Beacon Appoints New CFO - Modern Distribution Management

Beacon Appoints New CFO

Prith Gandhi assumes the position on May 6.
Beacon

Roofing and other building material products distributor Beacon has a new financial leader.

The Herndon, VA-based distributor said April 22 that it has appointed Prithvi (Prith) Gandhi as the company’s Executive Vice President and Chief Financial Officer. He will join Beacon on May 1 and begin his CFO role on or about May 6.

Prithvi Ghandi

Before joining Beacon, Gandhi was VP of Finance and CFO at roofing products manufacturer TAMKO Building Products for the last two years. Prior to that, he was CFO at 3D printing business Fast Radius, following eight years at Owens Corning. 

“Prith’s strong growth orientation, extensive M&A experience and capital markets expertise will strengthen Beacon as we complete Ambition 2025 and continue to grow above the market,” Beacon President and CEO Julian Francis said in a news release. “His proven track record in financial leadership, particularly in the building products industry, will be invaluable as we continually improve service to customers in our two core markets, residential roofing, and commercial roofing.”

Find more details on Gandhi’s career background here.

“It is an honor to join the highly experienced and successful leadership team at Beacon, a company that is recognized as a high-performing innovator in building products distribution,” Gandhi added. “I am excited about the opportunity to work with Julian again following our collaboration at Owens Corning and am eager to drive Beacon’s strategic plan forward to create value for all stakeholders.”

Other April news out of Beacon include its acquisitions of General Siding Supply (Omaha, NE) and waterproofing distributor Smalley & Company (Denver), and the addition of branches in New Brunswick, Canada and near Minneapolis, MN.

Beacon — No. 6 on MDM’s 2023 Top Building Materials/Construction Distributors List — reported record sales ($9.12 billion) in 2023 thanks to contributions of acquired branches and greenfields.

Beacon will report its 2024 first quarter financial results on May 2.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!