Floyd Sherman served as the CEO of Builders FirstSource, Inc. from 2006 until his retirement at the end of 2017. He stepped down as CEO at 78 years old and continued as a non-executive advisor to help transition the leadership....

Floyd Sherman served as the CEO of Builders FirstSource, Inc. from 2006 until his retirement at the end of 2017. He stepped down as CEO at 78 years old and continued as a non-executive advisor to help transition the leadership. Under his leadership, the company saw significant growth, particularly in revenue and profitability metrics, which played a role in determining his bonuses. In 2017, his total compensation was $680,000, including a base salary of $500,000, reflecting a commitment to aligning executive pay with company performance. Sherman's insider trading activity showed strong engagement with the company's stock. Notably, from 2019 to 2021, he was involved in trades ranging from $3.26 million to $7.91 million, indicating confidence in the company's future and a solid financial strategy. Not only did he step down gracefully but also ensured he would remain integrated in the company's future planning by committing to an advisory role until 2019, receiving a $1 million bonus if he stayed until then. The company continues to thrive as Builders FirstSource has established its presence in the building materials sector, thanks in part to Sherman’s earlier strategic decisions.