Building Materials Holding Corp. (BMHC), the industry’s fourth largest pro dealer, has announced the departure of Michael Mahre, president and CEO of its SelectBuild division. According to a May 1 filing with the Securities and Exchange Commission, Mahre resigned on April 30.
Under the terms of the separation agreement, Mahre will serve as a transitional consultant through Jan. 18, 2009. A non-compete clause expires on that date.
Once the most profitable division at BMHC, SelectBuild has been especially hard hit by the building downturn. In the face of substantial losses in its fourth fiscal quarter, BMHC announced plans last March to downsize its SelectBuild division, which provides construction services to production builders, and integrate some aspects of the operation with BMC West, its LBM distribution arm.
According to the SEC filing, Stanley Wilson will oversee both of BMHC’s operating companies, BMC West and SelectBuild. Wilson was promoted to the position of BMHC president and chief operating officer on Feb. 19, 2008. He reports to Robert Mellor, chairman of the board and CEO.