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Posted 11 March, 2021

Builders FirstSource, Inc. appointed new CEO

CEO Change detected for ticker NYSE:BLDR in a 8-K filed on 11 March, 2021.


  As previously disclosed, Mr. M. Chad Crow, the current Chief Executive Officer of Builders FirstSource, Inc., a Delaware corporation (the "Company"), will retire effective April 1, 2021.  

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Overview of Builders FirstSource, Inc.
Real Estate/Construction • Building Materials/Products
Builders FirstSource, Inc. engages in the supply and manufacture of building materials, manufactured components and construction services to professional homebuilders, subcontractors, remodelers and consumers. Its products include factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, and engineered wood. The company was founded by Kevin P. O'Meara, Donald F. McAleenan and John D. Roach in March 1998 and is headquartered in Irving, TX.
Market Cap
$24.5B
View Company Details
Builders FirstSource, Inc. by TradingView
Relevant filing section
Item 5.02 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


As previously disclosed, Mr. M. Chad Crow, the current Chief Executive Officer of Builders FirstSource, Inc., a Delaware corporation (the "Company"), will retire effective April 1, 2021. Following his retirement, Mr. Crow will continue to serve as a consultant to the Company until April 1, 2023, to assist in the transition of the chief executive officer role (the "Consulting Period"). 

In connection with his new role, Mr. Crow entered into a Consulting Agreement (the "Consulting Agreement") with the Company on March 5, 2021 pursuant to which Mr. Crow will provide executive-level advisory consulting services to the Company for two years after the date of his retirement. Under the Consulting Agreement, his outstanding restricted stock unit awards will continue to remain outstanding and vest in accordance with the terms of the original award agreements, subject to Mr. Crow's continued service to the Company during the Consulting Period. In addition, Mr. Crow agrees that he will not compete with the Company or solicit the Company's employees or customers during the Consulting Period and for twelve months thereafter. The Consulting Agreement also provides for a general release of claims against the Company by Mr. Crow.