pcloudy.png
Sunday July 12th, 2020 3:54PM

GMS Appoints Scott M. Deakin as Chief Financial Officer

By The Associated Press

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.

 

View source version on businesswire.com:

CONTACT: Investors:

Leslie H. Kratcoski

ir@gms.com

770-723-3306

Media:

James Golden / Leigh Parrish / Jeffrey Kauth

Joele Frank, Wilkinson Brimmer Katcher

212-355-4449

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.

Copyright Business Wire 2019.

PUB: 10/08/2019 06:55 AM/DISC: 10/08/2019 06:55 AM

http://www.businesswire.com/news/home/20191008005172/en

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Corporate News, AP Online - Georgia News, AP Business Wire - Georgia
© Copyright 2020 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Biden plan: Free community college, expanded loan programs
Democratic presidential candidate Joe Biden proposes higher education policies that would make community and technical college free while making existing federal college loan programs more generous
6:45AM ( 16 minutes ago )
UK says chances of Brexit deal fading fast
The British government says the chances of a Brexit deal with the European Union are fading fast, as the two sides remain unwilling to shift from their entrenched positions
6:44AM ( 17 minutes ago )
The Latest: Swiss scientists celebrate Nobel Physics win
Two Swiss scientists are celebrating their Nobel Prize in Physics for discovering a planet outside our solar system orbiting a solar-type star
6:33AM ( 28 minutes ago )
Associated Press (AP)
The Latest: Chinese say people have expressed their opinion
Chinese Foreign Ministry spokesman Geng Shuang says ordinary people have already expressed their position after a tweet unraveled the country's relationship with the NBA
6:04AM ( 57 minutes ago )
The Latest: Trump defends decision to abandon Kurds in Syria
President Donald Trump is casting his decision to abandon Kurdish fighters in Syria as fulfilling a campaign promise to withdraw from "endless war" in the Middle East
5:49AM ( 1 hour ago )
The Latest: Silver says NBA not apologizing for Morey
NBA Commissioner Adam Silver says he's still planning to go to China on Wednesday in advance of preseason games there between the Los Angeles Lakers and the Brooklyn Nets later in the week
5:46AM ( 1 hour ago )
AP Business
Samsung predicts profit decline as chip market swoons
Samsung Electronics says its operating profit for the last quarter will likely fall by more than half from a year earlier amid sluggish global market for computer chips
1:27AM ( 5 hours ago )
Hong Kong stock exchange drops bid to buy London exchange
Hong Kong stock exchange drops bid to buy London exchange opposed by European exchange's management
1:00AM ( 6 hours ago )
Profit, not politics: Trump allies sought Ukraine gas deal
A circle of businessmen and Republican donors touted their connections to Trump and Giuliani as they sought to install new management at the top of Ukraine's state-owned gas company
5:52PM ( 13 hours ago )
AP Business - Corporate News
Bullpens? More like blowpens as playoff relievers get rocked
It's been a tough month for major league relief pitchers, with bullpens often getting tagged in the playoffs
2:57AM ( 4 hours ago )
Dunkfest: Zion shows high-flying skills in preseason debut
Zion Williamson turned his NBA preseason debut into a dunkfest, slamming it three times in the first half for the New Orleans Pelicans
12:19AM ( 6 hours ago )
Milwaukee tops Chicago 122-112 despite resting Giannis
Robin Lopez and Frank Mason III both scored 14 points to lead the Milwaukee Bucks over the Chicago Bulls 122-112 in preseason action on Monday night
11:11PM ( 7 hours ago )
AP Online - Georgia News
AP Business Wire - Georgia
Biden plan: Free community college, expanded loan programs
Democratic presidential candidate Joe Biden proposes higher education policies that would make community and technical college free while making existing federal college loan programs more generous
6:45AM ( 17 minutes ago )
UK says chances of Brexit deal fading fast
The British government says the chances of a Brexit deal with the European Union are fading fast, as the two sides remain unwilling to shift from their entrenched positions
6:44AM ( 17 minutes ago )
The Latest: Swiss scientists celebrate Nobel Physics win
Two Swiss scientists are celebrating their Nobel Prize in Physics for discovering a planet outside our solar system orbiting a solar-type star
6:33AM ( 28 minutes ago )
Company making Costco pajamas flagged for forced labor
US Customs crackdown on clothes, rubber gloves and charcoal citing labor abuse rattles American companies that buy from foreign factories where labor abuse is alleged.
6:30AM ( 32 minutes ago )
Turkey says it won't bow to US threat over its Syria plans
Turkey says it won't bow to US threats over Syria plans in apparent response to Trump's warning to Ankara
6:19AM ( 42 minutes ago )