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Russel Metals Announces New Leadership
12/23/2008 - Russel Metals’ newly announced President and CEO will succeed Edward M. (Bud) Siegel, who has led Russel Metals since 1997.
Russel Metals Board of Directors Chairman Anthony F. Griffiths announced the promotion of Brian R. Hedges as the company’s next President and CEO, effective May 12, 2009. Hedges will succeed Edward M. (Bud) Siegel, who has led Russel Metals since 1997, and is retiring on that date.
"Bud and Brian have had an extremely complementary and effective partnership in the management and operation of the company for more than a decade", said Anthony F. Griffiths, Chair of the company’s Board. "Brian has played a major role in every important initiative of the company over that period, and is uniquely qualified to assume the CEO role on Bud's retirement".
"Under Bud Siegel's leadership Russel Metals has experienced outstanding growth in profitability and total shareholder return, and has solidified its position as one of North America's leading metals distribution companies,” continued Griffiths. “Bud has also assembled an outstanding management team, both at the corporate level and within the company's many operating units, and paved the way for a natural and successful management transition."
Hedges currently serves as Russel Metals’ Executive Vice President and Chief Operating Officer. He joined the company in 1994 as Chief Financial Officer.
Russel Metals, one of the largest metals distribution companies in North America, carries on business in three distribution segments: metals service centers, energy tubular products and steel distributors. The company conducts business under various names including Russel Metals, A.J. Forsyth, Acier Leroux, Acier Loubier, Acier Richler, Arrow Steel Processors, B&T Steel, Baldwin International, Comco Pipe and Supply, Fedmet Tubulars, JMS Russel Metals, Leroux Steel, McCabe Steel, Megantic Metal, Metaux Russel, Metaux Russel Produits Specialises, Milspec Industries, Norton Metals, Pioneer Pipe, Russel Metals Specialty Products, Russel Metals Williams Bahcall, Spartan Steel Products, Sunbelt Group, Triumph Tubular & Supply, Wirth Steel, and York-Ennis.
"Bud and Brian have had an extremely complementary and effective partnership in the management and operation of the company for more than a decade", said Anthony F. Griffiths, Chair of the company’s Board. "Brian has played a major role in every important initiative of the company over that period, and is uniquely qualified to assume the CEO role on Bud's retirement".
"Under Bud Siegel's leadership Russel Metals has experienced outstanding growth in profitability and total shareholder return, and has solidified its position as one of North America's leading metals distribution companies,” continued Griffiths. “Bud has also assembled an outstanding management team, both at the corporate level and within the company's many operating units, and paved the way for a natural and successful management transition."
Hedges currently serves as Russel Metals’ Executive Vice President and Chief Operating Officer. He joined the company in 1994 as Chief Financial Officer.
Russel Metals, one of the largest metals distribution companies in North America, carries on business in three distribution segments: metals service centers, energy tubular products and steel distributors. The company conducts business under various names including Russel Metals, A.J. Forsyth, Acier Leroux, Acier Loubier, Acier Richler, Arrow Steel Processors, B&T Steel, Baldwin International, Comco Pipe and Supply, Fedmet Tubulars, JMS Russel Metals, Leroux Steel, McCabe Steel, Megantic Metal, Metaux Russel, Metaux Russel Produits Specialises, Milspec Industries, Norton Metals, Pioneer Pipe, Russel Metals Specialty Products, Russel Metals Williams Bahcall, Spartan Steel Products, Sunbelt Group, Triumph Tubular & Supply, Wirth Steel, and York-Ennis.
