Elkhart-based Patrick Industries Inc. (Nasdaq: PATK) has appointed Jake Petkovich executive vice president of finance, chief financial officer, and treasurer. Petkovich succeeds John Forbes, a member of Patrick’s board of directors, who has served as interim CFO since June.
Previously, Petkovich served as managing director in the Leveraged Finance Group of Wells Fargo Securities where he was responsible for leading, underwriting, structuring and arranging financing solutions.
“Jake brings a wealth of financial, strategic and M&A experience, and I am confident he will provide the leadership necessary to continue to help us drive and execute on our strategic growth plan and create and promote shareholder value,” said Chief Executive Officer Andy Nemeth. “Jake joins the Company from Wells Fargo Securities, where his deep expertise in investment banking, capital markets, and leveraged finance brings synergy, talent, and additional depth to our team.”
Patrick says Petkovich’s appointment is effective immediately. Forbes will remain in his role as a director and will work with the company to support the transition over the next 60 days.