May 24, 2010. /Lesprom Network/. Cedar Creek announced the appointment of William Adams to the position of Chairman and CEO. Mr. Adams is an industry veteran with Corporation, Masonite Corporation and Trussway. Clark Wiens, David Bond and D. Wayne Trousdale will retain meaningful equity stakes in the business and will remain in senior executive positions to run the business along with Mr. Adams. All four will play key roles in the growth of the business going forward, including expansion into new geographical areas. Recently Cedar Creek Lumber and private equity firm Charlesbank Capital Partners announced a recapitalization whereby Charlesbank will acquire majority ownership of Cedar Creek. "I am excited to join Cedar Creek at this important turning point," said Bill Adams. "The business has successfully grown over the past 30 years by partnering with customers, suppliers and employees to deliver world-class service and products, and I believe that Charlesbank's experience will be invaluable as we further build Cedar Creek's influence and presence." Cedar Creek is a leading wholesale building materials distribution company with headquarters in Tulsa and Oklahoma City. It is the country's premier cedar distributor and one of the largest lumber and manufactured wood distributors in the United States.