Patrick Industries, Inc. said Jake Petkovich, company executive vice president of finance, chief financial officer (CFO) and treasurer, will step down in May to accept a senior leadership position with another company.
Petkovich has served as CFO of Patrick since November 2020. He will remain in his current position until that time and provide support to ensure an orderly transition.
“The Board of Directors and I want to thank Jake for his tremendous contributions to the Patrick family,” CEO Andy Nemeth said. “His dedication, leadership and financial acumen made a significant and lasting impact on the entire organization. During his time at Patrick, Jake was instrumental in further strengthening our finance and accounting infrastructure, driving efficiencies through process improvement, supporting our capital allocation strategy, and developing and leading a strong and talented team aligned with our overall strategic growth plan.”
Petkovich said he was grateful for the opportunities at Patrick Industries.
“It was a privilege to work with such a talented team, and to be a part of this organization’s ongoing growth and evolution in the markets it serves,” Petkovich said. “As I look forward to the next chapter of my career, I believe that Patrick is well-positioned to execute on its business strategies.”
Patrick’s board appointed Matthew Filer as interim CFO, effective upon Petkovich’s departure in May.
Filerjoined Patrick in November 2022 as the senior vice president of finance. Prior to joining Patrick, he built a 25-year career across multiple industries (domestic and global), including rail, mining, defense and industrial.
In 2007, Filer joined Caterpillar Inc. and served in a series of progressive leadership roles which culminated in his appointment as CFO for divisions within Caterpillar’s Resource Industries segment.
Patrick Industries said the company will initiate a formal search process, including internal and external candidates, for the permanent CFO role.
