Business
Synalloy Appoints Tim Lynch as Executive Vice President of Synalloy Metals
- Proven Leader Brings 20+ Years of Experience Driving Operational Excellence and Supply Chain Optimization - RICHMOND, Va.--(BUSINESS WIRE)-- Synalloy
About this update from Ascent Industries Co.
[{"type":"text","content":"\n- Proven Leader Brings 20+ Years of Experience Driving Operational Excellence and Supply Chain Optimization -\n\n RICHMOND, Va.--(BUSINESS WIRE)--\nSynalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”), an industrials company focused on the production and distribution of piping, tubing and specialty chemicals, has appointed Tim Lynch as executive vice president to lead the Company’s metals segment, effective today. With this appointment, all of Synalloy’s metals subsidiaries will report directly to Lynch.\n\nLynch brings Synalloy over 20 years of leadership experience in the steel industry, with expertise in driving operational efficiencies, optimizing supply chains and enhancing organizational structures. He most recently held senior positions at the Americas division of Outokumpu, a global leader in the stainless steel market. While at Outokumpu, he was responsible for leading the successful supply chain reorganization for its North American operations to drive significant improvements in product cost and net working capital while managing the most modern stainless steel assets in North America.\n\nPrior to Outokumpu, Lynch served as vice president of operations, optimization, procurement and special projects at TMS International, an industry leader in outsourced mill services for global steelmakers. Lynch also served in various management positions at US Steel Corporation, a leading publicly-traded steel producer and Fortune 250 company.\n\n“Tim is a proven leader in the steel industry and his appointment marks an important step forward as we look to continue improving profitability and return to growth,” said Chris Hutter, interim president and CEO of Synalloy. “Tim brings a wealth of knowledge in stainless and tubular steel operations, and his unwavering will to win as well as his long-track record of stewardship for leading steel brands align with our culture of respect, accountability and service to all stakeholders. We believe his expertise will deliver immediate improvements in operational execution and drive meaningful procurement efficiencies within our metals segment, and we look forward to having him lead this important part of our business.”\n\nCommenting on his appointment, Lynch stated: “I’m incredibly pleased to be joining Synalloy at this pivotal time as the Company begins to execute its growth st...