OAK BROOK, Ill., July 22, 2013 /PRNewswire/ --A. M. Castle & Co. (NYSE: CAS) ("Castle" or the "Company"), a global distributor of specialty metal and plastic products, value-added services and supply chain solutions, today announced the appointment of two executives who will lead the global commercial and operations functions.
Steve Letnich, 45, joined Castle on July 8, 2013, as the Chief Commercial Officer. Prior to joining Castle, Steve served as the Vice President of Sales and Chief Marketing Officer for Central Steel and Wire and previously as the Vice President of Sales for Worthington Steelpac. The Chief Commercial Officer has responsibility for developing the commercial strategy, overseeing the global sales team, leveraging best practices across the commercial organization and executing the commercial go-to-market strategy for the Company.
Ron Knopp, 43, was appointed Vice President of Operations on July 1, 2013, after serving in the interim role since February, 2013. Ron joined Castle in 2009 and has held several operations leadership positions in the Company. As Vice President of Operations, Ron will lead Castle's Operations globally and drive a culture of Continuous Improvement.
"Building a high caliber leadership team is a key component of our plan to drive the Company's performance," said Scott Dolan, President & CEO of Castle. "Steve and Ron bring a wealth of knowledge and experience and will be instrumental in helping the Company achieve its financial goals. We are delighted to have them as part of the team."
Cautionary Statement on Risks Associated with Forward Looking Statements
Information provided and statements contained in this release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended ("Exchange Act"), and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements only speak as of the date of this release and the Company assumes no obligation to update the information included in this release. Such forward-looking statements include information concerning our possible or assumed future results of operations, including descriptions of our business strategy. These statements often include words such as "believe," "expect," "anticipate," "intend," "predict," "plan," or similar expressions. These statements are not guarantees of performance or results, and they involve risks, uncertainties, and assumptions. Although we believe that these forward-looking statements are based on reasonable assumptions, there are many factors that could affect our actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements, including those risk factors identified in Item 1A "Risk Factors" of our Annual Report on Form 10-K for the fiscal year ended December 31, 2012, as amended. All future written and oral forward-looking statements by us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to above. Except for our ongoing obligations to disclose material information as required by the federal securities laws, we do not have any obligations or intention to release publicly any revisions to any forward-looking statements to reflect events or circumstances in the future or to reflect the occurrence of unanticipated events.
About A. M. Castle & Co.
Founded in 1890, A. M. Castle & Co. is a global distributor of specialty metal and plastic products and supply chain services, principally serving the producer durable equipment, oil and gas, commercial aircraft, heavy equipment, industrial goods, construction equipment, retail, marine and automotive sectors of the global economy. Its customer base includes many Fortune 500 companies as well as thousands of medium and smaller-sized firms spread across a variety of industries. Within its metals business, it specializes in the distribution of alloy and stainless steels; nickel alloys; aluminum and carbon. Through its wholly-owned subsidiary, Total Plastics, Inc., Castle also distributes a broad range of value-added industrial plastics. Together, Castle and its affiliated companies operate out of more than 50 locations throughout North America, Europe and Asia. Its common stock is traded on the New York Stock Exchange under the ticker symbol "CAS".
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-AT THE COMPANY- | -AT ALPHA IR- |
Scott Stephens | Analyst Contact: |
Vice President-Finance & CFO | Monica Gupta |
(847) 349-2577 | (312) 485-2870 |
Email: sstephens@amcastle.com | Email: monica.gupta@alpha-ir.com |
Traded:NYSE (CAS) | |
Member: S&P SmallCap 600 Index |
SOURCEA. M. Castle & Co.
