A. M. Castle & Co. Announces Promotion of Lawrence A. Boik
20 September 2004 - 11:03PM
PR Newswire (US)
A. M. Castle & Co. Announces Promotion of Lawrence A. Boik
FRANKLIN PARK, Ill., Sept. 20 /PRNewswire-FirstCall/ -- The Board
of Directors of A. M. Castle & Co. (AMEX:CAS), a North American
distributor of highly engineered metals and plastics, today
announced the promotion of Lawrence A. Boik to the position of Vice
President of Finance, Chief Financial Officer (CFO) and Treasurer.
Mr. Boik will be replacing Edward F. Culliton who has been in the
position for the past 27 years. This change will be effective
October 1, 2004. Mr. Culliton will be retiring in February 2005 and
will be serving in the capacity of Vice President and Special
Assistant to the CEO until his retirement. In making the
announcement, G. Thomas McKane, Chairman & CEO, stated that
this succession represents the completion of a planned
restructuring of the finance and accounting responsibilities at the
Company which was initiated in 2003 with the hiring of Mr. Boik as
Vice President, Controller & Treasurer. Mr. Boik was previously
the Vice President of Finance and CFO of Meridian Rail Corporation
prior to joining Castle. Mr. Boik will report to McKane, and will
have overall financial responsibility for the primary business,
Castle Metals, as well as subsidiaries including Total Plastics,
Inc., Castle de Mexico, Metal Express, LLC, Oliver Steel Plate Co.
and the joint venture, Kreher Steel, LLC. Founded in 1890, A. M.
Castle & Co. provides highly engineered materials and value
added services to a wide range of companies within 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 wide spectrum of industries.
Within its core metals business, it specializes in the distribution
of carbon, alloy and stainless steels; nickel alloy; aluminum;
copper and brass. Through its subsidiary, Total Plastics, Inc., the
Company also distributes a broad range of value-added industrial
plastics. Together, Castle operates over 60 locations throughout
North America. Its common stock is traded on the American and
Chicago Stock Exchange under the ticker symbol "CAS". DATASOURCE:
A. M. Castle & Co. CONTACT: G. Thomas McKane, Chairman,
President & CEO of A.M. Castle & Co., +1-847-349-2502, ; or
Analysts, John McNamara, +1-212-445-8435, , or General, George
Zagoudis, +1-312-640-6663, , both of Financial Relations Board
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