SVP Paul Ryan has been named the successor of retiring CEO John Somerville.
Paul Ryan, LMC's next president and CEO.
LMC, the forest products and building materials buying group, announced that it has a new president and CEO.
Paul Ryan will succeed John Somerville who previously announced that he will retire in June after 11 years with LMC.
Ryan joined LMC in 2016 and has served as senior vice president of finance and technology. Before joining LMC, Rya served as chief financial officer for Affiliated Distributors (AD), the building materials and industrial products buying group.
He started his career at Affiliated Distributors as controller before being promoted to vice president of finance, and finally CFO. Prior to joining AD, Ryan was the financial controller for VWR International, a distributor of lab supplies, after serving nine years with Ernst & Young as a CPA.
“Paul’s experience at LMC, as well as, 17 years working within the co-op world makes him a great fit to lead LMC,” Somerville said. “In his tenure at LMC, he has driven remarkable efficiencies within our organization and enhanced our use of technology, setting us on a solid growth path into the future.”
LMC Chairman Charlie Kreyer added, “In the last five years, Paul has spearheaded many notable improvements within LMC and dramatically enhanced the use of technology to better serve all its members. He has proven his ability to advance our co-op and understands the unique challenges that lay ahead. “
Under Ryan’s leadership, LMC will remain committed to creating advantages that provide a competitive edge for its independent lumber & building material dealers, the Wayne, Pa.-based buying group said.
Last year, LMC had collective retail sales of over $17 billion.
“I am excited about the opportunity to lead LMC into the future with a team that understands the importance of building a world-class organization within a competitive industry,” Ryan said. “Building on our current initiatives, I look forward to driving the future growth of LMC and our LMCDealers.”
LMC has more than 1,400 dealer locations in the United States and the Bahamas.