(Dec. 29) Avenel, N.J.-based Bradco Supply has appointed Larry Stoddard as its CEO, succeeding Tom Karol, who continues to serve as executive chairman.

Stoddard served in various executive positions for Wolseley over the past 26 years, most recently serving as chief operations officer. He also held the position of senior VP business development for Wolseley North America from 2005 to 2006 and was senior VP branch operations of Ferguson Enterprises, a Wolseley company, from 2001 until 2005.

“Larry is a highly respected executive in the distribution industry with a proven track record of success and the skills to lead Bradco Supply into the future,” said Karol. "Larry’s appointment is another milestone in a restructuring program that is designed to take full advantage of current opportunities and organize our company for future growth.”

Founded in 1966, Bradco Supply is a distributor of roofing, siding and related exterior building products. The company currently operates more than 131 locations throughout 30 states.