EIGHTY FOUR, Pa. – 84 Lumber executive Paul Lentz was named the 2017 recipient of the Pittsburgh Business Times “CFO of the Year” award.
The year has been a catalyst for change at the building materials retailer, says 84 Lumber, with high-visibility and high impact efforts taking place across the organization – including the company’s first-ever Super Bowl commercial, the launch of its recruitment campaign, grand openings across the country.
Driving the financial aspects of these efforts behind the scenes has been Lentz, as chief financial officer, who has survived the trials the downturn and been involved with the dramatic repositioning of the firm.
Lentz’s tenure with the company spans 30 years, having begun his career in 84 Lumber’s accounting department and working his way up the company’s career ladder. In 2010, among one of the worst housing market crashes since the Great Depression, he accepted a well-deserved, yet challenging, promotion from the company’s financial controller to 84 Lumber’s new chief financial officer.
During the tumultuous market downturn in the second half of that year, he also brought an unfaltering commitment to 84 Lumber. His selection for the task, by 84 Lumber’s owner and president Maggie Hardy Magerko, was key to the company’s reemergence.
“Paul has been a critical part of our success,” she said. “He is a key member of our executive leadership team and continues to find new ways to improve our business. This award is great recognition for Paul and we’re proud to have him as part of the 84 Lumber family.”
Since Lentz’s appointment as chief financial officer, 84 Lumber has experienced increasing revenue figures year over year and a strong financial stability that has allowed the company to invest in added capabilities. Additionally, due to his achievements as chief financial officer of 84 Lumber, Lentz also recently expanded his responsibilities to include financial visibility of Nemacolin Woodlands Resort.
Founded in 1956, 84 Lumber Company is the nation’s leading privately held supplier of building materials, manufactured components, and industry-leading services for single- and multi-family residences and commercial buildings. 84 Lumber operates more than 250 stores, component manufacturing plants, custom door shops, custom millwork shops, and engineered wood product (EWP) centers in 30 states, representing the top 130 markets in the country. 84 Lumber also offers professional residential and commercial contractors turn-key installed services for a variety of products including framing, insulation, siding, windows, roofing, decking, and drywall. A certified women’s business enterprise owned by Maggie Hardy Magerko, 84 Lumber was named as one of Forbes’ Best Midsize Employers in America in both 2016 and 2017 and Forbes’ Largest Private Companies in America 2016. For more information, please visit www.84lumber.com.
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