Roofing Supply Group Names New Chief Executive Officer
DALLAS, Nov. 18, 2013 /PRNewswire/ -- Roofing Supply Group, LLC ("RSG"), a national leader in the wholesale distribution of roofing supplies and related building materials, announced today the appointment of Peter Arvan as the company's new Chief Executive Officer effective December 2, 2013.
Pete joins RSG from SABIC Polymershapes (formerly GE Plastics) where he has served as President since 2004. Under Pete's leadership, SABIC Polymershapes significantly grew organic revenues and dramatically expanded margins and cash flow during his tenure.
Pete began his career in GE's Distribution Management Program, beginning with customer service and branch management roles, and over the past 25 years he has held positions of increasing responsibility. He has spent his entire career in world class distribution businesses with GE and SABIC (SABIC acquired GE plastics in 2007). More recently Pete was the Six Sigma Quality Leader and the Global Supply Chain Leader for GE Supply, a $2.3B global electrical distributor.
Chairman of the Board for the Roofing Supply Group holding company, Phil Knisely, said, "Pete's passion for operational excellence, strong customer and vendor relationships, and winning track record make him the ideal fit to lead the strong team we have in place at RSG."
Phil expressed appreciation for the departing CEO, Mike Farrell, who will be leaving RSG to pursue other opportunities. He added, "On behalf of the Board of Directors, I would also like to thank Mike for his service to RSG. Mike effectively managed RSG through a very challenging macro environment and we wish him every success in the next step of his career."
About Roofing Supply Group
Owned by investment funds affiliated with Clayton, Dubilier & Rice, LLC, Roofing Supply Group, LLC ("RSG") is headquartered in Dallas, Texas, and is one of the largest wholesale distributors of roofing supplies and related materials in the United States. Through its network of 64 locations in 24 states nationwide, RSG provides one-step distribution services from roofing product manufacturers to roofing contractors and homebuilders. Each branch carries a complete line of roofing products for residential and commercial roofing, including composition asphalt shingles, underlayment and associated ancillary products. For more information regarding Greenfields & Acquisitions, please contact Jeff Clay, Vice President Strategic Planning & Corporate Development, at firstname.lastname@example.org or 214.956.5184.
About Clayton, Dubilier & Rice
Founded in 1978, Clayton, Dubilier & Rice is a private equity firm with an investment strategy predicated on producing financial returns through building stronger, more profitable businesses. The Firm's partners and advisors include a combination of skilled investment decision-makers and seasoned corporate leaders from major global enterprises. Since inception, CD&R has managed the investment of more than $18 billion in 56 businesses with an aggregate transaction value of approximately $90 billion. The Firm has offices in New York and London. For more information, please visit http://www.cdr-inc.com/.
SOURCE Roofing Supply Group, LLC