January 13, 2020 Builders FirstSource, Inc. announced that Chad Crow, its President and Chief Executive Officer, has decided to retire after 20 years of service with the company. Mr. Crow will retire during 2020 after assisting the board of directors in hiring his replacement. Mr. Crow has agreed to continue with the company in a consulting capacity for a period of time following the appointment of a new Chief Executive Officer to ensure a seamless transition.

The board of directors has retained a leading global executive search firm to help identify a highly-qualified leader for the CEO position. Given the company's outperformance and future growth prospects, the board is confident that a top-quality executive will be secured to build upon the company's strategic and financial accomplishments.