Industrial Enterprises o... (CE) (USOTC:IEAM)
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Industrial Enterprises of America, Inc. (OTC BB:IEAM.OB), a specialty
automotive aftermarket supplier, today announced that Robert “Dan”
Redmond has been appointed Executive Vice President of Industrial
Enterprises and President of Pitt Penn. Scott Margulis, who served as
President of Pitt Penn on an interim basis, will return to sales and has
been named Executive Vice President of the parent company. Mr. Redmond
comes to Industrial Enterprises with over 25 years of manufacturing and
operating experience, most recently as Vice President of manufacturing
at Chemtura Corporation (NYSE:CEM).
Mr. Redmond will join the company effective April 9, 2007. He has been
with Chemtura Corporation since 2000, where he has managed 12
manufacturing facilities and 1,800 employees. In his roles at Chemtura,
Mr. Redmond was responsible for over $100 million in capital and $350
million in managed conversion cost. He successfully implemented
manufacturing techniques that improved efficiency while developing solid
relations with both suppliers and customers. Prior to his post as Vice
President of manufacturing with Chemtura, he was director of
manufacturing for Bromine and Fluorine products at the company.
“We are extremely pleased to announce Dan’s
addition to Industrial Enterprises,” commented
John Mazzuto, Chief Executive Officer. ”He has
proven experience managing complex industrial operations and
implementing lean manufacturing techniques that have increased
profitability while reducing downtime. His operating expertise makes him
uniquely qualified to take Industrial Enterprises to the next level, as
we continue to increase throughput and focus on expanding margins.”
Mr. Redmond received his Bachelors Degree in Mechanical Engineering at
Christian Brothers University and his Masters in Industrial Systems &
Operations Research from Memphis State University.
About Industrial Enterprises of America
Industrial Enterprises of America, Inc., headquartered in New York, NY,
is an automotive aftermarket supplier that specializes in the sale of
anti-freeze, auto fluids, charcoal fluids, and other additives and
chemicals. The company has distinct proprietary brands that collectively
serve the retail, professional and discount automotive aftermarket
channels.