COLUMBUS, Ohio--(BUSINESS WIRE)--Worthington Industries' (NYSE:WOR) Chairman and CEO John P.
McConnell today announced the appointment of George P. Stoe, as
president. Stoe will continue to serve as chief operating officer
(COO) of the company.
"I am pleased to name George president, as we have grown to rely
on his experience and leadership in the organization," McConnell said.
"He has a deep understanding of all our businesses and his day-to-day
involvement has strengthened our management team. He joins me in being
committed to driving the business forward through our transformational
efforts and positioning the company for sustainable earnings growth
beyond the present day challenges."
Stoe, 62, executive vice president and COO since December of 2005,
joined Worthington in January of 2003 as president of the company's
pressure cylinders business segment. He started his career in the
aluminum industry and served in a variety of sales, manufacturing and
executive roles with Howmet Aluminum and Alumax, Inc. In 1997, Stoe
was named chief operating officer of Wise Metals Group and president
of Wise Alloys, a large aluminum rolling mill complex in Northwest
Alabama. He became president of Zinc Corporation of America in 2000.
Worthington Industries is a leading diversified metal processing
company with annual sales of approximately $3 billion. The Columbus,
Ohio, based company is North America's premier value-added steel
processor and a leader in manufactured metal products such as metal
framing, metal ceiling grid systems, pressure cylinders, automotive
past model service stampings and laser welded blanks. Worthington
Industries and its subsidiaries employ more than 8,000 people and
operate 69 facilities in 11 countries.
Founded in 1955, the company operates under a long-standing
corporate philosophy rooted in the golden rule, with earning money for
its shareholders as the first corporate goal. This philosophy, an
unwavering commitment to the customer, and one of the strongest
employee/employer partnerships in American industry serve as the
company's foundation.
Safe Harbor Statement
The company wishes to take advantage of the Safe Harbor provisions
included in the Private Securities Litigation Reform Act of 1995 ("the
Act"). Statements by the company, which are not historical
information, constitute "forward looking statements" within the
meaning of the Act. All forward-looking statements are subject to
risks and uncertainties which could cause actual results to differ
from those projected. Factors that could cause actual results to
differ materially include risks described from time to time in the
company's filings with the Securities and Exchange Commission.
Source: Worthington Industries