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Posted 08 February, 2024

Core & Main, Inc. appointed new CEO

CEO Change detected for ticker NYSE:CNM in a 8-K filed on 08 February, 2024.


  On February 7, 2024, the Board, upon the recommendation of the Nominating and Governance Committee of the Board, appointed Stephen O. LeClair to replace James G. Berges as Chair of the Board. Mr. LeClair is and will continue to be the Chief Executive Officer ("CEO") of the Company and has served as CEO and a member of the Board since 2021.  

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Overview of Core & Main, Inc.
Retail/Wholesale • Wholesalers
Core & Main, Inc. is a specialty distributor focused on water, wastewater, storm drainage and fire protection products, and related services. The company provides infrastructure solutions to municipalities, private water companies and professional contractors across municipal, non-residential, and residential end markets, nationwide. The firm with various branches across the U.S., provides its customers local expertise backed by a national supply chain. The company was founded in 1874 and is headquartered in St. Louis, MO.
Market Cap
$10.0B
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Core & Main, Inc. by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers

Departure of Directors affiliated with Clayton, Dubilier & Rice, LLC

On February 7, 2024, James G. Berges informed Core & Main, Inc. (the "Company") of his decision to resign from his position as Chair of the board of directors (the "Board") of the Company, various committees of the Board and as a member of the Board, effective immediately. Further, on February 7, 2024, Ian A. Rorick, Nathan K. Sleeper and Jonathan L. Zrebiec each informed the Company of their decision to resign from their positions as members of the Board, effective immediately. Messrs. Berges, Rorick, Sleeper and Zrebiec are affiliated with the private equity firm Clayton, Dubilier & Rice, LLC ("CD&R"), and have resigned as members of the Board in connection with the successful exit of CD&R's investment in the Company, which was completed on January 25, 2024. 

Appointment of Stephen O. LeClair as Chairman of the Board and James G. Castellano as Lead Independent Director

On February 7, 2024, the Board, upon the recommendation of the Nominating and Governance Committee of the Board, appointed Stephen O. LeClair to replace James G. Berges as Chair of the Board. Mr. LeClair is and will continue to be the Chief Executive Officer ("CEO") of the Company and has served as CEO and a member of the Board since 2021. 

In addition, the Board, upon the recommendation of the Nominating and Governance Committee of the Board, appointed James G. Castellano to the newly created position of Lead Independent Director of the Board. Mr. Castellano, who joined the Board in 2021, will continue to serve as Chair of the Board's Audit Committee.