Stock Building Supply named Jeffrey G. Rea, a former Johns Manville executive and most recently president of Tyco Electronics Specialty Products Group, as the new chief executive officer on Nov. 16.
Rea succeeds Joe Appelmann, who left America's fourth largest construction supply company on Nov. 15 after guiding Stock successfully through a sale and Chapter 11 reorganization but apparently failing to pull it out of a sea of red ink.
Stock's announcement regarding Rea described him as the former president of Tyco Electronics Specialty Products Group, which was comprised of four separate global businesses.
"While serving in this role, Rea implemented double-digit organic growth strategies, led a significant increase in strategic investments and organization capability while delivering strong operational performance," the announcement said. Prior to joining Tyco Electronics, Rea was a senior executive at Johns Manville. During his tenure there he rose from the position of vice president and general manager of the Building Insulation Business to senior vice president of Johns Manville Building Products Group, which included the building insulation, performance materials and roofing systems businesses.
Rea also worked for 15 years at General Electric, including "five years on GE's prestigious corporate audit staff," Stock's announcement said.
Appelmann spent more than 20 years at Stock, mainly in financial roles before moving into general management positions. He was senior vice president of operations in August 2007 when he succeeded Fenton Hord as CEO.
During his tenure, Appelmann led Stock through the housing recession, Chapter 11 bankruptcy and a subsequent reorganization. When Stock emerged from Chapter 11 on July 1, 2009, it had roughly half its previous number of locations and a focus on just 19 markets nationwide. It has since entered another market and expanded its presence in Houston.