Beacon Roofing Supply names new CEO
Industry veteran Julian Francis will replace Paul Isabella.
Beacon Roofing Supply announced that it has appointed Julian Francis as its new president and CEO.
Francis, will also become a member of the board of directors and is expected to join the company on Sept. 1. Since October 2014, Francis has served as the president of the insulation business at Owens Corning. He also served as vice president and general manager of Owens Corning’s residential insulation business from 2012-2014.
In addition to other leadership positions at Owens Corning, Francis spent 10 years at USG Corporation rising through the marketing, strategy, and general management ranks, Beacon said. He last served as vice president of marketing.
“We are enthusiastic to have Julian join Beacon as our president and CEO and a member of our board of directors,” said Robert Buck, Beacon chairman. “Julian brings a unique blend of executive and operational experience, strong industry reputation and knowledge, and a strategic vision that set him apart from other candidates in our national search.”
In February, Beacon announced that current President and CEO Paul Isabella would be leaving the company in 2019 after 12 years of service.
“I am extremely excited to become Beacon’s President and CEO and a member of its board of directors. I have closely observed Beacon’s exceptional growth in becoming the industry’s leading distributor, and I have admired Beacon’s reputation with customers and suppliers and for having hard working and dedicated employees. I join Beacon at a time of tremendous future growth opportunity,” Francis said.
Beacon Roofing Supply, based in Herndon, Va., is the largest publicly traded distributor of residential and commercial roofing materials and building products with more than 500 branches in North America.
Despite flat sales in the second quarter, for the first six months of 2019 the roofing and building products distributor posted net sales of $3.15 billion, up more than 23% from net sales of $2.55 billion for the first half of 2018.
But the company reported a net loss of $30.9 million for the second quarter and a loss of $81 million for the first six months of 2019 compared to a net loss of $5.1 million for the same period in 2018.
During Isabella’s tenure, Beacon acquired Allied Building Products in a $2.62 billion cash deal that closed in January 2018.
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