- Push-out Score determined
- After about four years in the position
- Praise, thanks and good wishes for Flitman
- Dave Rush taking over temporarily
- Search for a successor
- Flitman kept it short and said 59 words
(exechange) — Dallas, Texas, November 21, 2022 — Dave Flitman, chief executive of Builders FirstSource, leaves his position. As announced by Builders FirstSource Inc. in a news release on Monday, November 21, 2022, David E. (Dave) Flitman leaves his post as chief executive officer at the supplier of building products, after about four years in the role, effective immediately.
Builders FirstSource will undertake a search for a successor.
Dave Flitman’s duties as CEO will be taken over temporarily by Dave Rush, most recently Executive Vice President, Strategic Management Office (SMO) at Builders FirstSource Inc., as interim Chief Executive Officer.
“To accept another opportunity outside of the industry”
Dave Flitman’s departure from the CEO post is explained as follows. Builders FirstSource said: “Builders FirstSource, Inc. (NYSE: BLDR) (“Builders FirstSource” or the “Company”) today announced that its Chief Executive Officer, Dave Flitman, has stepped down as President, CEO and member of the Board of Directors (the “Board”) to accept another opportunity outside of the industry.”
Precise information regarding Dave Flitman’s future plans was not immediately available.
Builders FirstSource said that Dave Flitman “has stepped down as President, CEO and member of the Board of Directors.”
Share price increase since November 2021
The announcement follows an increase in Builders FirstSource Inc.’s share price of 10% since November 2021.
In the position of CEO since 2018
Dave Flitman became CEO in 2018.
Flitman was elected the Corporation’s Chief Executive Officer on April 1, 2021.
Additionally, on the Merger Effective Date, Flitman was appointed to the Board of Directors of the Corporation and elected the Corporation’s President.
Prior to the Merger, he had served on the Board of Directors and as the Chief Executive Officer and President of BMC since September 2018.
Prior to BMC, Flitman served as Executive Vice President of Performance Food Group Company, a family of leading foodservice distributors, and President and Chief Executive Officer of its Performance Foodservice division from January 2015 to September 2018.
Prior to Performance Food Group, Flitman served as Chief Operating Officer and President, USA & Mexico of Univar Corporation, a global chemical distributor, from January 2014 to December 2014 after joining Univar in December 2012 as President USA with additional responsibility for Univar’s Global Supply Chain & Export Services teams.
He had also served as Executive Vice President and President, Water and Process Services at Ecolab Inc., the global leader in water, hygiene and energy technologies and services, from November 2011 to September 2012, and previously Senior Executive Vice President of Nalco Holding Company from August 2008 until it was acquired by Ecolab in November 2011.
From February 2005 to July 2008, Flitman served as President of Allegheny Power System, an electric utility that served customers in Pennsylvania, West Virginia, Virginia, and Maryland.
Prior to this, he had nearly 20 years in operational, commercial, and global business leadership positions at DuPont, a science and technology-based company.
Flitman received his B.S. degree in Chemical Engineering from Purdue University.
In the last five years, he served on the board of the following public company: Vertiv Corporation (current).
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Dave Flitman’s move on a scale of 0 to 10.
exechange reached out to Builders FirstSource and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 48.2022 ($).