White Cap, distributor of specialty construction supplies and safety products for professional contractors, has announced that John Stegeman has decided to retire from his position as CEO of White Cap effective Jan. 28, 2024.
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As part of the multiyear succession plan, the White Cap board of directors has approved the promotion of Alan Sollenberger, president of White Cap, to CEO effective Jan. 29, 2024.
Stegeman will continue to serve on White Cap’s board of directors, and Sollenberger will join White Cap’s board of directors.
Stegeman and Sollenberger have partnered on White Cap company strategy and business decisions following Sollenberger’s appointments to CFO of White Cap in 2010 and president in 2020. During their partnership, White Cap has grown from a multi-regional distributor with less than $1 billion in revenue to more than $6 billion in revenue.
During Stegeman’s tenure, White Cap achieved the successful transition to an independent, privately-owned company in 2020; the publication of its inaugural Sustainability Report; more than a decade of fundraising for its nonprofit partner St. Jude Children’s Research Hospital; recognition as a top workplace by the Atlanta Journal-Constitution and FORTUNE Magazine; and the establishment of an innovative approach to learning and development through its Career Development and Accelerated Sales Programs.
“The last 14 years spent serving our associates and customers at White Cap has been the highlight of my professional career,” said Stegeman. “Working alongside Alan and our incredible leadership team to build an organization that brought together more than 9,500 knowledgeable associates across more than 450 locations in the U.S. and Canada in service to our customers, is more than I could have imagined when this journey first began. I have the utmost confidence in White Cap’s bright future under Alan’s leadership as he builds upon our shared vision. I look forward to supporting that future through my continued role on our board of directors.”
Sollenberger has 17 years’ combined experience at The Home Depot, HD Supply and White Cap.
As part of the transition, Page Naftel, Chief Sales Officer of White Cap, has been promoted to Chief Commercial Officer (CCO) of White Cap, reporting to Sollenberger.
Read more: Ian Heller provides a personal perspective on John Stegeman’s retirement.
