Russel Metals Names New Leadership
22 Dezember 2008 - 8:32PM
Marketwired
Russel Metals Inc. (TSX: RUS) - Anthony F. Griffiths, Chair of the
Board of Directors of Russel Metals Inc., announced today that
Brian R. Hedges will succeed Edward M. (Bud) Siegel as President
and Chief Executive Officer, effective May 12, 2009. Mr. Siegel,
who has led Russel Metals since 1997, will retire on that date.
Mr. Hedges joined Russel Metals as Chief Financial Officer in
1994 and is currently Executive Vice President and Chief Operating
Officer.
"Bud and Brian have had an extremely complementary and effective
partnership in the management and operation of the Company for more
than a decade", said Anthony F. Griffiths, Chair of the Board of
the Company. "Brian has played a major role in every important
initiative of the Company over that period, and is uniquely
qualified to assume the CEO role on Bud's retirement".
Mr. Griffiths further commented, "Under Bud Siegel's leadership
Russel Metals has experienced outstanding growth in profitability
and total shareholder return, and has solidified its position as
one of North America's leading metals distribution companies. Bud
has also assembled an outstanding management team, both at the
corporate level and within the Company's many operating units, and
paved the way for a natural and successful management
transition."
Russel Metals is one of the largest metals distribution
companies in North America. It carries on business in three
distribution segments: metals service centers, energy tubular
products and steel distributors, under various names including
Russel Metals, A.J. Forsyth, Acier Leroux, Acier Loubier, Acier
Richler, Arrow Steel Processors, B&T Steel, Baldwin
International, Comco Pipe and Supply, Fedmet Tubulars, JMS Russel
Metals, Leroux Steel, McCabe Steel, Megantic Metal, Metaux Russel,
Metaux Russel Produits Specialises, Milspec Industries, Norton
Metals, Pioneer Pipe, Russel Metals Specialty Products, Russel
Metals Williams Bahcall, Spartan Steel Products, Sunbelt Group,
Triumph Tubular & Supply, Wirth Steel and York-Ennis.
Contacts: Russel Metals Inc. Marion E. Britton, C.A. Vice
President and Chief Financial Officer (905) 819-7407 Email:
info@russelmetals.com Website: www.russelmetals.com
Russel Metals (TSX:RUS)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Russel Metals (TSX:RUS)
Historical Stock Chart
Von Jul 2023 bis Jul 2024