After 22 years, Appelmann leaves Stock

Back in February 2008, Joe Appelmann delivered a memorable quote to a Home Channel News reporter working on a cover story. Appelmann said: “This is the ninth housing market downturn since World War II.” Pause. “There will be a 10th.”

Unfortunately, that 10th downturn has taken its bitter time to fully materialize. Since our 2008 story, Stock Building Supply has entered and exited bankruptcy, changed ownership and, last month, hired a new chief executive.

Appelmann was a 22-year veteran of Stock who held many key posts, including VP finance, senior VP logistics and chief operating officer. He became CEO in 2007 and led the company through a sale to The Gores Group, a Los Ang