Wolf renamed a division, realigned its leadership, and created two new shared services divisions as part of a organizational restructuring announced today. The changes will reduce the York, Pa.-based building material distributor's overall number of business units from 13 to seven by consolidating a number of units together in an attempt to streamline the company. The changes will go into effect immediately.
As part of the restructuring, the company will rename its Wolf Building Products division, under which it markets and sells its own brands, as Wolf Home Products. This division will source the products through the company and other channels located throughout the U.S. and beyond.
As for the leadership realignment, Craig Danielson, who is currently president of Wolf's corporate parent, the Wolf Organization, will continue in his current role and also serve as president of the Wolf Home Products division. Brad Kostelich will become president of Wolf, formerly the distribution arm of the organization. Mike Sessinger will be executive vice president of sales. Rick Post, Bob Lett, Joe Facini, and Mark Simmers will serve as regional vice presidents in Wolf's Northeast, Mid-Atlantic building products, Mid-Atlantic kitchen and bath, and Southeast business units, respectively.
"This reorganization enables us to distribute decision-making authority more broadly throughout the company," said Tom Wolf, chairman and CEO. "The new structure also provides clearer lines of accountability."
Two shared services divisions were created as part of today's announcement including the Wolf Support Services, which will be led by new executive vice president Patty Cobaugh, and the Wolf Corporate division, which will be led by executive vice president and CFO Michael Newsome.
The changes are part of a major strategic shift the company began in 2010 in which it repositioned itself from being a traditional two-step distributor to become a sourcing company focused on identifying and developing products designed to meet the needs of independent dealers and their customers.
The company currently serves 3,000 pro dealers in 18 states along the East Coast.