According to insideindianabusiness, Joshua Boone, who served as Director of Corporate Finance, will assume the role of Chief Financial Officer. Todd Cleveland will continue in his role as CEO.
Cleveland, noting that revenues have grown from over $200 million in 2009 to $1 billion said, “The Company has experienced tremendous growth over the past several years, and Andy has provided exceptional financial, strategic, and organizational leadership during his tenure with Patrick. He has a proven record of accomplishment working side by side with Jeff Rodino, our Chief Operating Officer, and the Patrick team in helping drive the execution of our strategic vision and our organizational strategic agenda.”
Based in Elkhart, Indiana, Patrick has operations in 11 states.
Meanwhile, MHProNews has learned from financialmagazin, in yet another insider trading transaction, Tontine Capital Partners L P sold 78,959 shares of Patrick at $40.7 per share for a net of $3,213,830. MHProNews reported Nov. 18, 2015, Tontine Capital last sold 60,000 shares of Patrick for $2.67 million.
In trading on Dec. 11, Patrick was unchanged at $40.50. ##
(Photo credit: insideindianabusiness)
