Core & Main Inc., a national distributor of water, wastewater, storm drainage, and fire protection products, has initiated a planned leadership transition to strengthen its long-term strategy and operational continuity.
On March 25, 2025, the company announced that Steve LeClair, who has served as CEO since 2017, would transition to the role of executive chair. Mark Witkowski, who joined Core & Main in 2007 and has served as chief financial officer since 2016, was appointed as the new CEO. Robyn Bradbury, who has led investor relations and financial communications since 2009, was named CFO. The leadership changes became effective on March 31, 2025.
Core & Main operates more than 320 branches across the United States, providing essential products like pipes, hydrants, water meters, and stormwater systems to municipalities, utilities, and contractors. The company’s distribution model combines local relationships with a national supply chain, helping communities maintain and improve critical infrastructure.
In fiscal year 2024, Core & Main achieved record net sales of $7.44 billion, an 11.0% increase compared to the previous year. Gross profit rose 8.9% to $1.98 billion, with a gross margin of 26.6%. However, net income decreased 18.3% to $434 million, primarily due to higher borrowing and tax costs.
In the fourth quarter alone, net sales increased 17.9% to $1.70 billion, driven by acquisitions, higher volumes, and contributions from the 53rd selling week. Net income for the fourth quarter was $67 million, a decrease of 11.8% year over year.
LeClair, who joined Core & Main while it was still part of HD Supply, helped lead its transition to an independent company in 2017. He is credited with building both its national platform and a strong internal culture. He will continue to support the company as Executive Chair.
Witkowski, the new CEO, has helped guide the company through its expansion and public offering in 2021. Bradbury, now CFO, played a key role in shaping the company’s communication with investors and the public.
Core & Main plans to stay focused on expanding into new markets, improving their operations, and developing their workforce. The company expects continued demand for its products and services as communities across the country address aging infrastructure and increasing water management challenges.
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