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Ascent Industries Appoints John W. "Wes" Johnson as President of Ascent Tubular
OAK BROOK, Ill.--(BUSINESS WIRE)-- Ascent Industries Co. (Nasdaq: ACNT) (“Ascent” or the “Company”), an industrials company focused on the production and
About this update from Ascent Industries Co.
[{"type":"text","content":" OAK BROOK, Ill.--(BUSINESS WIRE)--\nAscent Industries Co. (Nasdaq: ACNT) (“Ascent” or the “Company”), an industrials company focused on the production and distribution of industrial tubular products and specialty chemicals, has appointed John W. (“Wes”) Johnson as president of Ascent Tubular, effective December 4, 2023.\n\n\nMr. Johnson is a results-oriented executive bringing over 20 years of leadership experience across a variety of global industrial-focused companies. Most recently, he served as the senior vice president and global general manager of Corrpro, a subsidiary of Aegion Corporation that offers total corrosion solutions to the energy, Department of Defense, municipal, and marine markets. While at Corrpro, Mr. Johnson led a global organization with 14 locations and three manufacturing and distribution centers. He implemented a turnaround strategy that enhanced Corrpro’s market positioning and overall execution, leading to significantly improved profitability.\n\n\nPrior to Corrpro, Mr. Johnson held senior-level roles at several notable oil and gas companies, including Shawcor, Weatherford International (Nasdaq: WFRD), Energy Alloys, and National Oilwell Varco (NYSE: NOV). During his time with these companies, Mr. Johnson consistently implemented strategies that improved operational acumen, bolstered sales efforts, and grew profitability.\n\n\n“We continue to strengthen our operational leadership at Ascent, bringing onboard another proven executive in Wes to lead our tubular segment,” said Chris Hutter, president and CEO of Ascent. “Wes has valuable experience successfully implementing transformation strategies focused on driving profitability, along with bringing an in-depth understanding of our key end-markets for Ascent Tubular. With new leaders at the helm of our two segments, we firmly believe that we are on the right course to begin driving improved consolidated financial performance across the organization.”\n\n\nMr. Johnson stated: “I’m honored to be leading the Ascent Tubular team as I believe there is ample opportunity to improve the operational effectiveness and overall profitability of the segment. The portfolio of businesses across the tubular segment have strong brand recognition, along with proven competitive and quality advantages across a favorable geographic footprint. I believe there is a solid as...