BlueLinx Holdings Inc. (NYSE:BXC), a leading distributor of
building and industrial products in the United States, announced
today that Susan O’Farrell, its Senior Vice President, Chief
Financial Officer, and Treasurer, will be retiring after 35 years
of work, including almost six years in her role with the Company.
Ms. O’Farrell will remain with the Company until April 12, 2020,
and will help prepare for and assist with transitioning her role.
Mitch Lewis, President and Chief Executive
Officer, stated, “I am grateful to Susan for all the contributions
that she made for and on behalf of BlueLinx as we worked to
transform the company together. Susan has been a true partner
helping to fundamentally improve our performance. The BlueLinx team
wishes her a prosperous retirement as she moves into the next phase
of her life.”
“I am deeply appreciative of the opportunity to
have served as the Chief Financial Officer of BlueLinx and am
leaving the organization in a great position to realize enhanced
economic performance as a market leader in wholesale distribution.
The skills that I have strengthened working with BlueLinx have been
invaluable, and I’m now looking forward to transitioning to the
next professional phase of my life,” said Ms. O’Farrell.
The Company also announced today that Kelly C.
Janzen will join the Company as its Senior Vice President, Chief
Financial Officer, and Treasurer, effective April 13, 2020. Ms.
Janzen will be based out of the Company’s headquarters in Marietta,
Georgia.
“As we move into the next phase of our
development and growth, it’s important that we continue to add
highly accomplished, talented, and experienced people to our
executive leadership team. Kelly brings a depth and breadth of
technical accounting, process improvement, and integration
experience to the Company that will enrich the management team,
while enabling us to execute successfully on our objectives in 2020
and beyond,” stated Mr. Lewis.
Ms. Janzen brings over 25 years of experience in
various financial roles, most recently as the Chief Accounting
Officer of WestRock Company, where she is responsible for all
aspects of financial controllership as well as financial
information technology. Before joining WestRock, Ms. Janzen served
as Vice President, Controller, and Chief Accounting Officer for
Baker Hughes Inc., Vice President Finance and Chief Accounting
Officer for McDermott International Inc., and served in various
leadership roles within the Controllership function with General
Electric.
“I’m very excited about joining the management
team at BlueLinx. I look forward to working with the company’s
entire leadership team to profitably grow sales, improve operating
margins and strengthen the balance sheet,” stated Ms. Janzen.
About BlueLinx Holdings
Inc.BlueLinx (NYSE: BXC) is a leading wholesale
distributor of building and industrial products in the United
States with over 50,000 branded and private-label SKUs, and a broad
distribution footprint servicing 40 states. BlueLinx has a
differentiated distribution platform, value-driven business model
and extensive cache of products across the building products
industry. Headquartered in Marietta, Georgia, BlueLinx has over
2,200 associates and distributes its comprehensive range of
structural and specialty products to approximately 15,000 national,
regional, and local dealers, as well as specialty distributors,
national home centers, industrial, and manufactured housing
customers. BlueLinx encourages investors to visit its website,
www.BlueLinxCo.com, which is updated regularly with financial and
other important information about BlueLinx.
Contacts:Investors:Mary Moll,
Investor Relations(866) 671-5138investor@bluelinxco.com
Forward-looking Statements
This press release contains forward-looking
statements. Forward-looking statements include, without limitation,
any statement that predicts, forecasts, indicates or implies future
results, performance, liquidity levels or achievements, and may
contain the words “believe,” “anticipate,” “expect,” “estimate,”
“intend,” “project,” “plan,” “will be,” “will likely continue,”
“will likely result” or words or phrases of similar meaning. The
forward-looking statements in this press release include statements
about realizing enhanced economic performance, executing
successfully on our objectives in 2020 and beyond, and profitably
growing sales, improving operating margins and strengthening the
balance sheet.
Forward-looking statements in this press release
are based on estimates and assumptions made by our management that,
although believed by us to be reasonable, are inherently uncertain.
Forward-looking statements involve risks and uncertainties that may
cause our business, strategy, or actual results to differ
materially from the forward-looking statements. These risks and
uncertainties include those listed under the heading “Risk Factors”
in Item 1A of our Annual Report on Form 10-K for the year ended
December 29, 2018, and those discussed in our Quarterly Reports on
Form 10-Q and in our periodic reports filed with the SEC from time
to time. We operate in a changing environment in which new risks
can emerge from time to time. It is not possible for management to
predict all of these risks, nor can it assess the extent to which
any factor, or a combination of factors, may cause our business,
strategy, or actual results to differ materially from those
contained in forward-looking statements. Factors that may cause
these differences include, among other things: our ability to
monetize real estate assets; our ability to integrate and realize
anticipated synergies from acquisitions; loss of material
customers, suppliers, or product lines in connection with
acquisitions; operational disruption in connection with the
integration of acquisitions; our indebtedness and its related
limitations; sufficiency of cash flows and capital resources;
changes in interest rates; fluctuations in commodity prices;
adverse housing market conditions; disintermediation by customers
and suppliers; changes in prices, supply and/or demand for our
products; inventory management; competitive industry pressures;
industry consolidation; product shortages, including those caused
by the spread of contagious illness; loss of and dependence on key
suppliers and manufacturers; new tariffs; our ability to
successfully implement our strategic initiatives; fluctuations in
operating results; sale-leaseback transactions and their effects;
real estate leases; exposure to product liability claims; our
ability to complete offerings under our shelf registration
statement on favorable terms, or at all; changes in our product
mix; petroleum prices; information technology security and business
interruption risks; litigation and legal proceedings; natural
disasters and unexpected events; activities of activist
stockholders; labor and union matters; limits on net operating loss
carryovers; pension plan assumptions and liabilities; risks related
to our internal controls; retention of associates and key
personnel; federal, state, local and other regulations, including
environmental laws and regulations; and changes in accounting
principles. Given these risks and uncertainties, we caution you not
to place undue reliance on forward-looking statements. We expressly
disclaim any obligation to update or revise any forward-looking
statement as a result of new information, future events or
otherwise, except as required by law.
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