Metals Usa (AMEX:MLT)
Historical Stock Chart
From Jun 2019 to Jun 2024
Metals USA Announces Changes in the Flat Rolled Group
HOUSTON, Nov. 18 /PRNewswire-FirstCall/ -- Metals USA, Inc. , a leader in the
metals processing and distribution industry, today announced several changes in
its Flat Rolled Group aimed at streamlining decision making and reducing costs.
Metals USA facilities located in Madison, Illinois and Jeffersonville, Indiana
will combine forces to maximize their penetration of the Southern Illinois,
Southern Indiana, Missouri and Kentucky markets. Similarly, Metals USA
facilities located in the Great Lakes Region will also be coordinating their
efforts to minimize costs and better develop marketing activities.
Further, Metals USA announced that Robert J. McCluskey has resigned as Senior
Vice President of the Company and as President of the Flat Rolled Group
effective November 17, 2003. The General Manager of the Metals USA Springfield,
Ohio facility, Roger Krohn, Jr., has been appointed President of the Flat Rolled
Group. Additionally, Mr. Krohn will retain his current responsibilities at
Springfield.
Lourenco Goncalves, President and CEO of Metals USA, stated: "We thank Bob for
the contributions he has made to the Company as president of the Flat Rolled
Group during this interim period. Roger Krohn has a wealth of experience, and a
demonstrated track record of exceptional performance in a very competitive
environment. By putting Roger in a 'player-coach' position, Metals USA gets the
best of both worlds: continued superior performance in our Springfield facility
and an experienced leader to the Flat Rolled Group team."
Mr. Goncalves continued, "Metals USA has posted improved performance every
quarter this year and is currently operating in a profitable manner. We have
great people working in first class facilities located in the heart of American
manufacturing. Even though we are pleased with what we have already
accomplished, we will not be complacent. We believe we can do even better as we
continue to innovate to maximize our profitability."
Metals USA, Inc. is a leading metals processor and distributor in North America
providing a wide range of products and services in the Carbon Plates and Shapes,
Flat-Rolled Products, and Building Products markets.
This press release contains certain forward-looking statements which involve
known and unknown risks, uncertainties or other factors not under the Company's
control which may cause the actual results, performance or achievement of the
Company to be materially different from the results, performance or other
expectations implied by these forward-looking statements. These factors include,
but are not limited to, those disclosed in the Company's periodic filings with
the Securities and Exchange Commission.
DATASOURCE: Metals USA, Inc.
CONTACT: Terry L. Freeman, Sr. Vice President & CFO of Metals USA, Inc.,
+1-713-965-0990
Web site: http://www.metalsusa.com/