Beacon announces departure of COO
Beacon announced that Chief Operating Officer C. Eric Swank will be leaving the company at the end of February.
During his 16-year career at Beacon, Swank served in senior executive roles of increasing importance and ultimately led the company’s $6 billion exterior products business for the last two years.
“Eric’s dedication to Beacon, its employees and customers in each of his roles has been critical to the Company’s success over the past 16 years,” said Julian Francis, Beacon president and CEO. “He helped create a culture of operational excellence throughout the Company that has driven shareholder value while building great teams who embody his passion for our customers. I wish Eric all the very best in his future endeavors, and I know he will bring great skill and determination to any pursuit.”
In its announcement, Beacon said that Swank’s tenure and service with the company have been marked by many significant accomplishments that helped build Beacon from a $600 million organization into a $7 billion Fortune 500 company.
“I could not be more appreciative to have had the opportunity to be part of such a great organization and work with such fine people, both internally and externally,” Swank said. “Leading and being part of Beacon’s growth from a large regional player to the nation’s largest publicly traded roofing distributor has been incredibly rewarding. Along the way, the careers and lives I have been able to touch and be part of will forever be some of my fondest memories. Beacon is made up of individuals who wake up every day with a desire to help our customers build a better future for themselves and the communities they serve. I look forward to watching that continue for many years to come.”
Based in Herndon, Va., Beacon distributes roofing and complementary building products through more than 500 branches in the United States and Canada.
Last month, Beacon announced that it is selling its interior products business to affiliates of American Securities LLC in an $850 million deal. The sale includes 81 branch locations, which distribute wallboard, acoustical ceilings, steel framing and insulation to both residential and commercial contractors.