Beacon names new EVP and CFO
Beacon has named Frank A. Lonegro executive vice president and chief financial officer.
He will join Beacon on April 20 and assume his role as CFO on or about May 15, as current CFO Joseph Nowicki transitions his duties.
Prior to joining Beacon, Lonegro was employed by CSX Corporation, a $12 billion Fortune 500 transportation company, where he served for 19 years, culminating as executive vice president and chief financial officer from 2015-2019.
Lonegro earned a bachelor’s degree from Duke University, a law degree from the University of Florida and a master’s degree in business administration from the University of Florida. He will be relocating with his family to the Virginia area.
“I am extremely pleased to welcome Frank to the Beacon team,” said Julian Francis, president and CEO of Beacon. “Frank possesses deep strategic and financial acumen and a unique blend of executive, functional and operational experience that will strengthen Beacon as we enter our next phase of growth and deliver improved operational performance and shareholder value. The breadth of Frank’s logistics knowledge from the transportation industry will be a valuable asset as we optimize Beacon’s 500+ branch service network to best serve our customers.”
Lonegro added: “I am very excited to join Beacon which is recognized as a building products industry leader in growth, innovation and service. I am eager to become part of such an experienced and reputable leadership team as we work together to deliver on the organic growth and margin enhancement strategies that are creating a new trajectory for the company.”
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
