Beacon Roofing Supply Announces the Departure of Chief Operating Officer C. Eric Swank
Beacon (Nasdaq: BECN) announced that Chief Operating Officer C. Eric Swank will leave the company at the end of February. Swank has been with Beacon for 16 years, leading the $6 billion Exterior Products business for the last two years. His leadership was pivotal in transforming Beacon from a $600 million firm into a $7 billion Fortune 500 company. President and CEO Julian Francis praised Swank's contributions, emphasizing operational excellence and shareholder value. Swank expressed gratitude for his time at Beacon, highlighting the company's focus on customer service and community development.
- Swank's leadership contributed to significant growth, transforming Beacon from $600 million to $7 billion.
- The company operates over 500 branches across 50 states and Canada, serving over 100,000 customers.
- The departure of a long-serving COO may create uncertainty regarding leadership stability.
Beacon (Nasdaq: BECN) (the “Company”) announced today that Chief Operating Officer C. Eric Swank will be leaving the Company at the end of February. During his 16-year career at Beacon, Eric served in senior executive roles of increasing importance and ultimately led the Company’s
“Eric’s dedication to Beacon, its employees and customers in each of his roles has been critical to the Company’s success over the past 16 years. He helped create a culture of operational excellence throughout the Company that has driven shareholder value while building great teams who embody his passion for our customers,” said Julian Francis, Beacon’s President and Chief Executive Officer. “I wish Eric all the very best in his future endeavors, and I know he will bring great skill and determination to any pursuit.”
“I could not be more appreciative to have had the opportunity to be part of such a great organization and work with such fine people, both internally and externally,” said Mr. Swank. “Leading and being part of Beacon’s growth from a large regional player to the nation’s largest publicly traded roofing distributor has been incredibly rewarding. Along the way, the careers and lives I have been able to touch and be part of will forever be some of my fondest memories. Beacon is made up of individuals who wake up every day with a desire to help our customers build a better future for themselves and the communities they serve. I look forward to watching that continue for many years to come.”
About Beacon
Founded in 1928, Beacon is a Fortune 500, publicly traded distributor of roofing materials and complementary building products in North America, operating over 500 branches throughout all 50 states in the U.S. and 6 provinces in Canada. Beacon serves an extensive base of over 100,000 customers, utilizing its vast branch network and diverse service offerings to provide high-quality products and support throughout the entire business lifecycle. Beacon offers its own private label brand, TRI-BUILT, and has a proprietary digital account management suite, Beacon PRO+, which allows customers to manage their businesses online. Beacon’s stock is traded on the Nasdaq Global Select Market under the ticker symbol BECN. To learn more about Beacon, please visit www.becn.com.
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