BlueLinx Holdings, a wholesale distributor of building products, announced that the board of directors elected Shyam Reddy as president and CEO, effective immediately. In conjunction with the new role, Reddy will also join the BlueLinx board of directors.
Reddy will succeed Dwight Gibson in the role. Gibson is departing the company and also stepping down as a member of the BlueLinx board, according to the company.
“Shyam is a gifted leader who brings an exceptional depth of institutional knowledge and experience to BlueLinx,” Kim Fennebresque, chairman of the board, said in a prepared statement. “Our board is confident that Shyam is well suited to successfully navigate a challenging macroeconomic environment, while continuing to position the business for profitable growth. As a respected leader across our organization, who has a deep level of engagement with our customers and suppliers, and he is uniquely equipped to advance our strategic growth initiatives already underway and further position BlueLinx as the leading wholesale building products distributor across North America.”
According to BlueLinx, Reddy brings a deep understanding of BlueLinx’s business and strategic opportunities to the role of CEO. He has served in a variety of positions over a nearly eight-year tenure at the company. In previous roles, Reddy’s responsibilities have included leadership of corporate development, strategic planning, human resource management, risk management, governance and compliance, marketing and communications, information technology, pricing and sales excellence, and procurement.
“I am honored to continue to serve BlueLinx in this new role, and am confident that our fortified balance sheet, combined with our strong EBITDA and cash generation, positions us well going into a more challenging cycle, while preserving our ability to effectively execute our strategic initiatives,” Reddy said. “Our talented associates are our greatest advantage, and the strength of our team underpins my strong confidence in BlueLinx’s future, and our ability to generate meaningful and sustained value creation for our shareholders.”
Reddy recently served as BlueLinx’s senior vice president, chief legal and sustainability officer and corporate secretary and was responsible for the legal, risk management, and ESG functions. He previously served as senior vice president , chief administrative officer and corporate secretary at BlueLinx from May 2019 to March 2022 and senior vice president and chief transformation officer from April 2018 to May 2019. Prior to joining BlueLinx, Reddy served as senior vice president, chief administrative officer, general counsel, and corporate secretary of Euramax International and as the regional administrator of the southeast sunbelt region of the U.S. General Services Administration.
Marietta, Ga.-based BlueLinx distributes across 50 states to approximately 15,000 customers, including national home centers, pro dealers, cooperatives, specialty distributors, regional and local dealers, and industrial manufacturers. Nashville, Tenn.-based LP Building Solutions manufactures engineered wood building products for builders, remodelers, and homeowners.