GMS Inc. (NYSE:GMS) (the “Company”) announced that Doug Goforth, the Company’s Chief Financial Officer (CFO), plans to depart the company to explore leadership opportunities outside of GMS. To ensure a smooth transition, Mr. Goforth plans to continue to serve as CFO of GMS until December 31, 2018 or until a successor is named and as an advisor to the company through March 31, 2019. GMS has initiated a search to identify qualified candidates to fill the permanent CFO position.
Mike Callahan, President and CEO of GMS, stated, “On behalf of everyone across the GMS family and our Board of Directors, I’d like to thank Doug for his significant contributions to our Company over the last four-plus years. During his time with GMS, Doug has been an integral part of our successful transition from a privately held company with 140 locations and $1.3 billion in revenue, to a successful public company that has grown to over 240 locations and approximately $3.0 billion in pro-forma LTM revenue as of April 30, 2018. We have maintained a healthy balance sheet throughout this time while achieving several years of record revenue and adjusted EBITDA performance. We thank Doug for committing to an orderly transition of the CFO responsibilities and wish him well in his future endeavors.”