RALEIGH, N.C. - BMC Stock Holdings, Inc. (Nasdaq: BMCH), one of the leading providers of diversified building products and custom millwork in the U.S. residential construction market, named David E. Flitman, 54, President and Chief Executive Officer.
 
BMC says Flitman’s service will commence no later than October 1, 2018.  He will also join the board of directors at that time. Flitman succeeds Dave Keltner who has served as Interim President and Chief Executive Officer since January 2018 and who will continue to serve as a Director. 
 

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In recent weeks a number of investors have increased their holdings in BMC, notably Paradigm Capital Management Inc. of New York, which purchased  234,700 shares of the company’s stock, worth nearly $5 million. Other institutional investors and hedge funds have also added to their positions in the company, including Schwab Charles Investment Management Inc. now owns 467,391 shares of the company’s stock valued at $9,746,000.

Flitman has worked in leading distribution businesses across multiple industries, including Performance Food Group, Univar and Ecolab. Performance Foodservice, which sells and delivers more than 125,000 food and food-related products to over 85,000 customer locations, generated net sales of $10.4 billion in fiscal 2018. Earlier in his career, Mr. Flitman spent 3 years at Allegheny Power and nearly 20 years at DuPont.
 
“Dave brings a wealth of knowledge and experience critical to BMC’s growth, operational excellence and customer service goals," said David Bullock, chairman of BMC.  "His extensive manufacturing and distribution expertise, track record of execution in growing businesses and keen understanding of the importance of providing value-added products and services to customers make him the ideal person for this role." 
 
With Flitman's appointment, BMC said it would relocate its headquarters and the office of the to existing offices in Raleigh, N.C. effective September 30, 2018.  
 
With $3.4 billion in 2017 net sales, BMC is one of the leading providers of diversified building products and services to builders, contractors and professional remodelers in the U.S. residential housing market. Its portfolio of products and solutions spans building materials, including millwork and structural component manufacturing capabilities, consultative showrooms and design centers, value-added installation management services. BMC serves 45 metropolitan areas across 19 states.

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