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CLEVELAND LESCO, Inc.s Board of Directors announced that Michael P. DiMino has been promoted to President and Chief Executive Officer and will assume all operational and strategic decision making functions of the Company while J. Martin Erbaugh has been elected as Chairman of the Board of Directors.
These announcements were made following the decision by the Companys previous Chairman and CEO, William A. Foley, to resign his position.
By accepting Mr. Foleys resignation and naming Michael P. DiMino to the position of President and Chief Executive Officer, the Board of Directors
took the necessary step to solidify the management of the Company, stated Mr. Erbaugh the Companys new chairman. The Board of Directors and the management team of LESCO are committed to improving the financial performance that our shareholders expect following a difficult and disappointing 2001.
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