Region General Manager, has been appointed Executive Vice President of Company-Wide Operations. Daniel McQuary will remain in his position as Chief Financial Officer. The management transition will be effective August 1.
"This strengthened management team will drive our current operations and future growth plans, reflecting our goal to build our reputation and strength as a leading provider of lumber and building materials," said Alexander. "The company is growing market share, and with a stronger management team operating with a strong financial position, BMC SELECT is well positioned to aggressively advance as the economy rebounds. These changes align strategically with BMC SELECT's long term growth plans, and strengthen the operational and tactical bench of the company."
"Over the last six months, we executed a finely calibrated and thoughtful evaluation of a plan to move BMC SELECT forward," said Jay B. Hunt, Chairman of the Board of Directors. "With his depth of experience and success in leading other companies, Peter Alexander clearly has the skill to lead expansion into new markets while facilitating the day-to-day execution. We are confident he will continue the company's development into a best in class provider of diversified building materials and services."
BMC SELECT is one of the nation's leading providers of lumber and building materials, trusses and components, doors and millwork, and targeted construction and installation services for professional homebuilders and contractors. A privately held company based in Boise, Idaho, BMC SELECT employs more than 3,700 people and operates in 11 states and 16 markets throughout the West.
SOURCE BMC SELECT
