Mr. Stegeman has over 35 years of experience in the industrial distribution sector. For the past 13 years, he has served as CEO of White Cap (formerly known as HD Supply’s Construction & Industrial business), a distributor of specialty construction supplies and safety products for professional contractors, and a CD&R Fund XI portfolio company. In that time, White Cap grew from under $1 billion to over $6 billion in revenue and transitioned from a subsidiary of HD Supply to a high-performing, standalone company. Mr. Stegeman is an Operating Advisor to CD&R Funds and recently retired as the CEO of White Cap effective January 28, 2024. He will continue to serve on White Cap’s board of directors. Prior to leading White Cap, Mr. Stegeman was President and CEO of Ferguson Enterprises, where he began his career. Mr. Stegeman has a B.S. from Virginia Tech and has attended advanced management programs at The Wharton School of Business, Institute of Management Development, Duke University’s Fuqua School of Business, the University of Virginia Darden School of Business and Columbia University.