ATLANTA, May 8, 2014 (GLOBE NEWSWIRE) -- BlueLinx Holdings Inc. (NYSE: BXC ), a leading distributor of building products in North America, announced today that Susan C. O'Farrell has accepted the position of Senior Vice President, Chief Financial Officer, Treasurer and Principal Accounting Officer effective May 19, 2014, replacing Doug Goforth, who is leaving the Company to pursue other interests.
Ms. O'Farrell has been a senior financial executive holding several roles with The Home Depot since 1999. As the Vice President of Finance, she led teams supporting the retail organization. Most recently, she was responsible for the finance function for The Home Depot's At Home Services Group. Ms. O'Farrell began her career with Andersen Consulting, LLP, leaving as an Associate Partner in 1996 for a strategic information systems role with AGL Resources. Ms. O'Farrell has a B.S. in business administration from Auburn University.
Mitch Lewis, President and Chief Executive Officer of BlueLinx, said: "BlueLinx is fortunate to have attracted a new Chief Financial Officer as talented as Ms. O'Farrell. Her broad-based experience in consulting coupled with her senior executive leadership roles in the building materials industry make her ideally suited to help drive BlueLinx' financial success and strategic direction in the years ahead."
Mr. Lewis continued, "On behalf of the BlueLinx Board of Directors and all of BlueLinx' associates, I would like to thank Doug for his significant contributions and service to our Company. Doug helped lead BlueLinx during a particularly challenging economic environment in our industry. We appreciate his dedicated service and wish him well in his future endeavors."
To assist in the transition, Mr. Goforth has agreed to serve in an advisory capacity until early June.
About BlueLinx Holdings Inc.
Headquartered in Atlanta, Georgia, BlueLinx Holdings Inc., operating through its wholly owned subsidiary BlueLinx Corporation, is a leading distributor of building products in North America. Employing over 1,700 people, BlueLinx offers greater than 10,000 products from over 750 suppliers to service approximately 11,500 customers nationwide, including dealers, industrial manufacturers, manufactured housing producers and home improvement retailers. The Company operates its distribution business from sales centers in Atlanta and Denver, and its network of 50 distribution centers. BlueLinx is traded on the New York Stock Exchange under the symbol BXC.
Forward-looking Statements
This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All of these forward-looking statements are based on estimates and assumptions made by our management that, although believed by BlueLinx to be reasonable, are inherently uncertain. Forward-looking statements, including those related to the exploration of strategic alternatives, involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of BlueLinx' control that may cause its business, strategy or actual results to differ materially from the forward-looking statements. These risks and uncertainties may include, among other things: changes in the supply and/or demand for products that it distributes, especially as a result of conditions in the residential housing market; general economic and business conditions in the United States; the activities of competitors; changes in significant operating expenses; changes in the availability of capital, including the availability of residential mortgages; the ability to identify acquisition opportunities and effectively and cost-efficiently integrate acquisitions; adverse weather patterns or conditions; acts of war or terrorist activities; variations in the performance of the financial markets; and other factors described in the "Risk Factors" section in the Company's Annual Report on Form 10-K for the year ended January 4, 2014, and in its periodic reports filed with the Securities and Exchange Commission from time to time. Given these risks and uncertainties, you are cautioned not to place undue reliance on forward-looking statements. BlueLinx undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events, changes in expectation or otherwise, except as required by law.
Mitchell B. Lewis, President and CEO BlueLinx Holdings Inc. (770) 953-2000 Investor Relations: Maryon Davis, Director Finance & IR (770) 221-2666
