Ampco-Pittsburgh Announces Executive Changes at Union Electric Steel
November 04 2015 - 2:16PM
Business Wire
Ampco-Pittsburgh Corporation (NYSE: AP), today announced that
the Chairman and Chief Executive Officer of its Union Electric
Steel Corporation subsidiary, Robert G. Carothers, will retire,
effective April 30, 2016.
To begin an orderly leadership transition, Rodney L. Scagline,
Executive Vice President of the Company, has been designated to
succeed Mr. Carothers and has been promoted to President of Union
Electric Steel, effective November 1, 2015. Mr. Carothers will
continue to serve as CEO until his retirement next year, at which
time Mr. Scagline will assume full responsibility for Union
Electric Steel, its subsidiaries and joint ventures.
Mr. Carothers’ decision to retire will conclude a remarkable
career of more than 43 years of continuous service to the Company
where he served as the Chief Executive of the Company since January
1998.
“Bob has had an extraordinarily distinguished career, working
tirelessly on behalf of Union Electric Steel’s customers,
employees, and our shareholders. The Company is well positioned for
the future, due in large part to Bob’s vision, his tremendous
leadership skills, and his dedication to excellence. We thank Bob
for his years of service and wish him and his family all the best
as he enters into his retirement,” said John Stanik, Chief
Executive Officer of Ampco-Pittsburgh.
Commented Mr. Carothers, “I’ve been honored and privileged to
lead an incredible team at Union Electric Steel and am extremely
proud of the goals we’ve accomplished and work we have done
together. I am truly excited by the vision that Ampco-Pittsburgh
has for the Corporation’s future and look forward to working with
Rodney and the next generation of leadership as an advisor after my
retirement.”
Joining Union Electric in 2011, Mr. Scagline has more than 25
years of experience in the metals industry, including extensive
roll making and forging industry expertise. A graduate metallurgist
from Carnegie Mellon University, Mr. Scagline holds a Master’s
Degree in Material Science from the University of Pittsburgh, and a
Master’s Degree in Business from Duquesne University.
“While at Union Electric, Rodney has made extremely valuable
contributions to the vision and strategy of our business. He has an
outstanding technical background and knowledge of the industries we
serve. Together, Rodney and I will remain dedicated to providing
leadership and direction to the Company to maintain our position as
one of the world’s leading roll manufacturers and a major producer
of forged engineered products,” said Bob Carothers.
About Ampco-Pittsburgh Corporation
Ampco-Pittsburgh Corporation, through its operating
subsidiaries, is a leading producer of forged and cast rolls
for the worldwide steel and aluminum industries as well as ingot
and open die forged products for the oil and gas, aluminum,
and plastic extrusion industries. It is also a producer of air and
liquid processing equipment, primarily custom-engineered
finned tube heat exchange coils, large custom air handling
systems and centrifugal pumps. Ampco-Pittsburgh Corporation
operates manufacturing facilities in the United States and the
United Kingdom, with sales offices in the United States,
United Kingdom, and Belgium. Corporate headquarters is located
in Pittsburgh, Pennsylvania.
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version on businesswire.com: http://www.businesswire.com/news/home/20151104006540/en/
Ampco-Pittsburgh CorporationGail Gerono, 1-412-327-9287Investor
Relationsggerono@ampcopgh.com
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