TUSTIN, Calif.--(BUSINESS WIRE)--Foundation Building Materials, Inc. (“FBM” or the “Company”) (NYSE: FBM), a leading specialty distributor of wallboard, suspended ceiling systems, and mechanical insulation throughout the U.S. and Canada, today announced the election of two new members to its Board of Directors, effective immediately. Both Rafael Colorado and Chad Lewis will join the Company’s Board of Directors effective immediately and will serve as Class I and Class II directors, respectively.
Mr. Colorado is a Director with Hudson Advisors L.P., an affiliate of the Company and its controlling stockholder, Lone Star. Mr. Lewis is a Vice President of Hudson Americas, L.P., an affiliate of the Company and Lone Star.
“Rafael and Chad have extensive knowledge of FBM, which will allow them to make valuable contributions to our Board,” said Chris Meyer, Chairman of the Board of Foundation Building Materials, Inc.
The Company also announced the resignation of Kevin Barner and Grant Wilbeck from its Board of Directors on March 31, 2018.
About Foundation Building Materials
Foundation Building Materials (FBM) is a leading distributor of specialty building products, suspended ceiling systems, and mechanical insulation. With over 220 branch locations and 3,700 employees spanning the U.S., and Canada, FBM serves a wide range of interior construction contractors. To learn more about Foundation Building Materials, visit www.fbmsales.com.