Paul Kane Named LMC Senior Vice President of Finance and Technology
Kane steps into role vacated by now President and CEO Paul Ryan
Wayne, PA – September 1, 2021 – LMC has named Paul Kane as senior vice president of finance and technology. Kane steps into the role vacated by Paul Ryan who was promoted to president & CEO upon former president & CEO John Somerville’s retirement at the end of June.
“Paul’s extensive finance and business background makes him an excellent fit for his role at LMC,” said Paul Ryan, LMC president. “We are excited to have him join our outstanding team, and look forward to his contributions that will elevate LMC to even greater heights as an industry leader.”
Kane spent 16 years at Omega Flex Inc., a publicly traded manufacturing company that produces flexible metal hoses in Exton, Penn., with the last 13 as Chief Financial Officer and Treasurer.
Prior to his time at Omega Flex, Kane spent time in senior finance roles at Ernst & Young, Foamex International, and US Vision, and was a finalist for Philadelphia Business Journal’s “CFO of the Year” in 2015. He is a Certified Public Accountant and holds a Bachelor’s of Science in Accounting from West Chester University.
“LMC and its members have withstood the test of time through the spirit of camaraderie, combined market intelligence and competitive prowess to stand atop their industry,” said Kane. “I am thrilled to work with such an exceptional company and talented team. I am ready to roll up my sleeves and as they say “build business together.”
Kane is also deeply immersed within his local community. He has coached various youth sports programs. Most notably, football for 25 years and has served as president, head of football, and fundraising director for the program during his tenure. He joins Sean Tighe, senior vice president of purchasing, to round out the senior executive roles at LMC.
About LMC: LMC (Lumbermens Merchandising Corporation) is the leading Forest Products and Building Materials Buying Group in the USA owned by independent lumber and building material dealers. There are over 1400 LMC dealer locations in the United States and the Bahamas. "Building Business Together" is LMC’s philosophy, rooted in a history of working together and standing the test of time since 1935. LMC dealers are united in their purchasing, creating a strong foundation that supports the growth of unique supplier relationships and purchasing opportunities.
To learn more about LMC, visit www.lmc.net