Beacon announced the appointment of Carmelo Carrubba, Beacon's current Vice President of Strategy and Transformation, as Interim CFO, effective January 20, 2024, while the Company conducts an external search for its next CFO.
The Company previously announced that Executive Vice President & CFO Frank Lonegro will be leaving the Company effective February 1, 2024 to become the CEO of a publicly traded company outside of the building products industry.
Mr. Carrubba joined Beacon in April 2022 as Vice President of Strategy and Transformation and as a member of Beacon's Executive Committee. In these key leadership positions, Mr. Carrubba shares responsibility for creating and supporting the value creation framework to drive the successful execution of Beacon's Ambition 2025.
Mr. Carrubba has extensive executive, functional and operational experience, having joined Beacon from Glatfelter, a US publicly-traded leading manufacturer of engineered materials, where he served as Vice President of Strategy and Sustainability, after serving in a similar role at Jacob Holm, a privately-held engineered material manufacturer, where he served as Corporate Vice President of Strategy and Sustainability.
Founded in 1928, Beacon is a distributor of building products, including roofing materials and complementary products, such as siding and waterproofing. The company operates over 500 branches throughout all 50 states in the U.S. and 6 provinces in Canada.
