Stock Building Supply has confirmed its plans, outlined in an April 1 memo to employees, to reorganize the company into four divisions and eliminate two top executive positions.
The Raleigh, N.C., pro dealer will no longer have a chief operating officer or VP national sales. Instead, Stock will rely on four regional presidents/general managers, to oversee the No. 4 player in the LBM industry, according to the Home Channel News Top 350 rankings.
The new divisions and presidents are as follows:
• The Mid-Atlantic region -- Pennsylvania, Virginia, the Washington metro area and Arkansas -- will be led by Phil Randolph.
• The Southeast region, which covers North and South Carolina and Georgia, will also come under Randolph for the time being.
• Dan Buttars will lead the Southwest region, which includes Texas and New Mexico.
• Duff Wakefield will head the West region, which covers Utah, Idaho, Washington state and California.
Stock also announced that senior VP Jim Drexinger will take over all supply chain and operational improvement work, including sourcing, national accounts, product management and marketing.
The employee memo said that chief operational officer Steve Short will be leaving the company, and Nigel Stobart, who held the national sales position, will remain with Stock for a transitional period.
Stock Building Supply currently operates in 20 residential markets, including Washington D.C.; Paradise, Pa.; Richmond, Va.; Raleigh-Durham, Charlotte and Winston-Salem/Greensboro, N.C.; Greenville and Columbia, S.C.; Atlanta; Austin, Amarillo, Houston, Lubbock and San Antonio, Texas; Albuquerque, N.M.; Salt Lake City and southern Utah; northern Idaho/eastern Idaho; eastern Washington; Central and Northwest Arkansas; and Los Angeles.