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BlueLinx Appoints Stephen Macadam Chief Executive Officer; Chuck McElrea Retires; Remains on Board of Directors.


ATLANTA -- BlueLinx Holdings BlueLinx Holdings NYSE: BXC is a Fortune 1000 company based in Atlanta, Georgia. It is the largest building products wholesaler in the country. External links
  • Company website
 Inc. (NYSE NYSE

See: New York Stock Exchange
: BXC BXC Band Cross-Connect ), a leading distributor of building products in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , today announced that its board of directors has named Stephen E. Macadam macadam

Form of pavement invented by John McAdam. McAdam's road cross-section consisted of a compacted subgrade of crushed granite or greenstone designed to support the load, covered by a surface of light stone to absorb wear and tear and shed water to the drainage ditches.
, 45, chief executive officer, succeeding Chuck McElrea, who will retire effective immediately to devote his time to not-for-profit, public policy interests. Mr. McElrea will continue to serve as a board member and an advisor to the company.

Mr. Macadam brings extensive forest products and packaging industry experience to BlueLinx. Since 2001, he has served as president and chief executive officer of Consolidated Container Company LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, one of the nation's leading producers of rigid plastic packaging products, and previously held executive positions at Georgia-Pacific Corporation, most recently as executive vice president, pulp & paperboard. While at Georgia-Pacific, Mr. Macadam also was responsible for a dramatic expansion of the containerboard & packaging division's operating profits resulting from an aggressive productivity improvement program. Since June 2004, Mr. Macadam has served as a BlueLinx director.

"Steve is the perfect choice to succeed Chuck McElrea as BlueLinx chief executive officer," said Jeff Fenton, chairman of the board. "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 behalf of the BlueLinx board of directors, I would like to thank Chuck for his inspirational leadership while guiding the company's transformation from a division of Georgia-Pacific to an independent, publicly-held company," added Mr. Fenton. "As the architect of the BlueLinx model for creating value in the building products supply chain by extracting costs out of the distribution network and delivering supply chain management solutions to customers, Chuck has positioned BlueLinx for profitable growth and market share gains over time. He leaves a culture of integrity and passion for continuous improvement that has been instilled throughout the organization. We appreciate Chuck's ongoing contribution to the company."

Mr. McElrea said, "I am confident that Steve will lead BlueLinx to continue to grow its market share, expand its specialty products business and enhance its operational excellence. I am proud to have led a best-in-class team of executives and employees who have transformed the company into a leading provider of logistics solutions in the building products industry."

As a member of the BlueLinx board of directors, Mr. Macadam assumes the chief executive officer role with a solid understanding of BlueLinx' value proposition and the company's operations, business model, financial performance and strategic growth plans. "BlueLinx is a dynamic company that stands at the forefront of exciting opportunities to transform building products distribution while continuing to deliver market share gains and increasing returns on net assets Net assets

The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand.


net assets

See owners' equity.
," Macadam said. "The company has a great team in place, talented and dedicated employees and a terrific future ahead. I am thrilled to join this exceptional organization."

Chuck McElrea

Mr. McElrea has served as the company's chief executive officer and as a member of the board of directors since May 2004 when BlueLinx Corporation, the company's wholly-owned subsidiary, acquired the operating assets Operating Assets

Another term for working capital.
 of the building products distribution division of Georgia-Pacific Corporation. Prior to that, he worked at Georgia-Pacific for 26 years, most recently as president of the distribution division for four years. During his tenure at Georgia-Pacific, Mr. McElrea held several senior management positions in logistics, business planning, manufacturing and finance/accounting.

Stephen Macadam

Mr. Macadam currently sits on the BlueLinx board of directors, and until his appointment as chief executive officer was chairman of the compensation committee and a member of the audit committee. Since August 2001, he has served as president and chief executive officer of Consolidated Container Company LLC. Prior to that, he held executive positions at Georgia-Pacific Corporation, most recently as executive vice president, pulp & paperboard from July 2000 until August 2001, and senior vice president, containerboard & packaging from March 1998 until July 2000. Mr. Macadam held positions of increasing responsibility with McKinsey and Company, Inc. from 1988 until 1998, culminating in the role of principal in charge of McKinsey's Charlotte, North Carolina “Charlotte” redirects here. For other uses, see Charlotte (disambiguation).
Charlotte is the largest city in the state of North Carolina and the 20th largest city in the United States.
 operation. At McKinsey, Mr. Macadam served on the Leadership team of the North American Operations North American operation Surgical oncology Radical surgery of a 'frozen pelvis', consisting of radical en bloc resection of the uterus and urinary bladder. See 'Frozen pelvis.'. Cf 'All-American' and 'South American' operations.  practice and served clients in diverse industries, particularly pulp & paper. From 1982 to 1986, he was an Engineering Manager at E.I. DuPont de Nemours. Mr. Macadam received a B.S. in mechanical engineering from the University of Kentucky Coordinates:  The University of Kentucky, also referred to as UK, is a public, co-educational university located in Lexington, Kentucky. , an M.S. in finance from Boston College Boston College, main campus at Chestnut Hill, Mass.; coeducational; Jesuit; est. and opened 1863. Actually a university, the school's Chestnut Hill campus comprises colleges of arts and sciences and business administration, the graduate school, and schools of nursing  and a masters of business administration from Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. , where he was a Baker Scholar.

About BlueLinx Holdings Inc.

Headquartered in Atlanta, Georgia, BlueLinx Holdings Inc., operating through its wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 BlueLinx Corporation, is a leading distributor of building products in North America. Employing more than 3,400 people in North America, BlueLinx offers 10,000 products from over 750 suppliers to service more than 11,700 customers nationwide, including dealers, industrial manufacturers, manufactured housing Manufactured housing (also known as prefab housing) is a type of housing unit that is largely assembled in factories and then transported to sites of use.

In the United States, the term "manufactured home" specifically refers to a house built entirely in a protected
 producers and home improvement retailers. The Company operates its distribution business from sales centers in Atlanta and Denver, and its network of more than 60 warehouses. Additional information about BlueLinx can be found on its web site at www.BlueLinxCo.com.
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Publication:Business Wire
Geographic Code:1USA
Date:Oct 20, 2005
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