Continental Building Products Announces Changes to Board of Directors
OREANDA-NEWS. Continental Building Products, Inc. (NYSE:CBPX) (the “Company”), announced that, following the sale by an affiliate of Lone Star Funds of all remaining shares of stock it held in the Company, Messrs. Brad Boggess, Kyle Volluz and Grant Wilbeck, all affiliated with Lone Star Funds, resigned from the Board of Directors on March 18, 2016. The Board of Directors of the Company currently consists of five independent members and the Company’s President and CEO.
The Company further announced that Mr. Ed Bosowski has been elected to serve as Chairman of the Board of Directors, replacing Mr. Boggess in that role, also effective on March 18, 2016. Mr. Bosowski has been a member of the Board of Directors of the Company since February 2014, and has over 30 years of experience in the gypsum wallboard industry.
“We appreciate the service of each of the departing Board Members, who helped in our transition to an independent public company”, said Jay Bachmann, the Company’s President and Chief Executive Officer. “Ed Bosowski’s industry insights and experience will continue to be a valuable resource to Continental as we develop the Company and I look forward to working with him in his new role as Chairman of the Board.”
About Continental Building Products
Continental Building Products is a manufacturer of gypsum wallboard and complementary finishing products. The Company is headquartered in Herndon, Virginia with operations serving the residential, commercial and repair and remodel construction markets in the eastern United States and eastern Canada.
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