Beacon names new EVP and CFO
Beacon announced that Frank Lonegro has been appointed executive vice president and chief financial officer.
Frank Lonegro
Lonegro will join the company on April 20 and assume the role of CFO around May 15 as current CFO Joseph Nowicki transitions his duties, Beacon said.
Prior to joining the building and roofing products distributor, Lonegro was at CSX Corporation for 19 years, serving as EVP and CFO from 2015-2019. As CFO at CSX, Lonegro helped lead operational changes resulting in productivity savings and improved margins.
“I am extremely pleased to welcome Frank to the Beacon team,” said Julian Francis, president and CEO of Beacon. “Frank possesses deep strategic and financial acumen and a unique blend of executive, functional and operational experience that will strengthen Beacon as we enter our next phase of growth and deliver improved operational performance and shareholder value.”
Lonegro added: “I am very excited to join Beacon which is recognized as a building products industry leader in growth, innovation and service.”
Based in Herndon, Va., Beacon operates more than 500 branches throughout all 50 states in the U.S. and 6 provinces in Canada. Beacon serves over 110,000 customers.
Frank LonegroLonegro will join the company on April 20 and assume the role of CFO around May 15 as current CFO Joseph Nowicki transitions his duties, Beacon said.
Prior to joining the building and roofing products distributor, Lonegro was at CSX Corporation for 19 years, serving as EVP and CFO from 2015-2019. As CFO at CSX, Lonegro helped lead operational changes resulting in productivity savings and improved margins.
“I am extremely pleased to welcome Frank to the Beacon team,” said Julian Francis, president and CEO of Beacon. “Frank possesses deep strategic and financial acumen and a unique blend of executive, functional and operational experience that will strengthen Beacon as we enter our next phase of growth and deliver improved operational performance and shareholder value.”
Lonegro added: “I am very excited to join Beacon which is recognized as a building products industry leader in growth, innovation and service.”
Based in Herndon, Va., Beacon operates more than 500 branches throughout all 50 states in the U.S. and 6 provinces in Canada. Beacon serves over 110,000 customers.