LMC Chairman of the Board Announces John Somerville’s Retirement

To all my fellow LMC Dealers,

It is with regret but best wishes that I am announcing that John Somerville, LMC President & CEO has elected to retire in June, 2021, after 11 years of service. A veteran company and industry leader, John Somerville joined LMC in 2009 after a long career with the Dow Chemical Company, holding several positions including Sales Vice President-Building Materials North America. He is also a former board member for the National Lumber and Building Material Dealers Association, where he remains an active member today. In total, John has over forty years of experience in the building and construction industry.

John Somerville said, “The Company’s financial and operational performance has been very strong over the past several years, and I am honored to have contributed to that success. Given my love for the Company and the strong working relationship with the Board and our extraordinary management team, it was a very difficult decision to retire. However, I have decided that it’s time for me to spend more time with my family and on other personal interests. Until my replacement is secured, it is my intention to ensure that our team builds on our success as we move through 2021.”

Today, LMC is firing on all cylinders and is doing so in no small part due to John’s superb efforts over the past decade. While we are disappointed to see John leave, we thank him for his years of leadership and dedication, and for the exceptional results during his years of service. John leaves in place a strong management team that will continue to execute our ongoing strategic initiatives that will support our long-term objectives.

A search committee has been formed and will retain a leading global executive search firm to help identify highly qualified leaders including some internal LMC candidates for this position. Given the Company’s outperformance and reputation, the Board is confident that a top-quality executive will be secured to build upon the Company’s strategic and financial accomplishments.

Please join me in wishing John only the best in his retirement.

Sincerely,
Charlie Kreyer
LMC Chairman of the Board

Charlie Kreyer