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Russel Metals Announces Chief Executive Officer Succession
Russel Metals Announces Chief Executive Officer Succession Canada NewsWire TORON...
About this update from Russel Metals Inc.
[{"type":"text","content":"\n\n\n\nRussel Metals Announces Chief Executive Officer Succession\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Nov. 8, 2017\n\n\n\nTORONTO, Nov. 8, 2017 /CNW/ - Russel Metals Inc. (RUS - TSX) announces that John G. Reid will succeed Brian R. Hedges as Chief Executive Officer, effective May 2, 2018.  Mr. Hedges who joined Russel Metals as Chief Financial Officer in 1994, and has led the company as Chief Executive Officer since 2009, will retire on that date.\n\nMr. Reid began his career with JMS Metals Services in 1991 and was promoted to President of JMS in 1994.  Russel Metals acquired JMS in 2007 and since then Mr. Reid has grown in the organization, taking on additional responsibilities as Vice President, Service Center Operations in 2009, Chief Operating Officer in 2013 and President in 2016.\n\nRussel Board Chair Jim Dinning commented, \"The Board has been working with Brian and John to carefully plan this succession for several years.  John Reid has an impressive track record with 26 years of industry experience as an entrepreneur, a manager and a leader.  John has partnered with Brian Hedges in all key initiatives over the past ten years, and we believe John is uniquely qualified to assume the CEO responsibilities as we advance the growth of our business and support the Russel culture that has made our company the industry leading performer.\"\n\nMr. Dinning further commented, \"On behalf of the Board of Directors, I want to express our heartfelt thanks and appreciation for Brian's 23 years of remarkable leadership at Russel Metals.  Under Brian's stewardship, Russel has operated successfully in a highly cyclical industry and has increased the company's intrinsic value through disciplined acquisitions and investments.  In his straightforward, 'no-nonsense' manner, Brian assembled, mentored and led a talented management team, both at the corporate and unit levels. They will continue to serve shareholders well into the future.\"  \n\nMr. Dinning concluded, \"With John Reid's full support, the Bo...