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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