Earle M Jorgensen (NYSE:JOR)
Historical Stock Chart
From Jan 2020 to Jan 2025
Earle M. Jorgensen Company (NYSE:JOR) announced today
that, in accordance with its senior management succession plan, R Neil
McCaffery, 56, Executive Vice President has been elected President and
Chief Operating Officer of the Company effective immediately. Maurice
S. Nelson, Jr., 68, formerly Chief Executive Officer, President and
Chief Operating Officer, will remain as Chief Executive Officer of the
Company.
"This announcement marks a very deliberate step in the Company's
succession plan that the Board and I have been working on for some
time. Our Company has a very solid management structure of
long-serving individuals, and Neil is no exception, having been with
the Company for more than 35 years rising through increasing levels of
responsibility across a number of our operations. Neil and I have
worked together throughout my nine year tenure at the Company and no
one is better prepared or more capable of assuming the roles of
President and COO," said Mr. Nelson.
Further management changes forming part of the overall succession
plan were also announced. Also, immediately effective, James D.
Hoffman, currently Vice President, is promoted to Executive Vice
President; Darrell Steiner, currently District Manager for Kansas
City, MO and the Quad Cities, IA will assume responsibility for our
St. Louis operations; Mr. Edward King, currently District Manager for
St. Louis, MO becomes District Manager for Cleveland, OH including the
Company's plate operations and its Rochester, NY satellite; and
Stephen Ghoens, currently District Manager of the Company's operation
in Philadelphia, PA will assume the additional responsibility of
District Manager for the Company's operation in Boston, MA.
About Earle M. Jorgensen Company
Earle M. Jorgensen Company is one of the largest distributors of
metal products in North America with 39 service and processing
centers. The Company inventories more than 25,000 different bar,
tubing, plate, and various other metal products, specializing in cold
finished carbon and alloy bars, mechanical tubing, stainless bars and
shapes, aluminum bars, shapes and tubes, and hot-rolled carbon and
alloy bars.
Forward-Looking Statements
Any forward-looking statements, as defined by the Private
Securities Litigation Reform Act of 1995, contained in this press
release are subject to risks, uncertainties and other factors, such as
the cyclicality of the metals industry and the industries that
purchase our products, fluctuations in metals prices, risks associated
with the implementation of new technology, general economic
conditions, competition in the metals service center industry and our
ability to satisfy our "on-time or free" delivery guarantee. Actual
events or results may differ materially from expectations due to these
risks, uncertainties and other factors. These factors and additional
information are included in Earle M. Jorgensen Company's filings with
the Securities and Exchange Commission. In particular, we refer you to
Earle M. Jorgensen Company's Annual Report on Form 10-K for the fiscal
year ended March 31, 2005, filed with the Securities and Exchange
Commission on June 29, 2005. You should be aware that we do not plan
to update these forward-looking statements, whether as a result of new
information, future events, or otherwise unless required by law.
JORG