REPORT: Why BMC Stock chose Raleigh
While BMC Stock announced that it had selected a new CEO and president who will join the company by October, the pro dealer also reported that it would be moving its executive offices from Atlanta, Ga. to Raleigh, N.C.
In an interview with the Triad Business Journal, BMC Stock Interim CEO David Keltner said that moving the company’s headquarters was a formality. The dealer already maintains an office in Raleigh with about 200 employees and several executives, including BMC’s CFO and information technology officer.
Although BMC will maintain an office in Atlanta, only 25 employees work at the office. Essentially, BMC is moving its headquarters back to the roots of Stock Building Supply.
After being formed in 1987 as Building Materials Holding Corp. (BMHC) and BMC West, the company eventually split its headquarters between Boise, Idaho and San Francisco. Carolina Holdings became Stock Building Supply in 2003, calling Raleigh its home.
Both Stock and BMHC were in Chapter 11 by the late 2000s before emerging, BMCH rebranding itself as BMC, and both companies joining forces in a 2015 merger.
Yesterday, along with the move, BMC Stock announced it had selected David Flitman as the company’s new president and CEO. He is expected to join the company by Oct. 1.
For more about the move to Raleigh, read the Triad Business Journal’s interview with Keltner.
In an interview with the Triad Business Journal, BMC Stock Interim CEO David Keltner said that moving the company’s headquarters was a formality. The dealer already maintains an office in Raleigh with about 200 employees and several executives, including BMC’s CFO and information technology officer.
Although BMC will maintain an office in Atlanta, only 25 employees work at the office. Essentially, BMC is moving its headquarters back to the roots of Stock Building Supply.
After being formed in 1987 as Building Materials Holding Corp. (BMHC) and BMC West, the company eventually split its headquarters between Boise, Idaho and San Francisco. Carolina Holdings became Stock Building Supply in 2003, calling Raleigh its home.
Both Stock and BMHC were in Chapter 11 by the late 2000s before emerging, BMCH rebranding itself as BMC, and both companies joining forces in a 2015 merger.
Yesterday, along with the move, BMC Stock announced it had selected David Flitman as the company’s new president and CEO. He is expected to join the company by Oct. 1.
For more about the move to Raleigh, read the Triad Business Journal’s interview with Keltner.