Building materials distributor Builders FirstSource announced that its board of directors appointed a former Walmart Global Technology executive and a current Google executive to the company’s board, effective March 1.
Cheryl Ainoa recently retired from Walmart, where she held the position of Chief Technology Officer for Sam’s Club. She joined Walmart in 2020 as Senior Vice President of Core Retail Services and Emerging Technology and was promoted to Executive VP of New Businesses & Emerging Technology in 2023. In this role, she focused on transformative technologies, including generative AI and digital innovations.
Before Walmart, Ainoa served as the COO of D2L, a SaaS company specializing in transformational learning. She also held senior leadership roles at Intuit and Yahoo!, where she led global service engineering teams. BFS said Ainoa brings experience in software product development, engineering, emerging technologies, M&A integrations and P&L management to the board.
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Renz currently holds the position of VP and General Manager at Google. Before this, she was the VP/GM of Commerce (Shopping and Payments), where she led a cross-functional team of over 4,000 people to create innovative experiences for both consumers and merchants.
Before joining Google, Renz was an executive at SoFi, where she helped expand the business across multiple categories and contributed to its intellectual property and federal banking licensing processes. She also spent 20 years at Amazon, becoming the first woman to serve as Technical Advisor to the CEO. During her time there, she championed several eCommerce innovations, including Subscribe & Save and Amazon Prime shipping benefits.
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“Both bring exceptional leadership and deep expertise in e-commerce, technology and digital innovation,” Builders FirstSource Chairman Paul Levy said in a Feb. 19 news release. “Their expertise will be invaluable as we continue to enhance our industry-leading digital tools and drive innovation. With their addition, we are further strengthening our digital leadership and reinforcing our commitment to delivering best-in-class solutions to our customers.”
Irving, TX-based BFS reported its 2024 fourth quarter and full-year financial results on Feb. 20. The company posted 4Q sales of $3.8 billion, down 8.0% year-over-year, and a 4Q net profit of $190 million that fell 45.8% year-over-year. Meanwhile, BFS reported total 2024 sales of $16.4 billion, down 4.1% year-over-year and net profit of $1.1 billion that likewise decreased 30.0% year-over-year.
The company was No. 2 on MDM’s Top Distributor’s List for Building Materials/Construction.
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