TUCKER, Ga.--(BUSINESS WIRE)--Oct 8, 2019--
GMS Inc. (NYSE: GMS), a leading North American specialty distributor of interior building products, today announced that Scott M. Deakin has been appointed Vice President and Chief Financial Officer, effective October 21, 2019.
“After conducting a thorough search, we are pleased to welcome a CFO with Scott’s breadth of skills to GMS,” said John C. Turner, Jr., President and Chief Executive Officer. “He brings a well-honed combination of both financial acumen and business operations expertise, with a proven track record of effecting positive performance and a skill set spanning financial planning and analysis, strategic planning, corporate development, investor relations, process improvement and operations. We are confident that Scott’s years of experience spent in senior financial roles, including as a public company CFO, will be integral to GMS as we continue to build upon our highly-capable finance organization in support of the execution of our growth strategy.”
Mr. Deakin said, “GMS has an energized team and tremendous opportunity ahead. I am excited to join as CFO at this important time in the company’s evolution. In addition to working with John and the entire GMS team, I look forward to drawing on my leadership experience as we focus on advancing the Company’s next phase of growth and success.”
Lynn Ross, who has served as the Company’s Interim Chief Financial Officer, will continue in her role as Chief Accounting Officer and Corporate Controller. Mr. Turner continued, “I would like to sincerely thank Lynn for her outstanding performance as our Interim CFO and look forward to her continued significant contributions to GMS.”
Scott Deakin is a seasoned financial executive, proven strategist and disciplined operator with more than 25 years of leadership experience in both publicly-traded and privately-held organizations. He most recently served as the President of the Thermal Acoustical Solutions segment of Lydall, Inc., a publicly-traded global manufacturer of specialty engineered products, where he led strategy development and was accountable for the segment’s profitable operations. Prior to that, he served as Executive Vice President and CFO of Lydall, Inc. where he oversaw its finance and accounting organization, contributed to the successful completion and integration of multiple acquisitions and led the improvement of corporate processes. Mr. Deakin previously served as Executive Vice President, Chief Financial Officer of Ensign-Bickford Industries, Inc. Earlier in his career he also held the role of Senior Vice President, Corporate Development at Barnes Group, Inc. and various operating and finance roles during his 12 years at Eaton Corporation. He began his career at Deloitte and Pricewaterhouse Coopers, LLP. Mr. Deakin holds a Master of Business Administration degree from Carnegie Mellon University and a Bachelor of Science degree in Business Administration from Bowling Green State University.
Founded in 1971, GMS operates a network of more than 250 distribution centers across the United States and Canada. GMS’s extensive product offering of wallboard, suspended ceilings systems, or ceilings, and complementary construction products is designed to provide a comprehensive one-stop-shop for our core customer, the interior contractor who installs these products in commercial and residential buildings.
This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. You can generally identify forward-looking statements by our use of forward-looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "seek," or "should," or the negative thereof or other variations thereon or comparable terminology. We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. Forward-looking statements involve risks and uncertainties, including those factors described in the "Risk Factors" section in our filings with the SEC. We undertake no obligation to update any of the forward looking statements made herein, whether as a result of new information, future events, changes in expectation or otherwise.
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Leslie H. Kratcoski
James Golden / Leigh Parrish / Jeffrey Kauth
Joele Frank, Wilkinson Brimmer Katcher
KEYWORD: GEORGIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: OTHER MANUFACTURING COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY SPECIALTY MANUFACTURING RETAIL RESIDENTIAL BUILDING & REAL ESTATE
SOURCE: GMS Inc.
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PUB: 10/08/2019 06:55 AM/DISC: 10/08/2019 06:55 AM