DALLAS, Oct 20, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Builders FirstSource, Inc. (Nasdaq: BLDR), a leading supplier and manufacturer of structural and related building products for residential new construction in the United States, today announced that its board of directors named Kevin P. O'Meara as the company's President and Chief Operating Officer. Mr. O'Meara succeeds Floyd F. Sherman as the company's President. Mr. Sherman will continue to serve as Chief Executive Officer and a director of the company.
Speaking on behalf of Builders FirstSource's board of directors, Chairman of the Board Paul S. Levy said, "As a co-founder of Builders FirstSource, Kevin has demonstrated exemplary business and management skills and extensive industry knowledge. His leadership has played an integral part in the company's success."
Since its inception in 1998, Builders FirstSource has acquired 24 companies. In 2005, the company completed an initial public offering of its common stock and posted sales of $2.3 billion.
Levy continued, "Considering Kevin's long and accomplished history with the company and Floyd's continued role as Chief Executive Officer, we expect this to be a smooth transition."
O'Meara co-founded Builders FirstSource in 1998 and served as Chief Financial Officer. He was promoted to Chief Operating Officer in May 2000. Prior to co-founding Builders FirstSource, O'Meara served as Vice President, Strategic Planning and Business Development at Fibreboard Corporation. He also worked at Bain & Company, a strategic management consulting firm, and at two private investment firms. O'Meara is a C.P.A. and has a B.A. (economics) and a B.B.A. (accounting) from Southern Methodist University and an M.B.A. from Harvard Business School.
"I look forward to the challenge of this new role and am grateful for the privilege of working with a very talented team which is committed to delivering value to our customers and shareholders," O'Meara said. "I am also very pleased that Floyd will continue to provide his wise perspective and strategic direction for the company based on his substantial industry knowledge and management experience."