Lumbermen's Merchandising Corp. (LMC) announced Friday, March 6, that Anthony J. (Tony) DeCarlo, 68, the group's president and CEO, will retire Dec. 31 after 32 years with the company.
DeCarlo joined LMC in 1977 as chief financial officer and in 1988 became vice president of purchasing. He was elected president and CEO in January 1991. In the 19 years that he has been president, LMC has grown from a company whose membership was located east of the Mississippi River to a national organization. He has agreed to remain as a consultant through a period of transition as the board identifies his successor.
"After a wonderful career at LMC, I want to spend more time with my wife of 46 years and our children and granddaughters. That requires a little lighter workload than I currently have, though I plan to operate a consulting business in the future, helping businesses to succeed," DeCarlo said in a statement.
Founded in 1935, Wayne, Pa.-based LMC represents 1,200 independently owned lumber and building materials locations in every state in the continental United States and the Bahamas. Today, there are more than 350 stockholder companies and annual sales volume has exceeded $3 billion in the past.