LBM Advantage, the New Windsor, N.Y.-based lumber and building material buying group with more than 400 independent members, announced the company’s board of directors selected Dave DeJoy as its new president and CEO. DeJoy succeeds Steve Sallah, who has served as the LBM Advantage CEO for the past 16 years.
DeJoy will officially step into the new role on Aug. 19, 2024.
“Having worked with David for the last three years, I am confident the cooperative is in good hands with his vision and steady leadership,” Sallah said in a prepared statement. “He is an energetic, thoughtful, and ethical leader with a long track record of success here and at IBM. As CFO, David embraced our mission and invested the time to understand the detailed workings of LBM Advantage.”
DeJoy joined LBM Advantage in September 2021 with more than three decades of experience in finance, accounting, human resources, and sales operations. Prior to working for LBM Advantage, he held several roles at IBM, where he spearheaded strategic technology and financial initiatives, according to LBM Advantage.
As chief financial officer for LBM Advantage, DeJoy helped drive financial and IT operations forward. In the role of president and CEO, he will be tasked with continuing to drive innovation and adaptive strategies while honoring the company’s mission to “create a competitive advantage for our members by leveraging their collective power.”
LBM Advantage is a member-owned cooperative for the LBM industry. The organization operates four locations in New Windsor, N.Y., Grand Rapids, Mich., Smithfield, N.C., and Conroe, Texas.