ELKHART,
Ind., March 5, 2024 /PRNewswire/ -- Patrick
Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a
leading component solutions provider for the Outdoor Enthusiast and
Housing markets, announced today that it has appointed Andy Roeder as Executive Vice President-Finance,
Chief Financial Officer ("CFO"), and Treasurer of the Company,
effective March 5.
"We are delighted to announce that Andy will be joining
Patrick's leadership team after a robust search process that
encompassed strong candidates, both internal and external," said
Andy Nemeth, Chief Executive Officer
of Patrick. "Andy brings a wealth of experience with him to lead
the Company's finance function as we pursue our strategic vision
within the Outdoor Enthusiast and Housing markets we serve. We
believe his experience, industry knowledge, and tremendous skillset
will enable us to continue our trajectory and drive a solid
financial foundation as we continue to deploy capital and
accelerate our growth in these markets. We are excited to welcome
him to the Patrick family."
Prior to joining Patrick, Mr. Roeder served as Chief Financial
Officer of Polaris Boats from 2018 to the present. Prior to his
role at Polaris, Inc. he was the CFO of Bennington Marine from 2016
to 2018, and the Director of Financial Planning & Analysis for
Bennington from 2014 to 2015.
Mr. Roeder began his career with Ernst & Young in 2000 and
during his tenure was promoted to successive roles with greater
responsibility. He received his Bachelor of Science in Finance from
Indiana University and his Master of
Science in Accountancy from the University of Notre
Dame.
Mr. Roeder commented, "I am thrilled to be joining Patrick as I
take the next step in my career and look forward to contributing to
the Company and its leadership team as we strive together to become
the supplier of choice to the Outdoor Enthusiast and Housing
markets. I want to thank the entire Polaris team for their amazing
support over the years and in my continued professional
development, and for allowing me the incredible opportunity to
develop and grow in their wonderful and talented organization. This
is an exciting time to be joining Patrick and given my experience
in public accounting, the marine industry, and public company
management, I'm excited to support the Company's objectives for
profitable organic and strategic growth."
"We want to sincerely thank Matt
Filer who served as our Interim CFO since May 2023 allowing us the opportunity to patiently
search for our permanent CFO, while still driving and delivering on
our strategic plan," continued Mr. Nemeth. "Matt stepped into the
role and performed these additional duties and responsibilities
expertly and professionally, especially in light of the dynamic
conditions and challenges our end markets faced last year. During
his tenure as Interim CFO, Matt was instrumental in leading the
finance function with our team with a focus on operational
improvements and utilization of data insights to drive business
results. Matt will resume his previous role and growth trajectory
as Senior Vice President-Finance in addition to taking on the role
of Corporate Controller, while providing support to Andy as he
begins his new role."
About Patrick Industries, Inc.
Patrick Industries (NASDAQ: PATK) is a leading component
solutions provider for the RV, Marine, Powersports and Housing
markets. Founded in 1959, Patrick is based in Elkhart, Indiana, employing approximately
10,000 team members throughout the United
States.
Forward-Looking Statements
This press release contains certain statements related to future
results, our intentions, beliefs and expectations or predictions
for the future, which are forward-looking statements as that term
is defined in the Private Securities Litigation Reform Act of 1995.
Any projections of financial performance or statements concerning
expectations as to future developments should not be construed in
any manner as a guarantee that such results or developments will,
in fact, occur. There can be no assurance that any forward-looking
statement will be realized or that actual results will not be
significantly different from that set forth in such forward-looking
statement. Information about certain risks that could affect our
business and cause actual results to differ from those expressed or
implied in the forward-looking statements are contained in the
section entitled "Risk Factors" in the Company's Annual Report on
Form 10-K for the year ended December 31,
2023, and in the Company's Forms 10-Q for subsequent
quarterly periods, which are filed with the Securities and Exchange
Commission ("SEC") and are available on the SEC's website at
www.sec.gov. Each forward-looking statement speaks only as of the
date of this press release, and we undertake no obligation to
update any forward-looking statement to reflect events or
circumstances occurring after the date on which it is made.
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SOURCE Patrick Industries, Inc.