ATLANTA — BMC Stock Holdings, Inc. has announced that President and CEO Peter C. Alexander, 61, is leaving the company under mutual agreement effective immediately. Current Director David L. Keltner, 58, will serve as interim President and CEO while the Board conducts a search for a new CEO.
“Two years ago, we successfully merged two marquee businesses serving the residential building products market,” stated Chairman of the Board of Directors, David Bullock. “Since that time, BMC’s employees have done a commendable job combining operations and delivering more cost synergies than initially anticipated. Now, as we pivot the organization to accelerate our strategic plan, the Board of Directors and Peter Alexander determined it was time to make a leadership change to more fully leverage our national business portfolio and growth opportunities. We have a strong and experienced senior management team in place that will work closely with Mr. Keltner to make this leadership transition seamless for our customers, suppliers, employees and shareholders.”
“I’m excited about the opportunity to lead BMC through this transition,” said Mr. Keltner. “With the shared goal to deliver best-in-class customer service and exceptional innovative solutions, I’m looking forward to working with our associates to continue to execute on BMC’s strategy.”
Keltner joined the Board of Directors of BMC Stock Holdings, Inc. and its predecessor in April 2014. Keltner formerly served as Chief Financial Officer of Ferguson Enterprises, Inc. and Chief Financial Officer of Wolseley North America.