LUMBERYARDS

Myrick no longer with ProBuild Holdings

BY Brae Canlen

ProBuild Holdings CEO Bill Myrick is no longer with the Denver-based pro dealer, according to an internal memo obtained by Home Channel News.

The email was distributed Monday morning to ProBuild Holdings employees informing them that Myrick, who held the title of president and CEO, is no longer with the company. Fred Marino will take over as CEO, while a search for a permanent replacement is launched, according to the memo. Marino currently serves as vice chairman of the board of ProBuild.

The memo was from Perry Odak, chairman of ProBuild.

"Ownership continues to support the current management team, and the number of important initiatives currently being implemented across ProBuild," wrote Odak in the memo. "I ask you to continue to focus on the work at hand. For each of you, it’s business as usual."

Myrick was named CEO of ProBuild in August 2010. He started his career in the LBM industry as a manager trainee at 84 Lumber, where he spent 25 years and rose to the position of chief operating officer before leaving 84 Lumber to join ProBuild in 2007. After being hired at ProBuild, Myrick attended a two-month program at Harvard Business School and then steadily took on more responsibilities, rising to the position of chief operating officer in June 2008. 

Marino has deep roots with ProBuild. He was the executive that led the team that brought Lanoga and Strober Organization together, eventually forming ProBuild Holdings. The entity grew from $150 million in revenue in1997 to $6 billion in 2006.

With hard times hitting the building industry, however, ProBuild sales have diminished to $3.5 billion in 2010, according to the Home Channel News Industry Scoreboard.

A ProBuild spokeswoman confirmed that Myrick left the company, effective July 11. "We thank him for his efforts," she said. "Fred Marino, vice chairman of ProBuild’s board will serve as acting president and CEO, while an executive search is conducted. He has been involved in the building products industry and active on our board for many years." 

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S.HEIFNER says:
Jul-13-2011 08:17 pm

ProBuild lost a dedicated and
ProBuild lost a dedicated and experienced man in Bill. Fist Paul H. and now Bill. All things (good & bad) hinge on leadership and Fred can fill the bill. There is one good replacement to come and I know.

M.Feinman says:
Jul-12-2011 07:10 pm

I wonder if he stopped and
I wonder if he stopped and got his slurpee on his way home ??

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NLBMDA offers second Scope of the Industry report

BY HBSDealer Staff

The National Lumber and Building Material Dealers Association (NLBMDA) announced it is ready to release the second edition of its Scope of the LBM Industry Report.

The report was originally created in 2009 to help the industry with benchmarking, planning and understanding industry trends. The second edition of the report brings an increased focus on statistical trends with comparisons to the earlier edition. 

According to the NLBMDA: "The report explains why building material dealers operate the way they do and how they have evolved in response to the marketplace, noting valuable benchmarking data for all members of the building industry, which is especially vital in today’s tumultuous economy."

The report’s sponsors included: Activant, BlueLinx, Do it Best, Dow Building Solutions, ITW Building Components Group, iLevel by Weyerhaeuser and LMC.

NLBMDA members receive a 30% discount.

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John H. Myers joins US LBM Holdings

BY Brae Canlen

John H. Myers, a six-unit chain of LBM outlets located throughout south central Pennsylvania and Northern Maryland, has joined US LBM Holdings as its seventh division.

Revenues for Myers, No. 99 on the HCN Pro Dealer Scoreboard, topped $55 million in 2010, and the company is on track to exceed that pace in 2011, according to the announcement. The company also operates showrooms featuring kitchens, flooring, windows, doors and other products for the custom and regional builder, remodeler and consumer.

Myers will continue to operate as John H. Myers & Son with its same work force and base of retail locations. US LBM Holdings provides Myers with capital and back-office support to enable growth. 

“John H. Myers & Son has played an important role in the growth of our communities since its founding in 1916,” said Bob Myers III, a fourth-generation family owner who will serve on the senior leadership team. “My family and I are excited about this new chapter for the company. Our customers, vendors and employees will benefit from our ability to access resources made available by a partnership with US LBM.”

Bob Wood will continue to serve as president of Myers, a position he has held for the past six years. The company is headquartered in York, Pa.

US LBM Holdings, No. 10 on the HCN Pro Dealer Scoreboard, is a collection of seven LBM dealers serving the Midwest, Northeast and Mid-Atlantic in eight states with more than 35 locations. US LBM, owned by private equity group BlackEagle Partners, is the fastest-growing pro dealer in the United States.  

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