Patrick Industries has appointed Jake Petkovich as executive vice president of finance, chief financial officer and treasurer of the company, effective immediately.
“After a thoughtful and diligent search for a candidate whose values, energy, passion, talent, and expertise align with Patrick’s core values and business needs, we are very excited to welcome Jake on board to lead the company’s finance function, as well as manage relationships with our financial institutions, shareholders, analysts and other key stakeholders,” said Andy Nemeth, Patrick’s president and CEO. “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. 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.”
Added Petkovich commented, “I am both excited and humbled to be joining the Patrick family and look forward to working with the entire team to further enhance the company’s financial and operational performance, play a key role in driving the execution of Patrick’s strategic growth initiatives, and maximize growth and potential for all of our stakeholders.”
Prior to joining Patrick, Petkovich served as managing director in the Leveraged Finance Group of Wells Fargo Securities and predecessor Wachovia Securities from 2004- 2020, performing in various senior leadership roles responsible for leading, underwriting, structuring and arranging financing solutions to support issuers’ access to the capital markets for acquisition financings, recapitalizations, refinancings and restructurings. Prior to his banking and finance career, Petkovich served as an infantry officer in the United States Army from 1995-2002, leading soldiers in both domestic and overseas deployment assignments.