BlueLinx Holdings (BXC) named Stephen E. Macadam CEO.

The Atlanta-based distributor of building products, which last year acquired the operating assets of the building products distribution division of Georgia-Pacific ( GP), said Macadam would succeed Chuck McElrea, who will retire effective immediately to devote his time to not-for-profit, public policy interests. McElrea will continue to serve as a board member and an advisor to the company.

Macadam has served as president and CEO of Consolidated Container, a producer of rigid plastic packaging products, and previously held executive positions at Georgia-Pacific.

"Steve is the perfect choice to succeed Chuck McElrea as BlueLinx chief executive officer," said Chairman Jeff Fenton. "He commands great respect for his leadership skills and for building an outstanding track record of success, operational excellence and growth over the course of his career. His familiarity with BlueLinx and the board will ensure a quick and seamless transition at the company."

On Thursday, BlueLinx rose 12 cents to $12.92.

More from Real Estate

More and More Millennials Are Living at Home With Mom and Dad

More and More Millennials Are Living at Home With Mom and Dad

It's Harder for Recent Grads to Move Out Now Than It Was 10 Years Ago

It's Harder for Recent Grads to Move Out Now Than It Was 10 Years Ago

Should You Become a Landlord?

Should You Become a Landlord?

Why Nashville, Denver, LA Should Reconsider Bids for Amazon HQ2

Why Nashville, Denver, LA Should Reconsider Bids for Amazon HQ2

How to Start Saving for a Down Payment for Your Home

How to Start Saving for a Down Payment for Your Home