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Beacon Roofing Supply, Inc. (NASDAQ: BECN) (“Beacon” or the “Company”) announced the appointment of Rick Welker, Vice President & Chief Accounting Officer, as Acting Chief Financial Officer effective January 1, 2013. The Company’s former CFO, David Grace, retired on December 31, 2012, as previously reported. A nationally recognized executive recruiting firm is conducting a search for Mr. Grace’s successor.
Mr. Welker joined Beacon as Corporate Controller in July 2004, prior to the Company’s IPO, and was promoted to Vice President in February 2006 and to Chief Accounting Officer in November 2011. He is a Certified Public Accountant and a Certified Management Accountant. Prior to joining Beacon, Mr. Welker had previous public company experience and held the following executive positions: Senior Vice President-CFO & Secretary of rue21; Vice President-CFO & Treasurer of Woodworkers Warehouse; and Vice President & Controller of Bradlees Department Stores. He started his career with PricewaterhouseCoopers.
Mr. Welker holds a BSBA degree from Western New England University and was honored as the outstanding accounting major by the WNEU faculty and the Massachusetts Society of CPAs. He is part of a small percentage of people who have passed both the CPA and CMA exams in the first sitting. Mr. Welker also holds an MBA in International Business from the University of Connecticut, and while a resident of Connecticut was a member of Big Brothers and named the first recipient of the statewide Deane Avery Connecticut Public Service Award. He resides with his wife, Susan, in Plymouth, Mass., and they have three sons.
Paul Isabella, the Company’s President & Chief Executive Officer, stated: “Rick has a loyal commitment to the Company and has the experience and technical abilities to help us cover the CFO role during this transition period. Rick has played an important part in our transformation to a successful public company and with our substantial growth over the years. He has helped build a very capable Finance team, including our divisional and regional controllers across North America who assist with our acquisitions. We believe we are developing deep talent throughout our management ranks, and Rick demonstrates the values of honesty, integrity and strong work ethic that are the foundation of our success.”