CNM

Core & Main Announces Executive Leadership Changes

Core & Main Inc. has announced changes to its executive leadership team, with Jack Schaller transitioning to a role as executive vice president. Brad Cowles, the current president, will be expanding his role to lead the waterworks product line, previously led by Schaller. Additionally, Mike Huebert will join the company as president, overseeing the fire protection product line and certain other high-growth product lines.

Under Schaller's leadership, the company has seen strong performance, and he has committed to ensuring ongoing success and growth during the transition. Cowles, with over 18 years of leadership experience in the organization, will take on expanded responsibilities, including leading the waterworks product line and several growth and margin initiatives.

Mike Huebert, the incoming president, brings a wealth of experience from his role as executive vice president of sales at Advanced Drainage Systems (NYSE: WMS). He has managed business development, commercial operations, and driven sales and operational performance for one of Core & Main's top suppliers.

The company's chair and CEO, Steve Leclair, expressed excitement about adding Mike Huebert to the team, stating that this strategic evolution of the executive leadership team aligns their collective strengths and opens new opportunities for profitable growth.

Core & Main, based in St. Louis, is a leading specialized distributor focused on water, wastewater, storm drainage, and fire protection products and related services. The company provides solutions to municipalities, private water companies, and professional contractors across municipal, non-residential, and residential end markets nationwide, with over 350 locations across the U.S. and nearly 5,500 associates committed to advancing reliable infrastructure.

It's clear from these changes that Core & Main is positioning itself for continued success and growth in its key product lines. Today the company's shares have moved 2.9% to a price of $49.73. Check out the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

IN FOCUS