LBM Advantage appoints new CFO

LBM Advantage, Inc., one of the nation’s largest lumber and building material cooperatives, announced that Dave DeJoy has joined their team as chief financial officer.

DeJoy will work from LBM Advantage’s corporate headquarters in New Windsor, N.Y.

The new CFO arrives at LBM Advantage with more than 30 years of experience in finance, accounting, and sales operations. His previous global positions include roles at Asia Pacific and IBM. 

He will oversee all financial operations and help drive strategic financial imperatives across Advantage’s member and vendor communities, the buying group said. DeJoy will also oversee LBM Advantage's information technology department. 

“It was clear that Dave’s extensive background in finance and management would be a great asset to LBM Advantage’s business performance,” said Steve Sallah, LBM Advantage president and CEO said. “We are delighted that he will be at the helm ensuring the success of our members.”

Sallah had also been previously acting as the cooperative's interim CFO. 

About his new role, Dave said, “I am excited to join the LBM Advantage team and to be a part of this important, vibrant industry. I look forward to teaming with our financial team members to drive continued growth of LBM Advantage and our members.”

LBM Advantage is a wholly member-owned cooperative for the building and lumber and building materials industry. The cooperative has more than 500 independent members and operates four locations in New Windsor, N.Y., Grand Rapids, Mich., Smithfield, N.C., and Monroe, La.