BMC Shareholders Reelect All Directors to the Board Expands Board with Election of Two New Independent Directors - Eugene I. Davis and Robert E. Robotti
BOISE, Idaho, May 3, 2012 /PRNewswire/ -- BMC, one of the nation's leading providers of building materials and construction services, today announced that all of its director nominees were reelected to its Board of Directors at the 2012 Annual Meeting of Shareholders held today. In addition, shareholders voted to elect two new independent directors, Eugene I. Davis and Robert E. Robotti, expanding the board from seven members to nine members, seven of whom are independent.
"We are delighted that Gene and Bob have agreed to join the BMC Board and appreciate the continuing service of the standing directors," said Jay B. Hunt, chairman of the BMC Board of Directors. "We look forward to benefiting from the considerable experience, financial expertise and fresh perspectives our new members will bring to the Board as we help BMC navigate through the current economic challenges and capitalize on the many business opportunities ahead."
Peter Alexander, chief executive officer of BMC, said, "We look forward to working closely with all of the outstanding people on our board as we continue to execute our turnaround strategy. I believe BMC has the right team and plan in place to drive forward. The company is uniquely positioned to benefit as market trends improve. Throughout 2012, we will remain focused on achieving strong sales growth and industry-leading margins while we continue to distinguish the BMC brand with outstanding customer service and differentiated products."
Eugene I. Davis
Mr. Davis is chairman and chief executive officer of PIRINATE Consulting Group, LLC, a privately held consulting firm specializing in turnaround management, merger and acquisition consulting and hostile and friendly takeovers, proxy contests and strategic planning advisory services for domestic and international public and private business entities. Previously, he served as president, vice chairman and director of Emerson Radio Corporation. Mr. Davis is a director of DEX One Corp., Global Power Equipment Group Inc., Spectrum Brands, Inc., U.S. Concrete, Inc. and WMI Holdings Corp. He is also a director of Trump Entertainment Resorts, Inc. and Lumenis Ltd., both privately held. Mr. Davis is also on the board of Ambassadors International.
Robert E. Robotti
Mr. Robotti is president and portfolio manager of Robotti & Company Advisors, LLC, a registered investment advisor, and president of Robotti & Company, LLC, a registered Broker dealer founded in 1983. He previously served as chief financial officer of Gabelli & Company, Inc. He currently serves as a director of Panhandle Oil & Gas Company, Pulse Seismic Inc. and Bishop Capital Corporation.
BMC, headquartered in Boise, Idaho, is a best-in-class provider of diversified building materials, trusses and components, doors and millwork, and targeted construction and installation services. With a centralized internal structure and dedicated teams with a broad spectrum of experience within the supply chain, the company covers markets with multiple locations throughout the nation, ultimately providing value to its customers. BMC operates in 16 markets in nine states, eight of which are in the top 25 single family construction markets, and has approximately 3700 employees.
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