DIRTT announced today that Kevin O’Meara will join the company as chief executive officer on September 10, 2018. O’Meara also joins the Company’s board of directors.
O’Meara brings to DIRTT his leadership, business acumen and extensive operating experience in the building products industry. His experience includes co-founding and growing Builders FirstSource (NASDAQ: BLDR), a manufacturer and distributor of structural building products, from inception to $2.4 billion in revenue and a successful initial public offering.
“Kevin is an accomplished operating executive with extremely relevant industry experience and knowledge,” stated DIRTT board chair Steve Parry. “Kevin’s appointment was the clear choice of everyone who participated in the extensive search process, including DIRTT’s board and senior management. In addition to his entrepreneurial spirit, Kevin’s experience building customer-focused organizations and success gaining market share align closely with DIRTT’s culture and philosophy. Kevin is keenly focused on driving value for all stakeholders: employees, customers, partners, and shareholders.”
“DIRTT’s innovative technology and world-class teams deliver significant value to its customers,” said O’Meara. “I am excited to join DIRTT and look forward to helping accelerate its growth and financial momentum.”
O’Meara succeeds Michael Goldstein, who joined DIRTT as interim CEO in January 2018. “With the successful completion of his mandate, Michael’s role with DIRTT has concluded,” Parry added. “We thank him for his contribution and wish him well in his future endeavours.”
About Kevin O’Meara
O’Meara, 53, has had a highly successful 30-year business career, including the last 20 years in construction-related industries. Most recently he has been working as an advisor to several blue-chip private equity firms. Prior to working in this capacity, Mr. O’Meara was the President and Chief Executive Officer of Atrium Corporation, North America’s largest vinyl and aluminum window manufacturer. He was also a co-founder of Builders FirstSource, serving as Chief Financial Officer as well as President and Chief Operating Officer. As President and Chief Operating Officer, Mr. O’Meara was responsible for all of Builders’ operations and instrumental in growing the company from inception to $2.4 billion in revenue from a combination of integrating 23 acquired companies as well as organic growth. He was also intimately involved in the company’s initial public offering.
Prior to Builders FirstSource, Mr. O’Meara worked as a strategy consultant at Bain & Company, and a private equity investor at Hicks, Muse, Tate & Furst, and The Sterling Group.
Mr. O’Meara holds a Master of Business Administration from Harvard Business School, a Bachelor of Arts degree in economics and a Bachelor of Business Administration degree from Southern Methodist University and is a Certified Public Accountant.
Forward Looking Information
Except for historical information, this press release contains forward-looking statements, which reflect the Company's current expectation regarding future events. These forward-looking statements involve risks and uncertainties, which may cause actual results to differ materially from those statements. The Company’s success will depend, in part, on its ability to maintain and manage growth effectively. To take advantage of future growth opportunities and manage the growth of the Company’s operations and personnel, DIRTT will need to continue to improve its operational, financial and management controls and reporting systems and procedures. Failure to effectively manage growth could result in difficulty in implementing products or securing customers and Partners; declines in quality or customer satisfaction; increases in costs; and difficulties in introducing new features or other operational difficulties. Any of these difficulties could adversely impact the Company’s business performance and results of operations. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required under the Company's continuous disclosure obligations.
DIRTT is a building process powered by technology. We use our proprietary 3D software to help design, manufacture and install fully-customized interior environments. This same software provides clients with certainty around cost, schedule and the final outcome. With modular components and a streamlined construction process, complete interior spaces are constructed faster, cleaner and more sustainably. The Company works with over 70 partners throughout North America. DIRTT trades on Nasdaq under the symbol “DRTT” and on the Toronto Stock Exchange under the symbol “DRT”.
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