Wayne, PA – Lumbermens Merchandising Corporation (LMC), a leading industry lumber and building materials buying group, has named Paul Ryan as its new Senior Vice President of Finance and Technology. He succeeds Dave Gonze who has announced his retirement in April after thirty eight years of outstanding service to LMC.
Mr. Ryan comes to LMC after serving as Chief Financial Officer for Affiliated Distributors, an industrial and construction products buying group. He started his career at Affiliated Distributors in 2003 as a Controller before being promoted to Vice President of Finance in 2008 and finally Chief Financial Officer in 2010. Prior to that, he was the Financial Controller for VWR International, a distributor of lab supplies, after starting his career with Ernst & Young as a CPA. In addition to his 30 years of finance experience, Mr. Ryan received a Bachelor’s Degree in Accounting from Penn State University.
“Paul’s impressive background makes him a great fit for his new role at LMC,” said John Somerville, LMC President. “We welcome him to our team and look forward to his contributions in LMC’s technology and financial management as we continue on a solid growth path into the future.”
As Senior Vice President, Mr. Ryan will oversee LMC’s Finance, Technology and Corporate Meeting Departments. “I am excited about the opportunity to work with a team that understands the importance of building a world-class organization within a competitive industry,” said Paul Ryan “I look forward to contributing to the future growth of LMC and our LMC Dealers.”
LMC is committed to creating advantages that provide a competitive edge for its independent lumber & building material dealers, which last year had a collective 11 billion in sales. A focus on leveraging technology to provide financial benefits for LMC Dealers is one of the reasons LMC is the lowest cost buying group in the industry for independent lumber and building material dealers.