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Cameron Ashley Building Products, Inc. announces expansion of Board of Directors; Election of new members.

DALLAS, Texas--(BUSINESS WIRE)--August 21, 1996--Cameron Ashley Building Products, Inc. (Nasdaq:CABP) today announced that its Board of Directors approved a resolution to increase the number of Board members from nine to ten. The Board of Directors then approved the election of Allen J. Keesler, Jr. and Edwin A. Wahlen, Jr. as the new members.

The appointment of Edwin A. Wahlen, Jr., replaces the vacant Board seat resulting from the resignation of William S. Green, who stepped down from the Board on July 9th, 1996. Messrs. Wahlen and Green are both members of senior management with CGW Southeast Partners, the private equity investment firm that established the Company together with management in 1991.

Allen J. Keesler, Jr. retired as President and Chief Executive Officer of Florida Power Corporation (NYSE:FPL) in April, 1996. Prior to retiring, he was with Florida Power Corporation for 33 years. Mr. Keesler currently serves on the Board of Directors of SouthTrust Corporation (Nasdaq:SOTR), based in Birmingham, Alabama. He was previously involved with a number of regional and national organizations affiliated with the power generation industry, as well as the Florida Chamber of Commerce, the Florida Real Estate Journal, the United Way, the American Red Cross, and Junior Achievement.

Edwin A. Wahlen, Jr. is a Managing Partner with CGW Southeast Partners, and has been with CGW since 1985. Mr. Wahlen is a Director of Amresco, Inc. (Nasdaq:AMMB), and several private companies.

Ronald R. Ross, Chairman of Cameron Ashley Building Products, commented: "The Board's decision to expand its capacity will allow our Company to draw upon the advice of a more diverse group of individuals each bringing an informed perspective to assist with the development and strategic direction of Cameron Ashley. We look forward to the contributions of Mr. Keesler and Mr. Wahlen as we continually seek to improve our Company."

Cameron Ashley Building Products, Inc., headquartered in Dallas, Texas, distributes a broad line of building products to independent building material dealers, professional builders, contractors and mass merchandisers through a network of 106 branches throughout the United States. Product lines include roofing, millwork, pool and patio enclosure materials, insulation, siding, steel, ceiling products, industrial metals and a variety of other building materials.

CONTACT: Cameron Ashley Building Products, Inc.

Dixon McElwee

Vice President and Chief Financial Officer

(214) 860-5100

or

Morgen-Walke Associates

June Filingeri/Robert Weiner

(212) 850-5600

Ken Pieper (214) 663-9390

Media Contact: Stan Froelich

212-850-5600
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Publication:Business Wire
Date:Aug 21, 1996
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