Beacon Roofing Supply, Inc. announced departure of director. Mr. Nathan Sleeper, CD&R?s chief executive officer and one of CD&R?s designated representatives to the company?s board of directors (the board), consistent with the requirements of Section 4.10 of that certain Investment Agreement, dated as of August 24, 2017 (the Investment Agreement), by and among the Company, CD&R Boulder Holdings, L.P. (CD&R Holdings) and Clayton, Dubilier & Rice Fund IX, L.P. (filed as Exhibit 10.1 to the company?s Current Report on Form 8-K filed with the Securities and Exchange commission on August 24, 2017), and upon completion of the Repurchase as described in Item 8.01 of this Current Report, submitted an offer of his resignation from the board on July 31, 2023. The Board determined to accept Mr. Sleeper?s offer of resignation and such resignation is effective as of the Closing Date.

Mr. Philip Knisely, an Operating Partner of CD&R and CD&R?s second designated Board representative, consistent with the requirements of Section 4.10 of the Investment Agreement and upon completion of the Repurchase, submitted an offer to resign from the Board on July 31, 2023. The Board rejected Mr. Knisely?s offer of resignation and Mr. Knisely was asked to continue serving as a member of the Board. Mr. Knisely accepted such offer.

Upon completion of the Repurchase and as agreed between Mr. Knisely and the Board, Mr. Knisely stepped down as the non-executive Chairman of the Board but will continue to serve as a member of the Board. The Board has appointed Mr. Stuart Randle, currently the Company?s lead independent director, to succeed Mr. Knisely as the company?s non-executive chairman, effective as of August 1, 2023.