Builders FirstSource, Inc. announced that CEO Floyd Sherman has advised the Company's Board of Directors that he intends to step down as CEO effective January 1, 2018. Paul S. Levy, Chairman of the Board, confirmed that the Board intends to appoint Chad Crow, currently President and COO of the Company, as President and CEO effective January 1, 2018.

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Builders FirstSource announces Floyd Sherman to step down as CEO at end of year

Builders FirstSource, Inc. announced that CEO Floyd Sherman, age 78, has advised the Company's Board of Directors that he intends to step down as CEO effective January 1, 2018.

In accordance with the Company's succession plan, Paul S. Levy, Chairman of the Board, confirmed that the Board intends to appoint Chad Crow, currently President and COO of the Company, as President and CEO effective January 1, 2018.

Headquartered in Dallas, Texas, Builders FirstSource is the largest U.S. supplier of building products, prefabricated components, and value-added services to the professional market segment for new residential construction and repair and remodeling.