A.M. Castle & Co. Announces Commercial Leadership Transition
OAK BROOK, Ill., Aug. 5, 2011 /PRNewswire/ -- A. M. Castle & Co. (NYSE: CAS), a global distributor of specialty metal and plastic products, value-added services and supply chain solutions, announces today that after thirty-nine years of dedicated service to A. M. Castle & Co., Steve Hooks will be retiring from the company in March 2012.
Steve represents an exemplary level of leadership and commitment to the Castle organization. "Steve has made significant contributions to the company and to the industry over the course of his career and I would like to personally thank him for being such a strong and loyal business partner", said Mike Goldberg, CEO.
Steve will continue in his current capacity until the end of the year. At that time he will be succeeded by Blain Tiffany as President of Castle Metals and Castle Metals Plate. Steve will then work on a special assignment until his retirement at the end of the first quarter 2012.
Effective August 8th, we are pleased to announce that James Callan will succeed Blain as President of Castle Metals Aerospace. James comes to us from Timken where he has spent 21 years in commercial and executive leadership roles most recently in the Aerospace and Defense division.
Blain Tiffany will work closely with James Callan and Steve Hooks on a leadership transition plan for each commercial unit. "Ensuring continuity of leadership is a critical objective of our succession planning efforts and knowing that Steve Hooks is available to collaborate on this important transition is reassuring," Goldberg said.
Both Blain and James will be based in Chicago and will report to Mike Goldberg, CEO.
About A. M. Castle & Co.
Founded in 1890, A. M. Castle & Co. is a global distributor of specialty metal and plastic products, value-added services and supply chain solutions, principally serving the producer durable equipment sector of the economy. Its customer base includes many Fortune 500 companies as well as thousands of medium and smaller-sized firms spread across a variety of industries. Within its metals business, it specializes in the distribution of alloy and stainless steels; nickel alloys; aluminum and carbon. Through its subsidiary, Total Plastics, Inc., the Company also distributes a broad range of value-added industrial plastics. Together, Castle operates over 56 locations throughout North America, Europe and Asia. Its common stock is traded on the New York Stock Exchange under the ticker symbol "CAS".
SOURCE A. M. Castle & Co.
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