Ampco-Pittsburgh Announces Executive Changes at Union Electric Steel
By Business Wire News
By Business Wire News
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.
Gail Gerono, 1-412-327-9287